Total Wealth Planning & Management Inc. Purchases New Position in Copa Holdings, S.A. (NYSE:CPA)

Total Wealth Planning & Management Inc. purchased a new stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,777 shares of the transportation company's stock, valued at approximately $244,000.

A number of other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in Copa by 147.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock valued at $87,000 after buying an additional 591 shares during the period. Envestnet Asset Management Inc. acquired a new position in Copa in the fourth quarter valued at approximately $225,000. Steward Partners Investment Advisory LLC lifted its stake in Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock valued at $236,000 after buying an additional 521 shares during the period. SG Americas Securities LLC lifted its stake in Copa by 90.0% in the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock valued at $239,000 after buying an additional 1,288 shares during the period. Finally, Retirement Planning Co of New England Inc. acquired a new position in Copa in the fourth quarter valued at approximately $241,000. Institutional investors own 70.09% of the company's stock.

Copa Stock Down 1.6%

Shares of NYSE:CPA traded down $1.81 during mid-day trading on Friday, hitting $108.01. 427,463 shares of the company traded hands, compared to its average volume of 313,448. The stock has a market cap of $4.45 billion, a P/E ratio of 7.42, a P/E/G ratio of 0.87 and a beta of 1.26. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $110.56. The stock has a 50-day moving average price of $94.59 and a two-hundred day moving average price of $93.18.

Copa (NYSE:CPA - Get Free Report) last released its earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.77 by $0.51. Copa had a return on equity of 26.70% and a net margin of 17.67%. The business had revenue of $899.18 million during the quarter, compared to the consensus estimate of $888.82 million. During the same period last year, the business posted $4.19 earnings per share. The business's revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date is Friday, May 30th. Copa's payout ratio is currently 43.96%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wall Street Zen downgraded Copa from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Cowen reaffirmed a "buy" rating on shares of Copa in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Copa presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.00.

Copa Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.