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

Capital World Investors boosted 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 SEC. The institutional investor owned 4,603,671 shares of the transportation company’s stock after acquiring an additional 30,101 shares during the period. Capital World Investors owned 11.18% of Copa worth $555,249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its holdings in Copa by 657.8% in the third quarter. GSA Capital Partners LLP now owns 19,786 shares of the transportation company’s stock worth $2,351,000 after acquiring an additional 17,175 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in Copa by 14.9% in the third quarter. Aptus Capital Advisors LLC now owns 65,537 shares of the transportation company’s stock worth $7,787,000 after acquiring an additional 8,510 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Copa by 33.3% in the third quarter. Envestnet Asset Management Inc. now owns 104,675 shares of the transportation company’s stock worth $12,438,000 after acquiring an additional 26,158 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Copa by 3.6% in the third quarter. Captrust Financial Advisors now owns 642,777 shares of the transportation company’s stock valued at $76,375,000 after purchasing an additional 22,177 shares in the last quarter. Finally, Mirabella Financial Services LLP bought a new position in shares of Copa in the third quarter valued at approximately $3,809,000. Institutional investors own 70.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CPA. The Goldman Sachs Group raised their target price on Copa from $138.00 to $156.00 and gave the company a “buy” rating in a report on Friday, May 15th. Citigroup dropped their target price on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Wall Street Zen upgraded Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Bank of America dropped their target price on Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Finally, UBS Group raised their target price on Copa from $185.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Copa currently has a consensus rating of “Buy” and an average price target of $167.30.

Copa Stock Performance

Shares of CPA opened at $134.18 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 1.07 and a beta of 1.00. The stock has a 50 day moving average of $123.94 and a 200 day moving average of $126.70. Copa Holdings, S.A. has a 12 month low of $99.32 and a 12 month high of $156.41.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Copa had a return on equity of 26.01% and a net margin of 18.76%.Copa’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the business posted $4.28 earnings per share. As a group, sell-side analysts forecast 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. Investors of record on Friday, May 29th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, May 29th. Copa’s dividend payout ratio (DPR) is presently 39.88%.

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.