Thomas J. Herzfeld Advisors Inc. Lowers Holdings in Copa Holdings, S.A. $CPA

Key Points

• Thomas J. Herzfeld Advisors Inc. reduced its holdings in Copa Holdings, S.A. by 45.9%, bringing their stake to 8,250 shares, valued at approximately $763,000.
• According to recent analyst reports, Copa received multiple upgrades, with a consensus rating of "Buy" and an average price target of $157.83.
• Copa reported earnings of $3.61 per share for the last quarter, surpassing analyst expectations and indicating a 2.8% increase in revenue from the previous year.

Thomas J. Herzfeld Advisors Inc. trimmed its stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 45.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,250 shares of the transportation company's stock after selling 7,000 shares during the quarter. Thomas J. Herzfeld Advisors Inc.'s holdings in Copa were worth $763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CPA. LPL Financial LLC grew its position 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 during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Copa in the 4th quarter worth approximately $225,000. Invesco Ltd. grew its position in shares of Copa by 37.1% in the 4th quarter. Invesco Ltd. now owns 12,276 shares of the transportation company's stock worth $1,079,000 after buying an additional 3,320 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Copa by 17.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,084,323 shares of the transportation company's stock worth $95,290,000 after buying an additional 159,470 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Copa by 8.2% in the 4th quarter. Hsbc Holdings PLC now owns 45,151 shares of the transportation company's stock worth $3,954,000 after buying an additional 3,418 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CPA. Morgan Stanley reiterated an "overweight" rating and issued a $145.00 price objective (up from $125.00) on shares of Copa in a research report on Monday, August 11th. Cowen reiterated a "buy" rating on shares of Copa in a research report on Friday, August 8th. Raymond James Financial reiterated a "strong-buy" rating on shares of Copa in a research report on Friday, August 8th. TD Cowen lifted their price objective on Copa from $144.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded Copa from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $154.40.

Copa Stock Down 2.2%

Shares of CPA traded down $2.69 on Friday, reaching $117.32. The stock had a trading volume of 192,700 shares, compared to its average volume of 364,460. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 1.02 and a beta of 1.39. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04. The company has a 50-day simple moving average of $112.02 and a 200-day simple moving average of $101.91. Copa Holdings, S.A. has a 12-month low of $82.54 and a 12-month high of $121.63.

Copa (NYSE:CPA - Get Free Report) last released its earnings results on Wednesday, August 6th. The transportation company reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.25 by $0.36. The company had revenue of $842.60 million during the quarter, compared to analysts' expectations of $833.12 million. Copa had a return on equity of 26.22% and a net margin of 18.36%.The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.88 EPS. Sell-side analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Friday, August 29th. Copa's dividend payout ratio (DPR) is presently 41.87%.

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.