Northwestern Mutual Wealth Management Co. Purchases 258,652 Shares of Copa Holdings, S.A. $CPA

Northwestern Mutual Wealth Management Co. raised its position in Copa Holdings, S.A. (NYSE:CPA) by 1,361,326.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 258,671 shares of the transportation company’s stock after acquiring an additional 258,652 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Copa were worth $31,198,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cullen Capital Management LLC lifted its holdings in Copa by 13.7% in the third quarter. Cullen Capital Management LLC now owns 209,401 shares of the transportation company’s stock valued at $24,881,000 after acquiring an additional 25,173 shares during the period. Carrera Capital Advisors bought a new position in Copa in the third quarter valued at about $4,363,000. GSA Capital Partners LLP lifted its holdings in Copa by 657.8% in the third quarter. GSA Capital Partners LLP now owns 19,786 shares of the transportation company’s stock valued at $2,351,000 after acquiring an additional 17,175 shares during the period. Capital World Investors lifted its holdings in Copa by 0.9% in the third quarter. Capital World Investors now owns 4,573,570 shares of the transportation company’s stock valued at $543,432,000 after acquiring an additional 40,285 shares during the period. Finally, Aptus Capital Advisors LLC lifted its holdings in Copa by 14.9% in the third quarter. Aptus Capital Advisors LLC now owns 65,537 shares of the transportation company’s stock valued at $7,787,000 after acquiring an additional 8,510 shares during the period. Institutional investors own 70.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CPA shares. JPMorgan Chase & Co. lowered 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. Citigroup lowered 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. Barclays lowered their price objective on Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Finally, UBS Group lowered their price objective on Copa from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $165.80.

Copa Stock Up 1.6%

CPA stock opened at $133.77 on Tuesday. Copa Holdings, S.A. has a twelve month low of $99.32 and a twelve month high of $156.41. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. The stock has a market cap of $5.50 billion, a P/E ratio of 7.80, a PEG ratio of 1.05 and a beta of 0.94. The business’s 50-day moving average price is $117.88 and its 200-day moving average price is $125.49.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. Copa had a return on equity of 26.01% and a net margin of 18.76%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm earned $4.28 EPS. The business’s quarterly revenue was up 17.0% on a year-over-year basis. On average, equities research analysts forecast that Copa Holdings, S.A. will post 15.29 EPS for the current year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, May 29th. Copa’s payout ratio is presently 39.88%.

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.