ABS Direct Equity Fund LLC Sells 4,610 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

ABS Direct Equity Fund LLC decreased its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 30.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,550 shares of the transportation company’s stock after selling 4,610 shares during the quarter. Grupo Aeroportuario del Pacífico comprises 2.1% of ABS Direct Equity Fund LLC’s holdings, making the stock its 19th largest holding. ABS Direct Equity Fund LLC’s holdings in Grupo Aeroportuario del Pacífico were worth $1,846,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Albert D Mason Inc. lifted its position in shares of Grupo Aeroportuario del Pacífico by 0.5% during the third quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company’s stock valued at $2,200,000 after purchasing an additional 63 shares in the last quarter. Signaturefd LLC boosted its position in Grupo Aeroportuario del Pacífico by 34.0% in the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after purchasing an additional 64 shares during the last quarter. US Bancorp DE increased its position in shares of Grupo Aeroportuario del Pacífico by 24.4% during the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 88 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Grupo Aeroportuario del Pacífico by 67.9% during the 3rd quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock worth $38,000 after purchasing an additional 89 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 37.3% in the 3rd quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock worth $68,000 after buying an additional 106 shares during the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Price Performance

PAC opened at $187.91 on Tuesday. The firm has a 50-day moving average price of $185.88 and a 200-day moving average price of $175.56. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $139.64 and a twelve month high of $200.00. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $9.50 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.22 and a beta of 1.46.

Grupo Aeroportuario del Pacífico Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a dividend of $3.7626 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a yield of 8.01%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PAC. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. Barclays restated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Grupo Aeroportuario del Pacífico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.