Invesco Ltd. Buys 3,320 Shares of Copa Holdings, S.A. (NYSE:CPA)

Invesco Ltd. increased its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 37.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,276 shares of the transportation company’s stock after acquiring an additional 3,320 shares during the quarter. Invesco Ltd.’s holdings in Copa were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of Copa by 147.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock worth $87,000 after purchasing an additional 591 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Copa in the 4th quarter worth approximately $225,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Copa by 24.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock valued at $236,000 after purchasing an additional 521 shares during the period. SG Americas Securities LLC boosted its position in shares of Copa by 90.0% during the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock valued at $239,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. purchased a new stake in Copa in the fourth quarter worth $241,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group boosted their target price on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Cowen restated a “buy” rating on shares of Copa in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Copa presently has an average rating of “Buy” and a consensus target price of $153.29.

Copa Stock Performance

NYSE CPA opened at $92.75 on Friday. The business’s 50 day moving average is $91.20 and its two-hundred day moving average is $92.76. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 0.87 and a beta of 1.11. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60.

Copa (NYSE:CPA) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, topping the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. Research analysts expect that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 annualized dividend and a yield of 6.94%. Copa’s dividend payout ratio (DPR) is 44.23%.

About Copa

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.