Pictet Asset Management Holding SA Sells 45,068 Shares of Copa Holdings, S.A. $CPA

Pictet Asset Management Holding SA decreased its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 30.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,210 shares of the transportation company’s stock after selling 45,068 shares during the period. Pictet Asset Management Holding SA’s holdings in Copa were worth $12,689,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CPA. CWM LLC grew its holdings in shares of Copa by 408.2% during the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. US Bancorp DE grew its holdings in shares of Copa by 90.2% during the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after purchasing an additional 120 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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 purchasing an additional 190 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in shares of Copa during the 3rd quarter worth $36,000. Finally, Triumph Capital Management acquired a new stake in shares of Copa during the 3rd quarter worth $36,000. Institutional investors own 70.09% of the company’s stock.

Copa Trading Up 0.4%

Shares of Copa stock opened at $116.12 on Friday. The firm has a market capitalization of $4.78 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $120.98 and its 200 day moving average is $125.69. Copa Holdings, S.A. has a 1 year low of $93.33 and a 1 year high of $156.41.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.44 by $0.02. 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 firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.99 EPS. Equities research analysts forecast that Copa Holdings, S.A. will post 14.21 earnings per share for the current fiscal year.

Copa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a dividend of $1.71 per share. This is a boost from Copa’s previous quarterly dividend of $1.61. The ex-dividend date of this dividend was Friday, February 27th. This represents a $6.84 annualized dividend and a dividend yield of 5.9%. Copa’s payout ratio is presently 42.04%.

Wall Street Analyst Weigh In

CPA has been the topic of several analyst reports. Morgan Stanley reissued an “overweight” rating and set a $190.00 target price on shares of Copa in a report on Monday, February 9th. Citigroup reduced their target price on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. JPMorgan Chase & Co. reduced their target price on Copa from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Evercore restated an “outperform” rating and set a $185.00 price objective on shares of Copa in a research report on Friday, February 13th. Finally, The Goldman Sachs Group upgraded Copa from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $151.00 to $138.00 in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $165.00.

Copa Profile

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.