Cullen Capital Management LLC Sells 45,844 Shares of Copa Holdings, S.A. $CPA

Cullen Capital Management LLC trimmed its holdings in Copa Holdings, S.A. (NYSE:CPA) by 21.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 163,557 shares of the transportation company’s stock after selling 45,844 shares during the period. Cullen Capital Management LLC’s holdings in Copa were worth $19,727,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Capital World Investors increased its holdings in Copa by 0.7% in the 4th quarter. Capital World Investors now owns 4,603,671 shares of the transportation company’s stock worth $555,249,000 after buying an additional 30,101 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Copa by 2.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,647,779 shares of the transportation company’s stock worth $198,739,000 after buying an additional 44,834 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Copa by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,344,720 shares of the transportation company’s stock worth $162,185,000 after buying an additional 31,699 shares in the last quarter. Brandes Investment Partners LP increased its holdings in Copa by 3.5% in the 4th quarter. Brandes Investment Partners LP now owns 654,255 shares of the transportation company’s stock worth $78,910,000 after buying an additional 22,126 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Copa by 3.6% in the 3rd quarter. Captrust Financial Advisors now owns 642,777 shares of the transportation company’s stock worth $76,375,000 after buying an additional 22,177 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CPA shares. Barclays reduced their price objective on Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Bank of America reduced their price objective on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Evercore reiterated an “outperform” rating and issued a $175.00 price objective on shares of Copa in a report on Friday, May 15th. Citigroup cut their price target on Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Finally, Wall Street Zen upgraded Copa from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Copa has a consensus rating of “Buy” and an average target price of $167.30.

Copa Trading Up 2.0%

Shares of NYSE:CPA opened at $141.82 on Friday. The stock has a 50 day moving average of $126.17 and a 200 day moving average of $127.20. The company has a market cap of $5.83 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. Copa Holdings, S.A. has a 12-month low of $99.32 and a 12-month high of $156.41.

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

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $1.71 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a yield of 4.8%. Copa’s payout ratio is currently 39.88%.

Copa Company 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.