Copa Holdings, S.A. (CPA) Shares Bought by JPMorgan Chase & Co.
JPMorgan Chase & Co. boosted its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,961,624 shares of the transportation company’s stock after purchasing an additional 270,954 shares during the period. JPMorgan Chase & Co. owned approximately 6.99% of Copa Holdings, worth $346,511,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. grew its position in Copa Holdings, by 69.2% during the 2nd quarter. Pinnacle Associates Ltd. now owns 5,259 shares of the transportation company’s stock worth $615,000 after purchasing an additional 2,150 shares during the last quarter. Zweig DiMenna Associates LLC purchased a new stake in Copa Holdings, during the 2nd quarter worth approximately $281,000. Federated Investors Inc. PA grew its position in Copa Holdings, by 6.1% during the 2nd quarter. Federated Investors Inc. PA now owns 49,811 shares of the transportation company’s stock worth $5,828,000 after purchasing an additional 2,847 shares during the last quarter. William Blair Investment Management LLC grew its position in Copa Holdings, by 42.8% during the 2nd quarter. William Blair Investment Management LLC now owns 317,709 shares of the transportation company’s stock worth $37,172,000 after purchasing an additional 95,242 shares during the last quarter. Finally, KBC Group NV purchased a new stake in Copa Holdings, during the 2nd quarter worth approximately $5,259,000. 64.30% of the stock is currently owned by institutional investors.
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Several research firms have weighed in on CPA. Deutsche Bank AG reissued a “buy” rating and set a $137.00 target price (up previously from $134.00) on shares of Copa Holdings, in a research report on Tuesday, July 18th. BidaskClub downgraded shares of Copa Holdings, from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. ValuEngine downgraded shares of Copa Holdings, from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Zacks Investment Research raised shares of Copa Holdings, from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research report on Tuesday, July 11th. Finally, Bank of America Corporation boosted their target price on shares of Copa Holdings, from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $110.79.
Copa Holdings, S.A. (NYSE:CPA) opened at 127.08 on Monday. Copa Holdings, S.A. has a 1-year low of $77.03 and a 1-year high of $133.70. The firm has a market capitalization of $5.39 billion, a PE ratio of 16.37 and a beta of 1.81. The company has a 50 day moving average of $125.45 and a 200 day moving average of $116.36.
Copa Holdings, (NYSE:CPA) last released its earnings results on Wednesday, August 9th. The transportation company reported $1.48 EPS for the quarter, meeting analysts’ consensus estimates of $1.48. Copa Holdings, had a return on equity of 14.98% and a net margin of 14.17%. The company had revenue of $578.10 million during the quarter, compared to the consensus estimate of $567.47 million. During the same quarter last year, the company earned $0.51 earnings per share. Copa Holdings,’s quarterly revenue was up 16.9% compared to the same quarter last year. Analysts forecast that Copa Holdings, S.A. will post $8.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a yield of 2.36%. This is an increase from Copa Holdings,’s previous quarterly dividend of $0.51. Copa Holdings,’s dividend payout ratio (DPR) is 37.93%.
Copa Holdings, Company Profile
Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
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