Cullen Capital Management LLC Buys Shares of 571,263 Copa Holdings, S.A. $CPA

Cullen Capital Management LLC bought a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 571,263 shares of the transportation company’s stock, valued at approximately $88,871,000.

A number of other institutional investors also recently made changes to their positions in CPA. Elevation Wealth Partners LLC raised its holdings in shares of Copa by 240.8% in the second quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company’s stock worth $26,000 after acquiring an additional 118 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Copa during the fourth quarter valued at $27,000. Empowered Funds LLC acquired a new stake in shares of Copa during the fourth quarter valued at $29,000. US Bancorp DE increased 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 purchasing an additional 120 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased 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 purchasing an additional 216 shares in the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Stock Performance

Shares of NYSE:CPA opened at $131.54 on Tuesday. The firm has a market capitalization of $5.41 billion, a PE ratio of 8.65, a P/E/G ratio of 1.14 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97. The business has a 50-day moving average of $143.74 and a two-hundred day moving average of $133.78. Copa Holdings, S.A. has a 12 month low of $107.44 and a 12 month high of $160.46.

Copa (NYSE:CPA) last released its quarterly earnings data on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.21). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Copa had a net margin of 15.71% and a return on equity of 22.40%. The business’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.61 earnings per share. As a group, research analysts forecast that Copa Holdings, S.A. will post 16.05 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $1.71 dividend. The ex-dividend date is Monday, August 31st. This represents a $6.84 annualized dividend and a yield of 5.2%. Copa’s dividend payout ratio (DPR) is presently 44.97%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CPA. JPMorgan Chase & Co. boosted their target price on shares of Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Wall Street Zen cut shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. The Goldman Sachs Group lifted their price target on shares of Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, May 15th. UBS Group decreased their target price on shares of Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, Raymond James Financial lowered their target price on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Copa currently has a consensus rating of “Buy” and a consensus target price of $172.20.

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.