Vontobel Holding Ltd. Boosts Holdings in Copa Holdings, S.A. $CPA

Vontobel Holding Ltd. raised its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 16.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 552,249 shares of the transportation company's stock after buying an additional 78,687 shares during the period. Vontobel Holding Ltd. owned about 1.34% of Copa worth $60,731,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CPA. Signet Financial Management LLC increased its holdings in shares of Copa by 14.3% in the 1st quarter. Signet Financial Management LLC now owns 2,635 shares of the transportation company's stock worth $244,000 after buying an additional 329 shares during the last quarter. CWA Asset Management Group LLC increased its holdings in shares of Copa by 29.5% in the 1st quarter. CWA Asset Management Group LLC now owns 10,512 shares of the transportation company's stock worth $972,000 after buying an additional 2,396 shares during the last quarter. Total Wealth Planning & Management Inc. increased its holdings in shares of Copa by 52.4% in the 1st quarter. Total Wealth Planning & Management Inc. now owns 4,233 shares of the transportation company's stock worth $391,000 after buying an additional 1,456 shares during the last quarter. Trek Financial LLC bought a new position in shares of Copa in the 1st quarter worth $5,216,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Copa by 2,813.9% in the 1st 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 during the last quarter. Institutional investors own 70.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CPA. Raymond James Financial reissued a "strong-buy" rating on shares of Copa in a report on Friday, August 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Copa in a report on Wednesday. TD Cowen increased their target price on shares of Copa from $144.00 to $147.00 and gave the company a "buy" rating in a report on Friday, August 8th. Evercore ISI increased their target price on shares of Copa from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Monday, September 29th. Finally, Cowen reaffirmed a "buy" rating on shares of Copa in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $155.33.

Copa Trading Up 3.5%

NYSE:CPA opened at $124.73 on Thursday. The company has a 50-day moving average price of $117.14 and a 200-day moving average price of $106.46. Copa Holdings, S.A. has a 12 month low of $82.54 and a 12 month high of $124.81. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 1.05 and a beta of 1.30.

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

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $1.61 dividend. The ex-dividend date was Friday, August 29th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 5.2%. Copa's payout ratio is currently 41.87%.

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.

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