Vontobel Holding Ltd. Sells 5,669 Shares of Copa Holdings, S.A. $CPA

Vontobel Holding Ltd. lessened its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 484,852 shares of the transportation company’s stock after selling 5,669 shares during the period. Vontobel Holding Ltd. owned 1.18% of Copa worth $58,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CPA. Hilton Head Capital Partners LLC bought a new position in shares of Copa during the 4th quarter valued at about $27,000. Empowered Funds LLC bought a new position in shares of Copa during the 4th quarter valued at about $29,000. US Bancorp DE boosted its holdings in shares of Copa by 90.2% during the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 120 shares during the last quarter. Triumph Capital Management bought a new position in shares of Copa during the 3rd quarter valued at about $36,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Copa by 100.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 182 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

Copa Stock Up 2.0%

Shares of NYSE:CPA opened at $141.82 on Friday. 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. The company has a 50-day moving average price of $126.17 and a 200 day moving average price of $127.20. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 1.11 and a beta of 1.00.

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

Copa Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays lowered their price target on shares of Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. JPMorgan Chase & Co. increased their price target on shares of Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Evercore reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Copa in a report on Friday, May 15th. Wall Street Zen raised shares of Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Bank of America lowered their price target on shares of Copa from $212.00 to $171.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. One equities research 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 company’s stock. Based on data from MarketBeat, Copa presently has a consensus rating of “Buy” and a consensus target price of $167.30.

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.