Carolina Wealth Advisors LLC Has $563,000 Stake in Copa Holdings, S.A. (NYSE:CPA)

Carolina Wealth Advisors LLC grew its position in Copa Holdings, S.A. (NYSE:CPA) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,408 shares of the transportation company’s stock after buying an additional 166 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Copa were worth $563,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bell Investment Advisors Inc raised its position in shares of Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after buying an additional 143 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Copa in the 3rd quarter valued at approximately $82,000. Rhumbline Advisers raised its position in shares of Copa by 69,000.0% in the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after buying an additional 1,380 shares in the last quarter. Optimist Retirement Group LLC acquired a new position in shares of Copa in the 3rd quarter valued at approximately $240,000. Finally, Mackenzie Financial Corp grew its holdings in shares of Copa by 29.3% during the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 610 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Stock Up 0.1 %

Shares of NYSE CPA opened at $91.89 on Thursday. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00. The company’s fifty day simple moving average is $91.88 and its 200 day simple moving average is $92.30. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.02. The business had revenue of $854.71 million for the quarter, compared to analyst estimates of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. Copa’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.39 earnings per share. On average, equities analysts predict that Copa Holdings, S.A. will post 14.44 EPS for the current fiscal year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date was Monday, December 2nd. Copa’s dividend payout ratio (DPR) is 42.59%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CPA. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a report on Monday, November 25th. UBS Group boosted their target price on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $153.29.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.