Wells Fargo & Company MN Grows Holdings in Copa Holdings, S.A. (CPA)
Wells Fargo & Company MN raised its position in Copa Holdings, S.A. (NYSE:CPA) by 5.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 65,480 shares of the transportation company’s stock after acquiring an additional 3,446 shares during the period. Wells Fargo & Company MN owned about 0.15% of Copa Holdings, worth $7,662,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Schroder Investment Management Group bought a new stake in Copa Holdings, in the 2nd quarter valued at approximately $3,235,000. Hosking Partners LLP lifted its stake in Copa Holdings, by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 84,433 shares of the transportation company’s stock valued at $9,879,000 after acquiring an additional 1,323 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Copa Holdings, by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,961,624 shares of the transportation company’s stock valued at $346,511,000 after acquiring an additional 270,954 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in Copa Holdings, by 69.2% in the 2nd quarter. Pinnacle Associates Ltd. now owns 5,259 shares of the transportation company’s stock valued at $615,000 after acquiring an additional 2,150 shares in the last quarter. Finally, Zweig DiMenna Associates LLC bought a new stake in Copa Holdings, in the 2nd quarter valued at approximately $281,000. Hedge funds and other institutional investors own 64.28% of the company’s stock.
Several equities research analysts have commented on the company. BidaskClub cut Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Bank of America Corporation boosted their target price on Copa Holdings, from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research cut Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Deutsche Bank AG restated a “buy” rating and issued a $137.00 target price (up previously from $134.00) on shares of Copa Holdings, in a research note on Tuesday, July 18th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $120.00 target price on shares of Copa Holdings, in a research note on Friday, August 11th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $116.39.
Shares of Copa Holdings, S.A. (CPA) opened at 126.90 on Friday. The stock’s 50 day moving average price is $127.12 and its 200-day moving average price is $120.35. The company has a market cap of $5.38 billion, a PE ratio of 16.35 and a beta of 1.80. Copa Holdings, S.A. has a 52 week low of $83.34 and a 52 week high of $134.25.
Copa Holdings, (NYSE:CPA) last posted its earnings results on Wednesday, August 9th. The transportation company reported $1.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $567.47 million. During the same quarter last year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. Analysts expect that Copa Holdings, S.A. will post $8.51 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Tuesday, August 29th. This is a positive change from Copa Holdings,’s previous quarterly dividend of $0.51. Copa Holdings,’s dividend payout ratio (DPR) is currently 37.93%.
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Copa Holdings, 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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