Marshall Financial Group LLC Buys Shares of 5,696 Copa Holdings, S.A. $CPA

Marshall Financial Group LLC bought a new position in Copa Holdings, S.A. (NYSE:CPA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,696 shares of the transportation company’s stock, valued at approximately $687,000.

Other hedge funds have also modified their holdings of the company. CWM LLC boosted its holdings in shares of Copa by 408.2% in the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. US Bancorp DE grew its position in shares of Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after buying an additional 120 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Copa by 271.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after acquiring an additional 190 shares in the last quarter. Marquette Asset Management LLC bought a new position in shares of Copa during the 3rd quarter worth approximately $36,000. Finally, Triumph Capital Management purchased a new stake in Copa during the third quarter valued at approximately $36,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Stock Up 4.1%

CPA stock opened at $113.43 on Tuesday. The stock has a market capitalization of $4.67 billion, a PE ratio of 6.97, a price-to-earnings-growth ratio of 0.80 and a beta of 0.89. Copa Holdings, S.A. has a 52 week low of $82.54 and a 52 week high of $156.41. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $134.16 and a 200 day moving average of $126.20.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.44 by ($0.26). The company had revenue of $962.89 million for the quarter, compared to analyst estimates of $959.22 million. Copa had a net margin of 18.57% and a return on equity of 25.62%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.99 EPS. Sell-side analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Copa’s previous quarterly dividend of $1.61. Copa’s payout ratio is currently 42.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CPA shares. Citigroup lowered their target price on shares of Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Bank of America reduced their price target on Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Barclays raised their price objective on Copa from $150.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Evercore restated an “outperform” rating and set a $185.00 target price on shares of Copa in a research note on Friday, February 13th. Finally, Wall Street Zen lowered Copa from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $166.44.

About Copa

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.