World Asset Management Inc reduced its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,807 shares of the transportation company’s stock after selling 163 shares during the period. World Asset Management Inc’s holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. were worth $315,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Opus Capital Group LLC bought a new position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. during the first quarter valued at $305,000. Sei Investments Co. raised its position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 5.4% in the first quarter. Sei Investments Co. now owns 17,148 shares of the transportation company’s stock valued at $1,665,000 after buying an additional 874 shares during the period. Karp Capital Management Corp bought a new position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. during the first quarter valued at $2,060,000. Comerica Bank raised its position in 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 valued at $276,000 after buying an additional 35 shares during the period. Finally, First Trust Advisors LP bought a new position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. during the first quarter valued at $285,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE PAC) opened at 111.30 on Wednesday. The firm’s 50 day moving average price is $113.92 and its 200 day moving average price is $101.24. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52-week low of $72.52 and a 52-week high of $119.87. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 23.68 and a beta of 0.29.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. declared that its board has authorized a share buyback plan on Wednesday, April 26th that authorizes the company to repurchase 995,000,000 outstanding shares. This repurchase authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a None dividend, which will be paid on Friday, August 25th. Stockholders of record on Monday, August 14th will be issued a $1.599 dividend. This represents a dividend yield of 2.79%. The ex-dividend date is Thursday, August 10th. This is a positive change 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 (DPR) is currently 86.23%.

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Several research firms have weighed in on PAC. Zacks Investment Research lowered Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. 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. 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. 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 research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has an average rating of “Hold” and an average price target of $106.50.

About Grupo Aeroportuario Del Pacifico, S.A. de C.V.

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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