US Bancorp DE Purchases 99 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

US Bancorp DE grew its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 547 shares of the transportation company’s stock after buying an additional 99 shares during the period. US Bancorp DE’s holdings in Grupo Aeroportuario del Pacífico were worth $96,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sage Investment Counsel LLC bought a new position in shares of Grupo Aeroportuario del Pacífico in the fourth quarter worth $479,000. Blue Trust Inc. increased its position in shares of Grupo Aeroportuario del Pacífico by 13.6% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock worth $78,000 after purchasing an additional 53 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of Grupo Aeroportuario del Pacífico by 7.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,908 shares of the transportation company’s stock worth $509,000 after purchasing an additional 194 shares during the period. Empowered Funds LLC bought a new position in shares of Grupo Aeroportuario del Pacífico in the fourth quarter worth $150,000. Finally, Financial Advocates Investment Management increased its position in shares of Grupo Aeroportuario del Pacífico by 3.7% in the fourth quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company’s stock worth $435,000 after purchasing an additional 88 shares during the period. Institutional investors own 11.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PAC shares. Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and raised their price target for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. Barclays restated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. Finally, Bank of America lowered Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE:PAC opened at $191.40 on Monday. The stock’s 50-day simple moving average is $189.96 and its 200 day simple moving average is $182.90. The firm has a market capitalization of $9.67 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.28 and a beta of 1.46. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $144.36 and a twelve month high of $205.35.

About Grupo Aeroportuario del Pacífico

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.