Klein Pavlis & Peasley Financial Inc. Purchases New Stake in Copa Holdings, S.A. $CPA

Klein Pavlis & Peasley Financial Inc. acquired a new position in Copa Holdings, S.A. (NYSE:CPA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,349 shares of the transportation company’s stock, valued at approximately $873,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in shares of Copa by 56.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock worth $31,488,000 after purchasing an additional 122,413 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Copa during the second quarter worth about $12,875,000. BNP Paribas Financial Markets grew its position in Copa by 185,488.3% during the second quarter. BNP Paribas Financial Markets now owns 111,353 shares of the transportation company’s stock worth $12,245,000 after buying an additional 111,293 shares during the period. Cullen Capital Management LLC grew its position in Copa by 111.1% during the second quarter. Cullen Capital Management LLC now owns 184,228 shares of the transportation company’s stock worth $20,260,000 after buying an additional 96,968 shares during the period. Finally, Kingstone Capital Partners Texas LLC purchased a new position in Copa in the second quarter valued at about $9,392,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CPA. JPMorgan Chase & Co. lowered their price target on Copa from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. Wall Street Zen downgraded Copa from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 4th. Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research report on Wednesday, October 8th. Raymond James Financial set a $164.00 price objective on shares of Copa and gave the stock a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Itau BBA Securities began coverage on shares of Copa in a research note on Sunday, November 30th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $156.00.

Copa Price Performance

Copa stock opened at $131.69 on Friday. Copa Holdings, S.A. has a 12-month low of $82.54 and a 12-month high of $133.00. The firm’s 50-day moving average is $122.52 and its two-hundred day moving average is $119.16. The stock has a market capitalization of $5.42 billion, a P/E ratio of 8.19, a P/E/G ratio of 1.46 and a beta of 0.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.06 and a quick ratio of 0.95.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, November 19th. The transportation company reported $4.20 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.17. Copa had a net margin of 18.83% and a return on equity of 26.39%. The company had revenue of $913.15 million during the quarter, compared to the consensus estimate of $917.51 million. During the same quarter in the prior year, the company posted $3.50 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, December 1st. Copa’s dividend payout ratio (DPR) is 40.05%.

Copa Company Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.