JPMorgan Chase & Co. Has $231 Million Holdings in Copa Holdings, S.A. (NYSE:CPA)

JPMorgan Chase & Co. raised its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,628,609 shares of the transportation company's stock after buying an additional 11,300 shares during the period. JPMorgan Chase & Co. owned 6.25% of Copa worth $231,002,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Copa in the third quarter valued at $82,000. EverSource Wealth Advisors LLC grew its holdings in Copa by 147.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock worth $87,000 after acquiring an additional 591 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Copa by 24.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock worth $236,000 after acquiring an additional 521 shares during the last quarter. SG Americas Securities LLC increased its position in Copa by 90.0% in the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock valued at $239,000 after acquiring an additional 1,288 shares in the last quarter. Finally, Optimist Retirement Group LLC bought a new position in shares of Copa in the third quarter worth about $240,000. 70.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CPA has been the topic of several research analyst reports. StockNews.com cut shares of Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Cowen reiterated a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. Finally, UBS Group boosted their target price on Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $153.29.

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Copa Trading Down 5.0 %

Shares of Copa stock traded down $4.57 on Friday, hitting $86.95. 482,073 shares of the company's stock traded hands, compared to its average volume of 301,804. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. The stock has a market capitalization of $3.66 billion, a PE ratio of 5.97, a price-to-earnings-growth ratio of 0.87 and a beta of 1.11. The firm's 50-day moving average price is $93.52 and its two-hundred day moving average price is $93.56.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, beating analysts' consensus estimates of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. On average, research analysts expect that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.61 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.41%. Copa's dividend payout ratio is 44.23%.

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.