Bank of America Corp DE Has $1.10 Million Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Bank of America Corp DE reduced its position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 81.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,499 shares of the transportation company's stock after selling 53,661 shares during the quarter. Bank of America Corp DE's holdings in Copa were worth $1,098,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CPA. EverSource Wealth Advisors LLC grew its holdings in shares of Copa by 147.8% during 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 in the last quarter. Envestnet Asset Management Inc. purchased a new position in Copa during the 4th quarter valued at about $225,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Copa by 24.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock valued at $236,000 after purchasing an additional 521 shares during the period. SG Americas Securities LLC lifted its position in shares of Copa by 90.0% in the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. acquired a new stake in shares of Copa during the fourth quarter worth approximately $241,000. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Stock Down 0.1%

CPA stock traded down $0.16 during trading hours on Tuesday, hitting $107.53. The company's stock had a trading volume of 206,921 shares, compared to its average volume of 318,133. The stock has a 50 day moving average price of $96.84 and a two-hundred day moving average price of $93.50. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $110.73. The company has a market capitalization of $4.43 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 0.87 and a beta of 1.33. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data 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 net margin of 17.67% and a return on equity of 26.70%. The firm had revenue of $899.18 million during the quarter, compared to analysts' expectations of $888.82 million. During the same period in the prior year, the company posted $4.19 earnings per share. Copa's revenue for the quarter was up .6% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend is Friday, May 30th. Copa's dividend payout ratio is 43.96%.

Analysts Set New Price Targets

Several research firms have weighed in on CPA. Cowen reiterated a "buy" rating on shares of Copa in a research note on Wednesday, May 14th. Wall Street Zen cut shares of Copa from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.