Copa Holdings, S.A. (NYSE:CPA) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its position in Copa Holdings, S.A. (NYSE:CPA) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,062,247 shares of the transportation company’s stock after selling 514,881 shares during the quarter. Baillie Gifford & Co. owned about 0.07% of Copa worth $269,110,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Oldfield Partners LLP boosted its holdings in shares of Copa by 12.2% in the fourth quarter. Oldfield Partners LLP now owns 15,600 shares of the transportation company’s stock valued at $1,371,000 after acquiring an additional 1,700 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Copa by 90.0% in the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 1,288 shares during the period. Carolina Wealth Advisors LLC boosted its holdings in shares of Copa by 2.7% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company’s stock valued at $563,000 after acquiring an additional 166 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Copa during the fourth quarter worth $1,438,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Copa by 14.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 14,850 shares of the transportation company’s stock worth $1,305,000 after purchasing an additional 1,850 shares during the period. 70.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CPA shares. UBS Group increased their price target on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $153.29.

Copa Price Performance

Shares of NYSE CPA opened at $97.71 on Monday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 6.46, a PEG ratio of 0.68 and a beta of 1.44. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The company’s fifty day moving average is $90.06 and its two-hundred day moving average is $92.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, topping the consensus estimate of $3.84 by $0.15. Copa had a net margin of 18.20% and a return on equity of 28.46%. Analysts forecast that Copa Holdings, S.A. will post 14.41 EPS for the current fiscal year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend is Friday, February 28th. Copa’s dividend payout ratio (DPR) is presently 42.59%.

Copa Company Profile

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.