Capital World Investors Purchases 30,101 Shares of Copa Holdings, S.A. $CPA

Capital World Investors raised its position in Copa Holdings, S.A. (NYSE:CPA) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,603,671 shares of the transportation company’s stock after buying an additional 30,101 shares during the quarter. Capital World Investors owned about 0.11% of Copa worth $555,249,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CPA. US Bancorp DE raised its stake in shares of Copa by 90.2% in the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after buying an additional 120 shares during the period. Triumph Capital Management bought a new stake in shares of Copa in the third quarter valued at $36,000. Jones Financial Companies Lllp raised its stake in shares of Copa by 100.0% in the third quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock valued at $43,000 after buying an additional 182 shares during the period. Advisory Services Network LLC bought a new stake in shares of Copa in the third quarter valued at $50,000. Finally, Fifth Third Bancorp raised its stake in shares of Copa by 90.7% in the third quarter. Fifth Third Bancorp now owns 429 shares of the transportation company’s stock valued at $51,000 after buying an additional 204 shares during the period. 70.09% of the stock is currently owned by institutional investors.

Copa Price Performance

Copa stock opened at $134.18 on Monday. Copa Holdings, S.A. has a 52 week low of $99.32 and a 52 week high of $156.41. The business has a 50-day simple moving average of $123.94 and a 200 day simple moving average of $126.70. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 1.07 and a beta of 1.00.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, topping 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 business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business earned $4.28 earnings per share. The firm’s revenue was up 17.0% on a year-over-year basis. On average, research analysts forecast that Copa Holdings, S.A. will post 15.18 earnings per share for the current fiscal year.

Copa Dividend Announcement

The firm also recently announced 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. This represents a $6.84 annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, May 29th. Copa’s payout ratio is presently 39.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CPA shares. Evercore reiterated an “outperform” rating and issued a $175.00 price target on shares of Copa in a research report on Friday, May 15th. Citigroup reduced their price target on Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. UBS Group lifted their price target on Copa from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Morgan Stanley reiterated an “overweight” rating and issued a $190.00 price target on shares of Copa in a research report on Monday, February 9th. Finally, Barclays reduced their price target on Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. One research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $167.30.

About Copa

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.