State of New Jersey Common Pension Fund D cut its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 31.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 75,304 shares of the transportation company’s stock after selling 34,554 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Copa Holdings, were worth $8,811,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CPA. JPMorgan Chase & Co. boosted its stake in Copa Holdings, by 33.0% in the first quarter. JPMorgan Chase & Co. now owns 2,690,670 shares of the transportation company’s stock worth $302,027,000 after buying an additional 667,209 shares during the last quarter. Bank of America Corp DE boosted its stake in Copa Holdings, by 910.3% in the first quarter. Bank of America Corp DE now owns 412,596 shares of the transportation company’s stock worth $46,313,000 after buying an additional 371,756 shares during the last quarter. AQR Capital Management LLC boosted its stake in Copa Holdings, by 191.4% in the first quarter. AQR Capital Management LLC now owns 358,832 shares of the transportation company’s stock worth $40,279,000 after buying an additional 235,680 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Copa Holdings, by 895.4% in the first quarter. Principal Financial Group Inc. now owns 255,621 shares of the transportation company’s stock worth $28,693,000 after buying an additional 229,941 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new stake in Copa Holdings, during the first quarter worth about $24,972,000. Institutional investors own 70.37% of the company’s stock.

Copa Holdings, S.A. (NYSE:CPA) opened at 123.85 on Friday. The company’s 50-day moving average price is $124.12 and its 200-day moving average price is $113.42. Copa Holdings, S.A. has a 12-month low of $75.74 and a 12-month high of $133.70. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 16.34 and a beta of 1.80.

Copa Holdings, (NYSE:CPA) last issued its quarterly earnings results on Wednesday, August 9th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.48. Copa Holdings, had a return on equity of 15.23% and a net margin of 14.17%. The business had revenue of $578.10 million for the quarter, compared to analyst estimates of $567.47 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. Equities analysts expect that Copa Holdings, S.A. will post $8.54 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Tuesday, August 29th. This is a positive change from Copa Holdings,’s previous quarterly dividend of $0.51. Copa Holdings,’s dividend payout ratio is 25.79%.

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CPA has been the topic of a number of recent research reports. Zacks Investment Research upgraded Copa Holdings, from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Tuesday, April 18th. ValuEngine upgraded Copa Holdings, from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. Deutsche Bank AG reiterated a “buy” rating and issued a $137.00 target price (up from $134.00) on shares of Copa Holdings, in a research note on Tuesday, July 18th. Finally, BidaskClub upgraded Copa Holdings, from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $108.54.

About Copa Holdings,

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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Institutional Ownership by Quarter for Copa Holdings, (NYSE:CPA)

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