Massachusetts Financial Services Co. MA Grows Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

Massachusetts Financial Services Co. MA increased its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 32.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,647 shares of the transportation company's stock after purchasing an additional 4,767 shares during the quarter. 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 also recently bought and sold shares of the company. SBI Securities Co. Ltd. raised its holdings 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 valued at $97,000 after acquiring an additional 1,013 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Copa during the fourth quarter valued at approximately $225,000. Signet Financial Management LLC raised its holdings 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 valued at $244,000 after acquiring an additional 329 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new position in shares of Copa during the fourth quarter valued at approximately $244,000. Finally, LPL Financial LLC raised its holdings in shares of Copa by 4.3% during the fourth quarter. LPL Financial LLC now owns 3,204 shares of the transportation company's stock valued at $282,000 after acquiring an additional 132 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CPA shares. Cowen reissued a "buy" rating on shares of Copa in a report on Wednesday, May 14th. Raymond James Financial upped their price target on Copa from $145.00 to $147.00 and gave the company a "strong-buy" rating in a research report on Wednesday. Finally, Wall Street Zen upgraded Copa from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $152.00.

Copa Price Performance

Shares of CPA stock traded up $0.10 during trading hours on Thursday, reaching $110.40. The company had a trading volume of 270,076 shares, compared to its average volume of 252,032. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 0.78 and a beta of 1.31. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a fifty day moving average of $107.47 and a 200-day moving average of $97.63.

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 for the quarter, topping the consensus estimate of $3.77 by $0.51. The company had revenue of $899.18 million during 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%. The firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $4.19 earnings per share. On average, equities analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given 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 dividend yield of 5.83%. Copa's dividend payout ratio is currently 43.96%.

Copa Company 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.