KBC Group NV cut its holdings in Copa Holdings, S.A. (NYSE:CPA) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,995 shares of the transportation company’s stock after selling 3,955 shares during the quarter. KBC Group NV owned about 0.10% of Copa worth $5,105,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Copa by 19.7% during the first quarter. Geode Capital Management LLC now owns 55,483 shares of the transportation company’s stock worth $6,227,000 after acquiring an additional 9,121 shares during the period. Aperio Group LLC raised its holdings in shares of Copa by 2.8% during the second quarter. Aperio Group LLC now owns 12,189 shares of the transportation company’s stock worth $1,426,000 after acquiring an additional 337 shares during the period. US Bancorp DE increased its stake in Copa by 50.4% in the 2nd quarter. US Bancorp DE now owns 2,220 shares of the transportation company’s stock valued at $260,000 after buying an additional 744 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Copa by 6.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 75,378 shares of the transportation company’s stock valued at $8,825,000 after buying an additional 4,334 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Copa by 360.6% in the 2nd quarter. Sei Investments Co. now owns 94,247 shares of the transportation company’s stock valued at $11,026,000 after buying an additional 73,786 shares during the last quarter. 61.74% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $120.00 price target on shares of Copa in a research note on Friday, August 11th. Zacks Investment Research lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Santander upgraded shares of Copa from an “underperform” rating to a “hold” rating in a research note on Monday. UBS upgraded shares of Copa from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Bank of America lowered their price target on shares of Copa from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Tuesday, September 26th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $129.69.
Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, November 8th. The transportation company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.06. Copa had a net margin of 14.88% and a return on equity of 16.81%. The company had revenue of $657.17 million during the quarter, compared to the consensus estimate of $644.36 million. During the same quarter last year, the firm posted $1.30 EPS. The company’s quarterly revenue was up 15.6% on a year-over-year basis. analysts expect that Copa Holdings, S.A. will post 8.61 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Wednesday, November 29th. Copa’s dividend payout ratio (DPR) is presently 34.84%.
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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