Carolina Wealth Advisors LLC Boosts Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

Carolina Wealth Advisors LLC increased its position in Copa Holdings, S.A. (NYSE:CPA) by 2.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,408 shares of the transportation company’s stock after acquiring an additional 166 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Copa were worth $563,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CPA. Bell Investment Advisors Inc lifted its position in Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 143 shares during the last quarter. Legend Financial Advisors Inc. lifted its position in Copa by 5.6% during the fourth quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company’s stock valued at $676,000 after purchasing an additional 406 shares during the last quarter. Quantinno Capital Management LP lifted its position in Copa by 10.3% during the third quarter. Quantinno Capital Management LP now owns 5,219 shares of the transportation company’s stock valued at $490,000 after purchasing an additional 488 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Copa by 15.1% during the second quarter. Bank of New York Mellon Corp now owns 4,336 shares of the transportation company’s stock valued at $413,000 after purchasing an additional 569 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Copa by 29.3% during the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 610 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CPA shares. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. UBS Group boosted their price objective on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Copa presently has a consensus rating of “Buy” and an average target price of $153.29.

Copa Stock Up 0.1 %

Shares of Copa stock opened at $91.89 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99. The company’s fifty day simple moving average is $91.88 and its two-hundred day simple moving average is $92.30. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00.

Copa (NYSE:CPA) last released its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.02. The firm had revenue of $854.71 million for the quarter, compared to the consensus estimate of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.39 EPS. As a group, analysts expect that Copa Holdings, S.A. will post 14.44 EPS for the current year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date of this dividend was Monday, December 2nd. Copa’s dividend payout ratio is presently 42.59%.

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.