Migdal Insurance & Financial Holdings Ltd. Has $103,000 Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 1,778.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 958 shares of the transportation company’s stock after buying an additional 907 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Copa were worth $103,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Copa by 2.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,925 shares of the transportation company’s stock valued at $362,000 after purchasing an additional 110 shares during the period. Advisor Group Holdings Inc. lifted its stake in shares of Copa by 16.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,083 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 151 shares during the period. VELA Investment Management LLC lifted its stake in shares of Copa by 1.4% in the 3rd quarter. VELA Investment Management LLC now owns 13,959 shares of the transportation company’s stock valued at $1,244,000 after purchasing an additional 195 shares during the period. Cable Hill Partners LLC lifted its stake in shares of Copa by 9.3% in the 3rd quarter. Cable Hill Partners LLC now owns 3,332 shares of the transportation company’s stock valued at $297,000 after purchasing an additional 283 shares during the period. Finally, State of Wyoming acquired a new position in shares of Copa in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Monday, February 12th.

Copa Stock Performance

CPA stock opened at $99.94 on Friday. The company has a market cap of $3.94 billion, a P/E ratio of 7.82, a price-to-earnings-growth ratio of 0.35 and a beta of 1.39. Copa Holdings, S.A. has a twelve month low of $78.12 and a twelve month high of $121.20. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.58. The business’s fifty day moving average is $100.76 and its 200-day moving average is $96.12.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $4.47 EPS for the quarter, topping the consensus estimate of $3.90 by $0.57. The business had revenue of $916.93 million for the quarter, compared to the consensus estimate of $886.13 million. Copa had a return on equity of 37.03% and a net margin of 14.97%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.49 EPS. Equities research analysts forecast that Copa Holdings, S.A. will post 16.15 EPS for the current year.

Copa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from Copa’s previous quarterly dividend of $0.82. Copa’s dividend payout ratio (DPR) is presently 50.39%.

Copa Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.