Cibc World Market Inc. Increases Stock Holdings in Copa Holdings, S.A. $CPA

Cibc World Market Inc. lifted its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 57,780 shares of the transportation company’s stock after acquiring an additional 4,932 shares during the period. Cibc World Market Inc.’s holdings in Copa were worth $6,969,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE increased its holdings in Copa by 90.2% during the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after purchasing an additional 120 shares during the last quarter. Triumph Capital Management acquired a new position in shares of Copa in the 3rd quarter worth approximately $36,000. Jones Financial Companies Lllp grew its position in shares of Copa by 100.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock worth $43,000 after acquiring an additional 182 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Copa in the 3rd quarter worth approximately $50,000. Finally, Eastern Bank acquired a new position in shares of Copa in the 4th quarter worth approximately $51,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Stock Up 0.4%

Shares of Copa stock opened at $134.18 on Monday. The stock’s fifty day moving average is $123.94 and its 200-day moving average is $126.70. The firm has a market capitalization of $5.52 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. 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 12-month low of $99.32 and a 12-month high of $156.41.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.73. Copa had a return on equity of 26.01% and a net margin of 18.76%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm earned $4.28 earnings per share. Copa’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities analysts anticipate that Copa Holdings, S.A. will post 15.18 earnings per share for the current year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.71 per share. The ex-dividend date is Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.1%. Copa’s payout ratio is currently 39.88%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CPA. Barclays decreased their target price on Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Bank of America reduced their price objective on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. The Goldman Sachs Group boosted their price target on Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. UBS Group boosted their price target on Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Evercore reissued an “outperform” rating and issued a $175.00 price objective on shares of Copa in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $167.30.

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.