Pictet Asset Management Holding SA Has $12.69 Million Holdings in Copa Holdings, S.A. $CPA

Key Points

• Pictet Asset Management Holding SA cut its Copa stake by 30% in Q4, selling 45,068 shares and ending the period with 105,210 shares worth $12.69 million (about 0.26% of the company).
• Copa raised its quarterly dividend to $1.71 (annualized $6.84), implying a 5.9% yield and a dividend payout ratio of 42.04%.
• The company modestly beat Q4 estimates (EPS $4.46 vs. $4.44; revenue $962.9M vs. $959.2M), posts strong profitability metrics, and carries a consensus analyst rating of Buy with an average target of $165.

Pictet Asset Management Holding SA cut its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 30.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,210 shares of the transportation company's stock after selling 45,068 shares during the period. Pictet Asset Management Holding SA owned about 0.26% of Copa worth $12,689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC raised its holdings in shares of Copa by 408.2% in the third quarter. CWM LLC now owns 249 shares of the transportation company's stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. US Bancorp DE grew its stake in shares of Copa by 90.2% in the third quarter. US Bancorp DE now owns 253 shares of the transportation company's stock valued at $30,000 after buying an additional 120 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Copa by 271.4% in the third quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company's stock valued at $31,000 after buying an additional 190 shares in the last quarter. Marquette Asset Management LLC bought a new position in shares of Copa in the third quarter valued at $36,000. Finally, Triumph Capital Management bought a new position in shares of Copa in the third quarter valued at $36,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Stock Up 0.4%

CPA stock opened at $116.12 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.31 and a quick ratio of 1.20. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 0.99 and a beta of 0.94. The business's fifty day moving average price is $120.98 and its two-hundred day moving average price is $125.69. Copa Holdings, S.A. has a fifty-two week low of $93.33 and a fifty-two week high of $156.41.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.44 by $0.02. The firm had revenue of $962.89 million for the quarter, compared to analysts' expectations of $959.22 million. Copa had a return on equity of 25.62% and a net margin of 18.57%.The company's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.99 EPS. On average, equities analysts anticipate that Copa Holdings, S.A. will post 14.21 earnings per share for the current year.

Copa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 5.9%. The ex-dividend date was Friday, February 27th. This is a positive change from Copa's previous quarterly dividend of $1.61. Copa's dividend payout ratio (DPR) is 42.04%.

Analyst Upgrades and Downgrades

CPA has been the subject of several research reports. Citigroup cut their price target on Copa from $155.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday, March 17th. UBS Group cut their price target on Copa from $190.00 to $185.00 and set a "buy" rating for the company in a report on Friday, March 27th. JPMorgan Chase & Co. cut their price target on Copa from $170.00 to $165.00 and set an "overweight" rating for the company in a report on Thursday, March 12th. The Goldman Sachs Group raised Copa from a "neutral" rating to a "buy" rating and cut their price target for the company from $151.00 to $138.00 in a report on Monday, April 13th. Finally, Barclays cut their price target on Copa from $185.00 to $165.00 and set an "overweight" rating for the company in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $165.00.

Copa Profile

Copa Holdings, SA NYSE: CPA is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.

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