Capital World Investors Increases Stock Position in Copa Holdings, S.A. $CPA

Capital World Investors raised its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 0.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,573,570 shares of the transportation company’s stock after purchasing an additional 40,285 shares during the period. Capital World Investors owned 11.11% of Copa worth $543,432,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Copa by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,313,021 shares of the transportation company’s stock worth $156,014,000 after purchasing an additional 42,921 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Copa by 6.9% during the 2nd quarter. Captrust Financial Advisors now owns 620,600 shares of the transportation company’s stock valued at $68,247,000 after acquiring an additional 40,078 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Copa by 56.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock valued at $31,488,000 after buying an additional 122,413 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Copa by 15.1% in the third quarter. Artisan Partners Limited Partnership now owns 246,944 shares of the transportation company’s stock worth $29,342,000 after acquiring an additional 32,411 shares during the period. Finally, Cullen Capital Management LLC boosted its stake in Copa by 13.7% in the 3rd quarter. Cullen Capital Management LLC now owns 209,401 shares of the transportation company’s stock worth $24,881,000 after purchasing an additional 25,173 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Stock Down 0.1%

NYSE:CPA opened at $125.46 on Wednesday. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 0.84 and a beta of 0.89. Copa Holdings, S.A. has a twelve month low of $82.54 and a twelve month high of $156.41. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $136.61 and a 200-day simple moving average of $126.48.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.18 EPS for the quarter, missing the consensus estimate of $4.44 by ($0.26). The company had revenue of $962.89 million during the quarter, compared to analysts’ expectations of $959.22 million. Copa had a return on equity of 25.62% and a net margin of 18.57%.The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.99 EPS. Analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $1.71 dividend. This is a boost from Copa’s previous quarterly dividend of $1.61. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, February 27th. Copa’s dividend payout ratio is currently 42.04%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. The Goldman Sachs Group downgraded Copa from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $150.00 to $151.00 in a research note on Thursday, February 12th. Itau BBA Securities initiated coverage on shares of Copa in a research note on Sunday, November 30th. They set a “market perform” rating for the company. Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. dropped their target price on Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Copa presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.75.

Copa Company 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.