Optimist Retirement Group LLC bought a new position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,017 shares of the transportation company's stock, valued at approximately $279,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CPA. Montag A & Associates Inc. bought a new position in shares of Copa in the first quarter worth approximately $30,000. SBI Securities Co. Ltd. increased its position in shares of Copa by 2,813.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,049 shares of the transportation company's stock valued at $97,000 after purchasing an additional 1,013 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Copa during the 4th quarter valued at about $225,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of Copa during the 4th quarter valued at about $244,000. Finally, Signet Financial Management LLC increased its position in shares of Copa by 14.3% during the 1st quarter. Signet Financial Management LLC now owns 2,635 shares of the transportation company's stock valued at $244,000 after purchasing an additional 329 shares during the last quarter. Institutional investors own 70.09% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Cowen restated a "buy" rating on shares of Copa in a research note 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. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Copa presently has an average rating of "Buy" and a consensus target price of $153.00.
Read Our Latest Analysis on Copa
Copa Stock Down 0.9%
Shares of NYSE:CPA opened at $108.26 on Friday. The business has a fifty day moving average of $106.82 and a two-hundred day moving average of $97.08. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.15. The stock has a market cap of $4.46 billion, a P/E ratio of 7.39, a PEG ratio of 0.77 and a beta of 1.31. 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 (NYSE:CPA - Get Free Report) last issued its earnings results 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 business 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%. The business's quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $4.19 EPS. On average, 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 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 of this dividend was Friday, May 30th. This represents a $6.44 annualized dividend and a dividend yield of 5.95%. Copa's dividend payout ratio (DPR) is currently 43.96%.
About Copa
(
Free Report)
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.
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