LPL Financial LLC Grows Stake in Copa Holdings, S.A. (NYSE:CPA)

LPL Financial LLC boosted its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,204 shares of the transportation company’s stock after buying an additional 132 shares during the quarter. LPL Financial LLC’s holdings in Copa were worth $282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPA. Carolina Wealth Advisors LLC increased its stake in shares of Copa by 2.7% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company’s stock worth $563,000 after purchasing an additional 166 shares in the last quarter. Privium Fund Management UK Ltd boosted its holdings in Copa by 2.6% in the 4th quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company’s stock worth $624,000 after buying an additional 178 shares during the period. Legend Financial Advisors Inc. increased its stake in Copa by 5.6% in the 4th quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company’s stock worth $676,000 after buying an additional 406 shares in the last quarter. Steward Partners Investment Advisory LLC raised 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 valued at $236,000 after acquiring an additional 521 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position 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 acquiring an additional 591 shares in the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CPA. UBS Group lifted their target price on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Cowen reiterated a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. One investment 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $153.29.

Copa Price Performance

Copa stock opened at $91.94 on Tuesday. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 6.31, a PEG ratio of 0.87 and a beta of 1.11. The firm’s fifty day moving average is $91.43 and its 200 day moving average is $92.80. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, beating analysts’ consensus estimates of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. Sell-side analysts forecast that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date of this dividend was Friday, February 28th. Copa’s dividend payout ratio (DPR) is 44.23%.

Copa Profile

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.