Massachusetts Financial Services Co. MA Has $1.82 Million Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Massachusetts Financial Services Co. MA boosted its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 32.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,647 shares of the transportation company's stock after acquiring an additional 4,767 shares during the period. Massachusetts Financial Services Co. MA's holdings in Copa were worth $1,817,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. lifted its holdings in shares of Copa by 2,813.9% in the first quarter. SBI Securities Co. Ltd. now owns 1,049 shares of the transportation company's stock worth $97,000 after buying an additional 1,013 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in Copa during the 4th quarter worth about $225,000. Signet Financial Management LLC grew its holdings in Copa by 14.3% during the 1st 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 in the last quarter. Total Wealth Planning & Management Inc. bought a new position in Copa during the 4th quarter worth about $244,000. Finally, LPL Financial LLC grew its holdings in Copa by 4.3% during the 4th quarter. LPL Financial LLC now owns 3,204 shares of the transportation company's stock worth $282,000 after acquiring an additional 132 shares in the last quarter. Institutional investors own 70.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Cowen reissued a "buy" rating on shares of Copa in a research report on Wednesday, May 14th. Raymond James Financial lifted their price target on shares of Copa from $145.00 to $147.00 and gave the company a "strong-buy" rating in a research note on Wednesday. Finally, Wall Street Zen raised shares of Copa from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Copa presently has a consensus rating of "Buy" and an average price target of $152.00.

Copa Trading Down 0.6%

CPA traded down $0.72 during midday trading on Thursday, hitting $109.59. The company's stock had a trading volume of 67,303 shares, compared to its average volume of 319,018. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.56. The firm has a market cap of $4.51 billion, a P/E ratio of 7.48, a PEG ratio of 0.77 and a beta of 1.31. The firm has a 50-day moving average price of $107.13 and a two-hundred day moving average price of $97.39. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.15.

Copa (NYSE:CPA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.77 by $0.51. The company had revenue of $899.18 million for the quarter, compared to analyst estimates of $888.82 million. Copa had a return on equity of 25.91% and a net margin of 17.66%. Copa's quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $4.19 EPS. On average, research analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $1.61 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $6.44 annualized dividend and a yield of 5.88%. Copa's dividend payout ratio is currently 43.96%.

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.