Vontobel Holding Ltd. Trims Stake in Copa Holdings, S.A. $CPA

Vontobel Holding Ltd. reduced its position in Copa Holdings, S.A. (NYSE:CPA) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 484,852 shares of the transportation company’s stock after selling 5,669 shares during the period. Vontobel Holding Ltd.’s holdings in Copa were worth $58,478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in Copa by 80.4% in the 4th quarter. Wells Fargo & Company MN now owns 34,300 shares of the transportation company’s stock worth $4,137,000 after purchasing an additional 15,291 shares during the period. Cape Ann Asset Management Ltd increased its position in shares of Copa by 0.8% during the fourth quarter. Cape Ann Asset Management Ltd now owns 219,800 shares of the transportation company’s stock worth $26,510,000 after acquiring an additional 1,800 shares during the period. HRT Financial LP purchased a new position in shares of Copa during the fourth quarter worth approximately $8,177,000. Insigneo Advisory Services LLC purchased a new position in shares of Copa during the fourth quarter worth approximately $218,000. Finally, Triumph Capital Management increased its position in shares of Copa by 58.3% during the fourth quarter. Triumph Capital Management now owns 475 shares of the transportation company’s stock worth $57,000 after acquiring an additional 175 shares during the period. 70.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group raised 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. JPMorgan Chase & Co. raised their target price on shares of Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Citigroup reduced their target price on shares of Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Evercore reaffirmed an “outperform” rating and set a $175.00 target price on shares of Copa in a research report on Friday, May 15th. Finally, Barclays reduced their target price on shares of Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $167.30.

Copa Stock Performance

Shares of CPA stock opened at $141.82 on Friday. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 1.11 and a beta of 1.00. The company’s 50 day moving average is $126.17 and its 200 day moving average is $127.20. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. Copa Holdings, S.A. has a 52-week low of $99.32 and a 52-week high of $156.41.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.73. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Copa had a net margin of 18.76% and a return on equity of 26.01%. Copa’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company posted $4.28 earnings per share. On average, sell-side analysts anticipate that Copa Holdings, S.A. will post 15.18 EPS for the current fiscal 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 issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, May 29th. Copa’s dividend payout ratio (DPR) is presently 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.