Dimensional Fund Advisors LP Purchases 52,243 Shares of Copa Holdings, S.A. $CPA

Dimensional Fund Advisors LP boosted its position in Copa Holdings, S.A. (NYSE:CPA) by 3.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,396,963 shares of the transportation company’s stock after purchasing an additional 52,243 shares during the period. Dimensional Fund Advisors LP’s holdings in Copa were worth $158,691,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Hilton Head Capital Partners LLC acquired a new position in Copa during the fourth quarter worth approximately $27,000. Empowered Funds LLC acquired a new stake in shares of Copa in the fourth quarter valued at approximately $29,000. US Bancorp DE boosted its stake in shares of 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 acquiring an additional 120 shares during the period. SJS Investment Consulting Inc. boosted its stake in shares of Copa by 284.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock worth $33,000 after acquiring an additional 216 shares during the period. Finally, Triumph Capital Management acquired a new position in shares of Copa during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Price Performance

Copa stock opened at $136.09 on Monday. The stock has a 50-day moving average price of $143.61 and a two-hundred day moving average price of $133.11. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. Copa Holdings, S.A. has a 12 month low of $107.44 and a 12 month high of $160.46. The company has a market capitalization of $5.60 billion, a PE ratio of 7.94, a P/E/G ratio of 1.00 and a beta of 1.00.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.73. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Copa had a net margin of 18.76% and a return on equity of 26.01%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.28 EPS. Analysts expect that Copa Holdings, S.A. will post 16.6 EPS for the current year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, May 29th. Copa’s payout ratio is currently 39.88%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Evercore reiterated an “outperform” rating and issued a $175.00 price target on shares of Copa in a research note on Friday, May 15th. JPMorgan Chase & Co. upped their price objective on shares of Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. UBS Group boosted their price objective on shares of Copa from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Raymond James Financial upped their target price on Copa from $190.00 to $195.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group assumed coverage on Copa in a report on Thursday, June 18th. They issued a “buy” rating and a $185.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $171.73.

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.