Copa Holdings, S.A. (NYSE:CPA) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,959 shares of the transportation company’s stock after acquiring an additional 253 shares during the quarter. Franklin Resources Inc. owned about 0.37% of Copa worth $14,314,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sprucegrove Investment Management Ltd. increased its position in Copa by 8.3% during the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 3,086,189 shares of the transportation company’s stock worth $293,743,000 after purchasing an additional 236,850 shares in the last quarter. Renaissance Technologies LLC grew its stake in Copa by 1.9% during the second quarter. Renaissance Technologies LLC now owns 871,928 shares of the transportation company’s stock worth $82,990,000 after buying an additional 16,100 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Copa by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 829,478 shares of the transportation company’s stock worth $78,950,000 after acquiring an additional 65,525 shares in the last quarter. Carrhae Capital LLP acquired a new stake in shares of Copa in the third quarter worth $52,166,000. Finally, Marathon Asset Management Ltd raised its stake in shares of Copa by 1.7% in the 3rd quarter. Marathon Asset Management Ltd now owns 514,679 shares of the transportation company’s stock valued at $48,297,000 after acquiring an additional 8,524 shares during the period. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CPA shares. JPMorgan Chase & Co. decreased their price target on shares of Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $148.83.

Copa Price Performance

CPA opened at $88.87 on Friday. Copa Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $114.00. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 0.72 and a beta of 1.45. The company has a fifty day simple moving average of $95.84 and a 200 day simple moving average of $93.30.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.48 by $0.02. Copa had a return on equity of 28.46% and a net margin of 18.20%. The company had revenue of $854.71 million during the quarter, compared to the consensus estimate of $864.90 million. During the same period last year, the firm earned $4.39 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. Equities research analysts expect that Copa Holdings, S.A. will post 14.48 EPS for the current fiscal year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.61 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.44 annualized dividend and a yield of 7.25%. Copa’s dividend payout ratio is presently 42.59%.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.