Aaron Wealth Advisors LLC Acquires New Position 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 purchased a new stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,120 shares of the transportation company's stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northern Trust Corp lifted its position in Copa by 19.7% in the fourth quarter. Northern Trust Corp now owns 20,850 shares of the transportation company's stock valued at $1,832,000 after acquiring an additional 3,433 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Copa in the first quarter valued at $423,000. Aptus Capital Advisors LLC lifted its position in Copa by 12.5% in the first quarter. Aptus Capital Advisors LLC now owns 52,242 shares of the transportation company's stock valued at $4,830,000 after acquiring an additional 5,808 shares during the last quarter. Hsbc Holdings PLC lifted its position in Copa by 16.7% in the first quarter. Hsbc Holdings PLC now owns 52,671 shares of the transportation company's stock valued at $4,841,000 after acquiring an additional 7,520 shares during the last quarter. Finally, Seven Mile Advisory purchased a new stake in Copa in the first quarter valued at $223,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Price Performance

Shares of NYSE CPA traded up $1.30 on Tuesday, hitting $121.26. The company's stock had a trading volume of 95,764 shares, compared to its average volume of 315,560. Copa Holdings, S.A. has a 12-month low of $82.54 and a 12-month high of $121.81. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 1.05 and a beta of 1.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.93. The stock has a 50 day moving average of $114.61 and a 200-day moving average of $104.43.

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

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $1.61 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $6.44 annualized dividend and a dividend yield of 5.3%. Copa's dividend payout ratio is presently 41.87%.

Wall Street Analysts Forecast Growth

CPA has been the subject of a number of research reports. Raymond James Financial reissued a "strong-buy" rating on shares of Copa in a research report on Friday, August 8th. Wall Street Zen raised shares of Copa from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Citigroup reduced their target price on shares of Copa from $159.00 to $150.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Morgan Stanley reaffirmed an "overweight" rating and issued a $145.00 target price (up from $125.00) on shares of Copa in a report on Monday, August 11th. Finally, TD Cowen upped their target price on shares of Copa from $144.00 to $147.00 and gave the company a "buy" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, Copa currently has an average rating of "Buy" and an average target price of $154.40.

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.