Brandes Investment Partners LP Has $78.91 Million Position in Copa Holdings, S.A. $CPA

Brandes Investment Partners LP raised its holdings in Copa Holdings, S.A. (NYSE:CPA) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 654,255 shares of the transportation company’s stock after buying an additional 22,126 shares during the period. Brandes Investment Partners LP’s holdings in Copa were worth $78,910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPA. Hilton Head Capital Partners LLC acquired a new stake in Copa in the 4th quarter valued at $27,000. US Bancorp DE increased its stake in Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after buying an additional 120 shares during the last quarter. Triumph Capital Management acquired a new stake in Copa in the 3rd quarter valued at $36,000. Jones Financial Companies Lllp increased its stake in Copa by 100.0% in the 3rd 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 last quarter. Finally, Advisory Services Network LLC acquired a new stake in Copa in the 3rd quarter valued at $50,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Bank of America lowered their price target on shares of Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. JPMorgan Chase & Co. increased their price objective on Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. The Goldman Sachs Group increased their price objective on Copa from $138.00 to $156.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Evercore reissued an “outperform” rating and issued a $175.00 price objective on shares of Copa in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $167.30.

Copa Stock Performance

Shares of CPA opened at $134.96 on Wednesday. The firm has a 50-day moving average of $124.78 and a 200-day moving average of $126.82. Copa Holdings, S.A. has a one year low of $99.32 and a one year high of $156.41. The company has a market cap of $5.55 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $4.28 EPS. The company’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, equities analysts forecast that Copa Holdings, S.A. will post 15.18 earnings per share for the current year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, May 29th. Copa’s dividend payout ratio (DPR) is 39.88%.

About Copa

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.