Capital World Investors Reduces Stake in Copa Holdings, S.A. (NYSE:CPA)

Capital World Investors cut its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,704,021 shares of the transportation company’s stock after selling 19,995 shares during the period. Capital World Investors owned 0.11% of Copa worth $413,389,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CPA. EverSource Wealth Advisors LLC boosted its position in shares of Copa by 147.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock worth $87,000 after buying an additional 591 shares in the last quarter. Optimist Retirement Group LLC purchased a new stake in shares of Copa in the third quarter valued at about $240,000. Envestnet Asset Management Inc. acquired a new stake in shares of Copa in the fourth quarter valued at approximately $225,000. Steward Partners Investment Advisory LLC increased its stake in shares of Copa by 24.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock worth $236,000 after purchasing an additional 521 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Copa by 90.0% during the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock worth $239,000 after purchasing an additional 1,288 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Analysts Set New Price Targets

CPA has been the subject of several recent research reports. UBS Group raised their price target on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Cowen restated a “buy” rating on shares of Copa in a report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $153.29.

Copa Stock Up 0.1 %

CPA opened at $88.06 on Friday. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $114.00. The business has a 50-day moving average of $92.27 and a two-hundred day moving average of $93.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 0.87 and a beta of 1.11.

Copa (NYSE:CPA) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. On average, research analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 7.31%. The ex-dividend date was Friday, February 28th. Copa’s dividend payout ratio (DPR) is currently 44.23%.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.