Cullen Capital Management LLC Acquires 25,173 Shares of Copa Holdings, S.A. $CPA

Cullen Capital Management LLC grew its holdings in Copa Holdings, S.A. (NYSE:CPA) by 13.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 209,401 shares of the transportation company’s stock after acquiring an additional 25,173 shares during the quarter. Cullen Capital Management LLC owned 0.51% of Copa worth $24,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CWM LLC raised its stake in Copa by 408.2% during the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Copa by 271.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after purchasing an additional 190 shares during the period. Marquette Asset Management LLC acquired a new position in shares of Copa during the third quarter valued at about $36,000. Jones Financial Companies Lllp lifted its stake in shares of Copa by 100.0% in the third quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock valued at $43,000 after buying an additional 182 shares during the period. Finally, Richardson Financial Services Inc. grew its position in Copa by 121.2% during the third quarter. Richardson Financial Services Inc. now owns 480 shares of the transportation company’s stock worth $57,000 after buying an additional 263 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.

Analyst Ratings Changes

CPA has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Itau BBA Securities initiated coverage on Copa in a research note on Sunday, November 30th. They issued a “market perform” rating for the company. Wall Street Zen downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Raymond James Financial set a $164.00 price objective on shares of Copa and gave the company a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $156.00.

Copa Stock Up 0.7%

Shares of NYSE CPA opened at $146.71 on Thursday. Copa Holdings, S.A. has a 52-week low of $82.54 and a 52-week high of $147.66. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.06. The business has a fifty day moving average of $126.27 and a two-hundred day moving average of $121.63. The stock has a market cap of $6.04 billion, a PE ratio of 9.12, a PEG ratio of 1.65 and a beta of 0.92.

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

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $1.61 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $6.44 annualized dividend and a dividend yield of 4.4%. Copa’s dividend payout ratio (DPR) is presently 40.05%.

Copa 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.