Employees Retirement System of Texas grew its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,000 shares of the transportation company’s stock after acquiring an additional 10,000 shares during the period. Employees Retirement System of Texas owned about 0.22% of Copa worth $13,272,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of CPA. Ameriprise Financial Inc. raised its stake in shares of Copa by 4.8% during the second quarter. Ameriprise Financial Inc. now owns 31,420 shares of the transportation company’s stock valued at $3,676,000 after acquiring an additional 1,425 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Copa by 13.4% during the second quarter. Royal Bank of Canada now owns 32,422 shares of the transportation company’s stock valued at $3,793,000 after acquiring an additional 3,822 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Copa during the second quarter valued at about $1,193,000. Meeder Asset Management Inc. bought a new position in shares of Copa during the third quarter valued at about $498,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Copa during the third quarter valued at about $461,000. 64.92% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently commented on CPA. Zacks Investment Research downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Stifel Nicolaus increased their price target on shares of Copa from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. Santander raised shares of Copa from an “underperform” rating to a “hold” rating in a research note on Monday, December 4th. Cowen reissued a “hold” rating and issued a $137.00 price target on shares of Copa in a research note on Tuesday, January 9th. Finally, UBS Group set a $121.00 price target on shares of Copa and gave the stock a “sell” rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $145.38.
Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, February 21st. The transportation company reported $2.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.33 by $0.03. The business had revenue of $675.58 million for the quarter, compared to analysts’ expectations of $666.96 million. Copa had a net margin of 14.64% and a return on equity of 18.25%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.26 earnings per share. equities research analysts anticipate that Copa Holdings, S.A. will post 10.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Friday, March 2nd. This is a boost from Copa’s previous quarterly dividend of $0.75. Copa’s dividend payout ratio is 39.91%.
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Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
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