Cullen Capital Management LLC Acquires 25,173 Shares of Copa Holdings, S.A. $CPA

Cullen Capital Management LLC grew its holdings in Copa Holdings, S.A. (NYSE:CPA) by 13.7% during the third quarter, Holdings Channel.com reports. The firm owned 209,401 shares of the transportation company’s stock after acquiring an additional 25,173 shares during the period. Cullen Capital Management LLC’s holdings in Copa were worth $24,881,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPA. CWM LLC grew its holdings in Copa by 408.2% during the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Copa by 271.4% during the third quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after purchasing an additional 190 shares in the last quarter. Marquette Asset Management LLC acquired a new position in shares of Copa during the third quarter worth approximately $36,000. Jones Financial Companies Lllp grew its stake in shares of Copa by 100.0% during the third quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 182 shares during the last quarter. Finally, Richardson Financial Services Inc. increased its holdings in shares of Copa by 121.2% in the third quarter. Richardson Financial Services Inc. now owns 480 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 263 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on CPA. Raymond James Financial set a $164.00 price objective on Copa and gave the stock a “strong-buy” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a research note on Wednesday, January 21st. Wall Street Zen cut Copa from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. JPMorgan Chase & Co. reduced their target price on shares of Copa from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. Finally, Itau BBA Securities began coverage on shares of Copa in a research note on Sunday, November 30th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $156.00.

Copa Price Performance

Copa stock opened at $146.71 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $6.04 billion, a P/E ratio of 9.12, a PEG ratio of 1.65 and a beta of 0.92. The business has a 50-day moving average of $126.27 and a 200-day moving average of $121.63. Copa Holdings, S.A. has a 1 year low of $82.54 and a 1 year high of $147.66.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, November 19th. The transportation company reported $4.20 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.17. The business had revenue of $913.15 million for the quarter, compared to analyst estimates of $917.51 million. Copa had a net margin of 18.83% and a return on equity of 26.39%. Copa’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.50 EPS. On average, equities analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $1.61 dividend. The ex-dividend date was Monday, December 1st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 4.4%. Copa’s dividend payout ratio is currently 40.05%.

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.