Aaron Wealth Advisors LLC Invests $233,000 in Copa Holdings, S.A. $CPA

Key Points

• Aaron Wealth Advisors LLC purchased 2,120 shares of Copa Holdings, S.A. for approximately $233,000, marking a new investment in the company.
• Copa's recent earnings report showed a EPS of $3.61, exceeding expectations, with revenue of $842.60 million, up 2.8% from the previous year.
• The company declared a quarterly dividend of $1.61 per share, translating to an annualized dividend yield of 5.4%.

Aaron Wealth Advisors LLC acquired a new position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,120 shares of the transportation company's stock, valued at approximately $233,000.

Other large investors also recently modified their holdings of the company. Montag A & Associates Inc. acquired a new stake in shares of Copa during the first quarter worth $30,000. Bayforest Capital Ltd acquired a new stake in shares of Copa during the first quarter worth $36,000. US Bancorp DE increased its position in shares of Copa by 378.1% during the first quarter. US Bancorp DE now owns 502 shares of the transportation company's stock worth $46,000 after buying an additional 397 shares during the period. Quarry LP acquired a new stake in shares of Copa during the first quarter worth $50,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Copa by 8,175.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the transportation company's stock worth $61,000 after buying an additional 654 shares during the period. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPA has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Copa from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Cowen reissued a "buy" rating on shares of Copa in a research note on Friday, August 8th. TD Cowen increased their target price on shares of Copa from $144.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Citigroup cut their target price on shares of Copa from $159.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Copa in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $154.40.

Copa Stock Performance

NYSE CPA traded up $1.08 during trading hours on Friday, reaching $119.77. 195,817 shares of the company were exchanged, compared to its average volume of 230,317. Copa Holdings, S.A. has a 1 year low of $82.54 and a 1 year high of $121.63. The business's 50 day simple moving average is $114.42 and its 200-day simple moving average is $104.20. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $4.93 billion, a P/E ratio of 7.79, a P/E/G ratio of 1.05 and a beta of 1.31.

Copa (NYSE:CPA - Get Free Report) last posted its earnings results on Wednesday, August 6th. The transportation company reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.25 by $0.36. The firm had revenue of $842.60 million during the quarter, compared to the consensus estimate of $833.12 million. Copa had a net margin of 18.36% and a return on equity of 26.22%. The company's revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $2.88 earnings per share. On average, equities research analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $1.61 dividend. The ex-dividend date was Friday, August 29th. This represents a $6.44 annualized dividend and a dividend yield of 5.4%. Copa's dividend payout ratio (DPR) is presently 41.87%.

About Copa

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.