Cullen Capital Management LLC Lowers Stock Position in Copa Holdings, S.A. $CPA

Cullen Capital Management LLC lowered its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 21.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,557 shares of the transportation company’s stock after selling 45,844 shares during the quarter. Cullen Capital Management LLC owned about 0.40% of Copa worth $19,727,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new position in Copa during the fourth quarter valued at $27,000. Empowered Funds LLC purchased a new position in Copa during the fourth quarter valued at $29,000. US Bancorp DE lifted its position in Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after buying an additional 120 shares during the period. Triumph Capital Management purchased a new position in Copa during the third quarter valued at $36,000. Finally, Jones Financial Companies Lllp lifted its position in Copa by 100.0% during the third quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock valued at $43,000 after buying an additional 182 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

CPA has been the subject of several recent research reports. The Goldman Sachs Group raised their price objective on Copa from $138.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, May 15th. UBS Group raised their price objective on Copa from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Barclays lowered their price objective on Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, JPMorgan Chase & Co. raised their price objective on Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Copa currently has a consensus rating of “Buy” and a consensus target price of $167.30.

Copa Price Performance

CPA opened at $141.82 on Friday. The stock has a 50-day moving average price of $126.17 and a 200-day moving average price of $127.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06. The firm has a market cap of $5.83 billion, a PE ratio of 8.27, a P/E/G ratio of 1.11 and a beta of 1.00. Copa Holdings, S.A. has a 1 year low of $99.32 and a 1 year high of $156.41.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.73. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Copa had a return on equity of 26.01% and a net margin of 18.76%.Copa’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.28 EPS. Sell-side analysts predict that Copa Holdings, S.A. will post 15.18 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, May 29th. Copa’s dividend payout ratio (DPR) is presently 39.88%.

Copa Company 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.