Baillie Gifford & Co. Sells 18,218 Shares of Copa Holdings, S.A. $CPA

Key Points

• Baillie Gifford trimmed its stake in Copa by 0.7%, selling 18,218 shares and leaving it with 2,747,078 shares—about 6.67% of the company valued at roughly $331.3 million.
• Copa reported a quarterly EPS of $4.46 (beating estimates) with revenue of $962.9M (+9.6% YoY), and recently raised its quarterly dividend to $1.71 (annualized $6.84) for a yield of about 5.7%.
• Wall Street sentiment is mixed-to-positive: the consensus is a "Moderate Buy" with an average target of $166.30, based on mostly Buy ratings alongside a few Hold/upgrade adjustments.

Baillie Gifford & Co. lessened its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,747,078 shares of the transportation company's stock after selling 18,218 shares during the period. Baillie Gifford & Co. owned about 6.67% of Copa worth $331,325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CPA. CWM LLC boosted its position in shares of Copa by 408.2% during the 3rd quarter. CWM LLC now owns 249 shares of the transportation company's stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. US Bancorp DE raised its stake in shares of Copa by 90.2% in the third quarter. US Bancorp DE now owns 253 shares of the transportation company's stock worth $30,000 after purchasing an additional 120 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Copa by 271.4% in the third quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company's stock worth $31,000 after purchasing an additional 190 shares during the last quarter. Marquette Asset Management LLC purchased a new stake in shares of Copa in the third quarter worth approximately $36,000. Finally, Triumph Capital Management purchased a new stake in shares of Copa during the third quarter valued at approximately $36,000. Institutional investors own 70.09% of the company's stock.

Copa Stock Down 0.1%

CPA opened at $119.04 on Monday. The company has a market cap of $4.90 billion, a P/E ratio of 7.32, a P/E/G ratio of 1.00 and a beta of 1.01. The business's 50-day moving average price is $129.14 and its 200-day moving average price is $125.92. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. Copa Holdings, S.A. has a 12 month low of $84.15 and a 12 month high of $156.41.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.46 EPS for the quarter, topping the consensus estimate of $4.44 by $0.02. Copa had a return on equity of 25.62% and a net margin of 18.57%.The firm had revenue of $962.89 million for the quarter, compared to the consensus estimate of $959.22 million. During the same quarter in the previous year, the business earned $3.99 earnings per share. The company's quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts expect that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a dividend of $1.71 per share. The ex-dividend date was Friday, February 27th. This represents a $6.84 dividend on an annualized basis and a yield of 5.7%. This is a boost from Copa's previous quarterly dividend of $1.61. Copa's dividend payout ratio (DPR) is presently 42.04%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CPA. Citigroup decreased their price target on Copa from $155.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, March 17th. Wall Street Zen lowered Copa from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. The Goldman Sachs Group lowered Copa from a "buy" rating to a "neutral" rating and raised their price target for the stock from $150.00 to $151.00 in a report on Thursday, February 12th. UBS Group cut their price target on Copa from $190.00 to $185.00 and set a "buy" rating for the company in a report on Friday, March 27th. Finally, Morgan Stanley reissued an "overweight" rating and set a $190.00 price objective on shares of Copa in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $166.30.

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.

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