Forward Management LLC held its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) during the second quarter, Holdings Channel reports. The fund owned 2,900 shares of the transportation company’s stock at the end of the second quarter. Forward Management LLC’s holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. were worth $326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantitative Systematic Strategies LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. during the second quarter worth $210,000. Comerica Bank raised its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 1.3% in the first quarter. Comerica Bank now owns 2,732 shares of the transportation company’s stock worth $276,000 after buying an additional 35 shares during the last quarter. Adalta Capital Management LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. during the first quarter worth $267,000. First Trust Advisors LP purchased a new position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. during the first quarter worth $285,000. Finally, World Asset Management Inc raised its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 0.8% in the first quarter. World Asset Management Inc now owns 2,970 shares of the transportation company’s stock worth $288,000 after buying an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 6.35% of the company’s stock.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (PAC) opened at 110.36 on Friday. The company has a 50 day moving average of $113.86 and a 200-day moving average of $100.46. The company has a market cap of $5.80 billion, a P/E ratio of 23.48 and a beta of 0.29. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a one year low of $72.52 and a one year high of $119.87.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 26th that allows the company to buyback 995,000,000 shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a None dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 14th will be paid a dividend of $1.599 per share. This represents a yield of 2.79%. The ex-dividend date of this dividend is Thursday, August 10th. This is a boost from Grupo Aeroportuario Del Pacifico, S.A. de C.V.’s previous None dividend of $0.91. Grupo Aeroportuario Del Pacifico, S.A. de C.V.’s dividend payout ratio is currently 86.23%.

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A number of research analysts have recently weighed in on the company. UBS AG lowered Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “neutral” rating to a “sell” rating in a research report on Wednesday, May 17th. Zacks Investment Research upgraded Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “sell” rating to a “buy” rating and set a $128.00 price objective for the company in a research report on Tuesday, August 1st. BidaskClub lowered Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Morgan Stanley lowered Grupo Aeroportuario Del Pacifico, S.A. de C.V. from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $106.50.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. Company Profile

Grupo Aeroportuario del Pacifico, SAB. de C.V. is a holding company. The Company holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company’s segments include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies.

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Institutional Ownership by Quarter for Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)

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