571,263 Shares in Copa Holdings, S.A. $CPA Bought by Cullen Capital Management LLC

Cullen Capital Management LLC acquired a new stake in Copa Holdings, S.A. (NYSE:CPA) during the second quarter, according to its most recent filing with the SEC. The firm acquired 571,263 shares of the transportation company’s stock, valued at approximately $88,871,000. Cullen Capital Management LLC owned about 1.39% of Copa at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Elevation Wealth Partners LLC raised its position in Copa by 240.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company’s stock worth $26,000 after buying an additional 118 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Copa in the fourth quarter valued at about $27,000. Empowered Funds LLC purchased a new stake in shares of Copa in the fourth quarter valued at about $29,000. US Bancorp DE increased its stake in shares of Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after acquiring an additional 120 shares during the period. Finally, SJS Investment Consulting Inc. increased its stake in shares of Copa by 284.2% during the first quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock worth $33,000 after acquiring an additional 216 shares during the period. 70.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on CPA. Raymond James Financial reduced their price objective on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating for the company in a research report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research report on Tuesday, August 11th. JPMorgan Chase & Co. increased their target price on Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Evercore reissued an “outperform” rating and issued a $175.00 price target on shares of Copa in a report on Friday, May 15th. Finally, UBS Group dropped their price objective on Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Copa presently has a consensus rating of “Buy” and a consensus target price of $172.20.

Copa Trading Up 1.2%

Shares of CPA stock opened at $131.54 on Tuesday. The stock has a market cap of $5.41 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.14 and a beta of 1.01. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Copa Holdings, S.A. has a fifty-two week low of $107.44 and a fifty-two week high of $160.46. The business has a fifty day simple moving average of $143.74 and a 200-day simple moving average of $133.78.

Copa (NYSE:CPA) last released its quarterly earnings data on Saturday, August 8th. The transportation company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.21). Copa had a return on equity of 22.40% and a net margin of 15.71%.The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $3.61 earnings per share. Copa’s quarterly revenue was up 25.7% on a year-over-year basis. On average, analysts forecast that Copa Holdings, S.A. will post 16.05 earnings per share for the current fiscal year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $1.71 per share. The ex-dividend date is Monday, August 31st. This represents a $6.84 dividend on an annualized basis and a yield of 5.2%. Copa’s payout ratio is presently 44.97%.

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.