First Hawaiian Bank Sells 995 Shares of Copa Holdings, S.A. (NYSE:CPA)

First Hawaiian Bank trimmed its position in shares of Copa Holdings, S.A. (NYSE:CPAFree Report) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,065 shares of the transportation company’s stock after selling 995 shares during the quarter. First Hawaiian Bank’s holdings in Copa were worth $857,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CPA. Goldman Sachs Group Inc. lifted its holdings in Copa by 559.6% in the second quarter. Goldman Sachs Group Inc. now owns 546,018 shares of the transportation company’s stock valued at $34,601,000 after buying an additional 463,244 shares during the period. FMR LLC lifted its holdings in Copa by 16.8% in the third quarter. FMR LLC now owns 2,401,935 shares of the transportation company’s stock valued at $214,060,000 after buying an additional 345,757 shares during the period. Millennium Management LLC lifted its holdings in Copa by 67.5% in the fourth quarter. Millennium Management LLC now owns 808,205 shares of the transportation company’s stock valued at $67,218,000 after buying an additional 325,800 shares during the period. Capital World Investors lifted its holdings in Copa by 9.9% in the first quarter. Capital World Investors now owns 3,298,119 shares of the transportation company’s stock valued at $275,855,000 after buying an additional 297,595 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in Copa by 317.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 369,463 shares of the transportation company’s stock valued at $30,728,000 after buying an additional 280,894 shares during the period. 81.94% of the stock is owned by institutional investors.

Copa Stock Up 0.4 %

Copa stock opened at $103.66 on Tuesday. The company has a fifty day simple moving average of $98.39 and a 200 day simple moving average of $94.98. Copa Holdings, S.A. has a 1-year low of $78.12 and a 1-year high of $121.20. The company has a market cap of $4.09 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 0.37 and a beta of 1.38. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58.

Copa (NYSE:CPAGet Free Report) last announced its earnings results on Wednesday, February 7th. The transportation company reported $4.47 EPS for the quarter, topping the consensus estimate of $3.90 by $0.57. The business had revenue of $916.93 million during the quarter, compared to the consensus estimate of $886.13 million. Copa had a net margin of 14.97% and a return on equity of 37.03%. Copa’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.49 EPS. Research analysts anticipate that Copa Holdings, S.A. will post 16.14 earnings per share for the current fiscal year.

Copa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $1.61 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 6.21%. This is an increase from Copa’s previous quarterly dividend of $0.82. Copa’s payout ratio is currently 50.39%.

Analysts Set New Price Targets

CPA has been the topic of several analyst reports. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a report on Monday, February 12th. TheStreet upgraded shares of Copa from a “c+” rating to a “b” rating in a report on Monday, December 18th.

Get Our Latest Stock Analysis on Copa

Copa Company Profile

(Free Report)

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.

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Institutional Ownership by Quarter for Copa (NYSE:CPA)

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