Hsbc Holdings PLC Reduces Stake in Copa Holdings, S.A. $CPA

Hsbc Holdings PLC cut its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,753 shares of the transportation company’s stock after selling 11,776 shares during the quarter. Hsbc Holdings PLC’s holdings in Copa were worth $5,056,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new stake in Copa in the fourth quarter valued at $27,000. Empowered Funds LLC purchased a new position in shares of Copa in the fourth quarter valued at $29,000. US Bancorp DE raised its stake in shares of Copa by 90.2% during the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after buying an additional 120 shares during the last quarter. Triumph Capital Management acquired a new position in shares of Copa during the 3rd quarter worth $36,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Copa in the 3rd quarter worth about $50,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CPA shares. JPMorgan Chase & Co. increased their price objective on shares of Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. UBS Group lifted their target price on shares of Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Wall Street Zen raised shares of Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. The Goldman Sachs Group increased their price target on shares of Copa from $138.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Citigroup dropped their price objective on shares of Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $168.91.

Copa Stock Up 0.1%

CPA opened at $157.22 on Friday. Copa Holdings, S.A. has a 12 month low of $104.90 and a 12 month high of $160.46. The business has a 50-day moving average of $132.87 and a two-hundred day moving average of $129.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 1.20 and a beta of 1.00.

Copa (NYSE:CPA) last released its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company earned $4.28 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. On average, research analysts expect that Copa Holdings, S.A. will post 15.96 earnings per share for the current year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, May 29th. Copa’s dividend payout ratio (DPR) is 39.88%.

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.