TD Waterhouse Canada Inc. Takes $760,000 Position in Copa Holdings, S.A. (NYSE:CPA)

TD Waterhouse Canada Inc. acquired a new stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 8,653 shares of the transportation company's stock, valued at approximately $760,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CPA. EverSource Wealth Advisors LLC lifted its holdings in shares of Copa by 147.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock valued at $87,000 after purchasing an additional 591 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Copa in the fourth quarter worth $225,000. Steward Partners Investment Advisory LLC boosted its holdings in Copa by 24.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock worth $236,000 after purchasing an additional 521 shares during the last quarter. SG Americas Securities LLC grew its position in Copa by 90.0% in the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock valued at $239,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Optimist Retirement Group LLC acquired a new stake in Copa in the 3rd quarter valued at $240,000. 70.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group increased their price objective on shares of Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. StockNews.com downgraded Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Cowen reiterated a "buy" rating on shares of Copa in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Copa has an average rating of "Buy" and an average price target of $153.29.

Copa Stock Performance

CPA traded up $0.03 during trading hours on Wednesday, reaching $91.48. The company's stock had a trading volume of 50,064 shares, compared to its average volume of 307,895. The company's 50-day moving average is $91.30 and its 200-day moving average is $92.80. Copa Holdings, S.A. has a 52 week low of $80.01 and a 52 week high of $114.00. The firm has a market cap of $3.85 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 0.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, beating the consensus estimate of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. On average, equities analysts forecast that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date was Friday, February 28th. Copa's dividend payout ratio is presently 44.23%.

About Copa

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.