On October 3, 2023, it was reported that &Csenge Advisory Group had acquired a new position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) during the second quarter. The financial advisory firm disclosed this information through its most recent filing with the Securities and Exchange Commission (SEC). According to the filing, &Csenge Advisory Group purchased a total of 1,830 shares of PAC’s stock, valuing approximately $327,000.
Grupo Aeroportuario del Pacífico is a transportation company that operates airports in Mexico and Jamaica. As an institutional investor, &Csenge Advisory Group made a strategic decision to invest in PAC’s stock during the second quarter. This move suggests confidence in the company’s performance and growth potential.
In conjunction with this news, Grupo Aeroportuario del Pacífico recently announced the payment of a dividend to its shareholders. The dividend will be distributed on Monday, October 23rd to individuals who were recorded as shareholders on Wednesday, October 11th. Shareholders can expect to receive a dividend of $2.1322 per share owned.
It is worth noting that the ex-dividend date for this distribution is set for Tuesday, October 10th. Investors who purchase PAC’s shares on or after this date will not be eligible for the upcoming dividend payment. This particular dividend represents a yield of 5.5%, which may attract investors seeking income-generating opportunities.
Moreover, Grupo Aeroportuario del Pacífico has maintained a relatively high dividend payout ratio (DPR) at 72.41%. This percentage indicates how much of its earnings are allocated towards dividends rather than retained for reinvestment or other business purposes. For income-oriented investors, such an attractive DPR may enhance the appeal of investing in PAC’s stock.
In conclusion, &Csenge Advisory Group has accumulated a new stake in Grupo Aeroportuario del Pacífico during the second quarter, reinforcing their confidence in the transportation company’s future prospects. Additionally, PAC’s upcoming dividend payment, with a yield of 5.5%, presents an opportunity for income-seeking investors. However, it is essential for potential investors to note that the ex-dividend date has already passed on October 10th. As always, thorough research and careful consideration of individual financial goals are crucial before making any investment decisions.
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Hedge Funds and Institutional Investors Impact Stake and Market Position of Grupo Aeroportuario del Pacífico
In recent news, there have been several developments surrounding Grupo Aeroportuario del Pacífico, a prominent transportation company. Notably, numerous hedge funds have adjusted their stakes in the stock, ultimately impacting its value and market position. BNP Paribas Arbitrage SA, for instance, has increased its stake in Grupo Aeroportuario del Pacífico by 13.5% during the first quarter of this year. This translates to owning approximately 723 shares of the transportation company’s stock, with an estimated worth of $117,000 after acquiring an additional 86 shares in the last quarter.
Furthermore, UBS Group AG has also joined the fray by growing its stake in Grupo Aeroportuario del Pacífico by 5.0% during the same period. This move places UBS Group AG as the proud owner of 1,883 shares of the transportation company’s stock. This newfound ownership is valued at around $304,000 after acquiring an additional 90 shares in the last quarter.
Another institution making strategic adjustments is Veracity Capital LLC. The firm has grown its stake in Grupo Aeroportuario del Pacífico by 6.0% during the first quarter. Consequently, Veracity Capital LLC now possesses approximately 1,722 shares of the transportation company’s stock with an approximate worth of $336,000 after acquiring an additional 98 shares in the last quarter.
Parallel Advisors LLC has also entered into this complex web of transactions by growing its stake inGrupo Aeroportuario del Pacífico by a whopping 42.5% duringthe first quarter.Therefore,it currently owns about342sharesofthetrans-portationcompany’sstockwhicharevaluedat$67 https://www.bloomberg.com/quote/PAC:MM
Last but certainly not least,Ronald Blue Trust Inc.has intensively focused on expandingitsstakeinGrupoAeroportuariodelPacífico.Thefirmhasgrownitsstake by a remarkable75.4%during the first quarter.Consequently,Ronald Blue Trust Inc.now owns roughly 242 shares of the transportation company’s stock,which are worth approximately$35,000 after acquiring an additional 104 shares in the last quarter.
It is essential to note thatinstitutional investorscurrentlyown11.98%ofthe company’shttps://www.bloomberg.com/profile/company/GAPB:US
Although this news may appear somewhat perplexing and intricate, it is integral to comprehend its ramifications within the financial sector. By analyzing the actions taken by these hedge funds and institutional investors, industry analysts can gain insights into Grupo Aeroportuario del Pacífico’s market performance and predict potential shifts in its trajectory.
Subsequently, various equities analysts have weighed in on the stock as well. Bank of America recently upgraded Grupo Aeroportuario del Pacífico from an “underperform” rating to a “neutral” rating. This rating adjustment reflects a considerable adjustment based on their analysis of current market conditions and projections for Grupo Aeroportuario del Pacífico.
Additionally, StockNews.com initiated coverage on Grupo Aeroportuario del Pacífico by giving it a “hold” rating. This initial evaluation serves as a starting point for further scrutiny and examination by experts who closely follow industry trends and market fluctuations.
While some investment analysts have expressed mixed opinions about the stock, with one even suggesting a sell rating, three others believe that holding onto it would be prudent. There is, however, one analyst who has given it a buy rating – an indication of confidence in Grupo Aeroportuario del Pacífico’s future prospects.
According to data from Bloomberg.com, the stock currently holds an average rating of “Hold” with a consensus price target estimated at $150.50.
As of October 3rd, New York Stock Exchange (NYSE) PAC opened at $166.06, demonstrating the dynamic nature of its market value in recent times. Analyzing its financial indicators provides further insight into the company’s overall health and performance.
For instance, Grupo Aeroportuario del Pacífico possesses a debt-to-equity ratio of 2.07, indicating its reliance on borrowed funds in relation to shareholders’ contributions. It also boasts a healthy quick ratio and current ratio, both standing at 1.12, showcasing its ability to meet short-term financial obligations.
In terms of stock movement, the company’s 50-day moving average price is $179.75, while its 200-day moving average stands at $181.98. These indicators shed light on the stock’s past performance and provide a snapshot of its current trajectory.
Grupo Aeroportuario del Pacífico has experienced both highs and lows during the past year with a 52-week low of $127.09 and a 52-week high of $200.85. This wide range illustrates the volatility in the transportation industry as well as various external factors that may impact stock prices.
Despite these fluctuations, Grupo Aeroportuario del Pacífico maintains an impressive market capitalization of $8.39 billion – a testament to its size and stature within the marketplace. Its price-to-
