Northwestern Mutual Wealth Management Co. Purchases 258,652 Shares of Copa Holdings, S.A. $CPA

Northwestern Mutual Wealth Management Co. boosted its position in Copa Holdings, S.A. (NYSE:CPA) by 1,361,326.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 258,671 shares of the transportation company’s stock after purchasing an additional 258,652 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.63% of Copa worth $31,198,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CPA. Cullen Capital Management LLC grew its stake in shares of Copa by 13.7% in the third quarter. Cullen Capital Management LLC now owns 209,401 shares of the transportation company’s stock worth $24,881,000 after acquiring an additional 25,173 shares during the last quarter. Carrera Capital Advisors purchased a new stake in shares of Copa in the third quarter worth $4,363,000. GSA Capital Partners LLP grew its stake in shares of Copa by 657.8% in the third quarter. GSA Capital Partners LLP now owns 19,786 shares of the transportation company’s stock worth $2,351,000 after acquiring an additional 17,175 shares during the last quarter. Capital World Investors grew its stake in shares of Copa by 0.9% in the third quarter. Capital World Investors now owns 4,573,570 shares of the transportation company’s stock worth $543,432,000 after acquiring an additional 40,285 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its stake in shares of Copa by 14.9% in the third quarter. Aptus Capital Advisors LLC now owns 65,537 shares of the transportation company’s stock worth $7,787,000 after acquiring an additional 8,510 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

Copa Trading Up 1.6%

Copa stock opened at $133.77 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06. Copa Holdings, S.A. has a one year low of $99.32 and a one year high of $156.41. The stock has a market capitalization of $5.50 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 1.05 and a beta of 0.94. The business’s fifty day moving average is $117.88 and its 200 day moving average is $125.49.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.43 by $0.73. Copa had a return on equity of 26.01% and a net margin of 18.76%.The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $4.28 earnings per share. Copa’s revenue was up 17.0% compared to the same quarter last year. On average, sell-side analysts predict that Copa Holdings, S.A. will post 15.29 EPS for the current year.

Copa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $1.71 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $6.84 annualized dividend and a dividend yield of 5.1%. Copa’s dividend payout ratio (DPR) is 39.88%.

Analyst Ratings Changes

A number of research firms have recently commented on CPA. Citigroup cut their target price on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. UBS Group cut their target price on Copa from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Morgan Stanley reissued an “overweight” rating and issued a $190.00 target price on shares of Copa in a research note on Monday, February 9th. JPMorgan Chase & Co. cut their target price on Copa from $170.00 to $165.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Finally, The Goldman Sachs Group increased their target price on Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Copa has an average rating of “Buy” and a consensus target price of $165.80.

Copa Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.