Vontobel Holding Ltd. Decreases Stake in Copa Holdings, S.A. (NYSE:CPA)

Vontobel Holding Ltd. lessened its stake in Copa Holdings, S.A. (NYSE:CPA) by 37.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,794 shares of the transportation company’s stock after selling 4,056 shares during the quarter. Vontobel Holding Ltd.’s holdings in Copa were worth $722,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Artemis Investment Management LLP purchased a new position in Copa in the fourth quarter valued at about $4,656,000. Hsbc Holdings PLC increased its stake in Copa by 4.3% in the 3rd quarter. Hsbc Holdings PLC now owns 76,336 shares of the transportation company’s stock valued at $6,818,000 after purchasing an additional 3,180 shares in the last quarter. UBS Group AG raised its holdings in Copa by 67.6% during the third quarter. UBS Group AG now owns 36,976 shares of the transportation company’s stock worth $3,295,000 after purchasing an additional 14,920 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Copa by 26.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 94,662 shares of the transportation company’s stock worth $8,436,000 after purchasing an additional 19,518 shares in the last quarter. Finally, Graham Capital Management L.P. grew its holdings in Copa by 103.3% in the third quarter. Graham Capital Management L.P. now owns 11,994 shares of the transportation company’s stock valued at $1,069,000 after purchasing an additional 6,093 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Trading Up 1.7 %

Shares of Copa stock opened at $101.68 on Monday. The business has a 50 day moving average price of $100.81 and a 200 day moving average price of $96.39. The company has a market capitalization of $4.01 billion, a P/E ratio of 7.96, a P/E/G ratio of 0.36 and a beta of 1.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.94 and a quick ratio of 0.86. Copa Holdings, S.A. has a 1 year low of $78.12 and a 1 year high of $121.20.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, February 7th. The transportation company reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.90 by $0.57. The company had revenue of $916.93 million during the quarter, compared to analysts’ expectations of $886.13 million. Copa had a return on equity of 37.03% and a net margin of 14.97%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.49 earnings per share. Sell-side analysts anticipate that Copa Holdings, S.A. will post 16.15 EPS for the current fiscal year.

Copa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $1.61 per share. This is a boost from Copa’s previous quarterly dividend of $0.82. This represents a $6.44 annualized dividend and a dividend yield of 6.33%. The ex-dividend date was Wednesday, February 28th. Copa’s dividend payout ratio (DPR) is currently 50.39%.

Wall Street Analyst Weigh In

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

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.