Vontobel Holding Ltd. Sells 42,682 Shares of Copa Holdings, S.A. (NYSE:CPA)

Vontobel Holding Ltd. trimmed its position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,906 shares of the transportation company's stock after selling 42,682 shares during the period. Vontobel Holding Ltd. owned approximately 0.89% of Copa worth $33,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bell Investment Advisors Inc boosted its stake in Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock worth $59,000 after buying an additional 143 shares during the period. Carolina Wealth Advisors LLC lifted its holdings in shares of Copa by 2.7% in the 4th quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company's stock worth $563,000 after acquiring an additional 166 shares during the last quarter. Legend Financial Advisors Inc. boosted its stake in shares of Copa by 5.6% during the 4th quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company's stock worth $676,000 after purchasing an additional 406 shares during the period. Quantinno Capital Management LP grew its holdings in Copa by 10.3% during the 3rd quarter. Quantinno Capital Management LP now owns 5,219 shares of the transportation company's stock valued at $490,000 after purchasing an additional 488 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Copa in the 3rd quarter worth about $82,000. 70.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CPA has been the subject of several recent analyst reports. UBS Group boosted their target price on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. StockNews.com downgraded Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $153.29.

Copa Trading Down 0.6 %

NYSE:CPA traded down $0.58 during midday trading on Tuesday, hitting $97.21. The stock had a trading volume of 167,106 shares, compared to its average volume of 295,834. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 0.68 and a beta of 1.44. The stock has a 50-day moving average of $90.26 and a 200 day moving average of $92.28. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56.

Copa (NYSE:CPA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, beating the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 28.46% and a net margin of 18.20%. As a group, sell-side analysts forecast that Copa Holdings, S.A. will post 14.41 EPS for the current year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $1.61 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $6.44 annualized dividend and a dividend yield of 6.63%. Copa's payout ratio is presently 42.59%.

Copa Company Profile

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.