Journey Advisory Group LLC Makes New $3.42 Million Investment in Copa Holdings, S.A. $CPA

Journey Advisory Group LLC bought a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,065 shares of the transportation company’s stock, valued at approximately $3,416,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC bought a new stake in shares of Copa during the 4th quarter worth $27,000. Empowered Funds LLC bought a new position in Copa in the 4th quarter worth $29,000. US Bancorp DE lifted its position in Copa by 90.2% during the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after acquiring an additional 120 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in Copa by 284.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock worth $33,000 after acquiring an additional 216 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in Copa during the third quarter valued at about $36,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Stock Performance

NYSE:CPA opened at $147.19 on Thursday. The firm’s 50-day moving average is $141.32 and its 200-day moving average is $132.28. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.16. Copa Holdings, S.A. has a 52-week low of $106.56 and a 52-week high of $160.46.

Copa (NYSE:CPA) last released its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company earned $4.28 earnings per share. The firm’s revenue was up 17.0% on a year-over-year basis. Equities research analysts anticipate that Copa Holdings, S.A. will post 16.6 earnings per share for the current year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $1.71 dividend. The ex-dividend date was Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.6%. Copa’s dividend payout ratio (DPR) is currently 39.88%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CPA shares. Barclays lowered their price target on Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. UBS Group increased their target price on Copa from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. The Goldman Sachs Group lifted their price target on Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Jefferies Financial Group started coverage on Copa in a research report on Thursday, June 18th. They issued a “buy” rating and a $185.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Copa currently has a consensus rating of “Buy” and a consensus price target of $171.73.

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.