Baillie Gifford & Co. Has $276.30 Million Position in Copa Holdings, S.A. (NYSE:CPA)

Key Points

• Baillie Gifford & Co. reduced its stake in Copa Holdings by 2.4%, selling 73,984 shares in the first quarter and owning approximately 7.11% of the company worth $276.3 million.
• Analysts have shown a positive outlook for Copa, with a consensus rating of "Buy" and a price target of $152.00, following recent upgrades from Cowen and Raymond James Financial.
• Copa recently declared a quarterly dividend of $1.61 per share, yielding 5.83%, reflecting a payout ratio of 43.96%.

Baillie Gifford & Co. lessened its stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 2.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,988,263 shares of the transportation company's stock after selling 73,984 shares during the quarter. Baillie Gifford & Co. owned 7.11% of Copa worth $276,295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CPA. Montag A & Associates Inc. bought a new stake in shares of Copa during the first quarter worth $30,000. SBI Securities Co. Ltd. raised its position in shares of Copa by 2,813.9% during the first quarter. SBI Securities Co. Ltd. now owns 1,049 shares of the transportation company's stock worth $97,000 after acquiring an additional 1,013 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Copa during the fourth quarter worth $225,000. Signet Financial Management LLC raised its position in shares of Copa by 14.3% during the first quarter. Signet Financial Management LLC now owns 2,635 shares of the transportation company's stock worth $244,000 after acquiring an additional 329 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. bought a new stake in shares of Copa during the fourth quarter worth $244,000. Institutional investors own 70.09% of the company's stock.

Copa Trading Up 1.6%

Shares of Copa stock traded up $1.79 during trading on Tuesday, reaching $110.82. 101,834 shares of the company were exchanged, compared to its average volume of 318,740. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.56. Copa Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $114.15. The business has a 50-day moving average price of $107.71 and a 200-day moving average price of $98.03. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 0.78 and a beta of 1.31.

Copa (NYSE:CPA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, topping analysts' consensus estimates of $3.77 by $0.51. Copa had a return on equity of 25.91% and a net margin of 17.66%. The business had revenue of $899.18 million during the quarter, compared to analysts' expectations of $888.82 million. During the same period in the previous year, the firm earned $4.19 earnings per share. The firm's quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $1.61 dividend. The ex-dividend date was Friday, May 30th. This represents a $6.44 dividend on an annualized basis and a yield of 5.81%. Copa's payout ratio is 43.96%.

Wall Street Analyst Weigh In

CPA has been the subject of a number of recent research reports. Cowen restated a "buy" rating on shares of Copa in a research report on Wednesday, May 14th. Wall Street Zen upgraded Copa from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, Raymond James Financial boosted their target price on Copa from $145.00 to $147.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, July 23rd. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Copa has a consensus rating of "Buy" and an average target price of $152.00.

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.