Dimensional Fund Advisors LP Has $95.29 Million Stake in Copa Holdings, S.A. (NYSE:CPA)

Dimensional Fund Advisors LP raised its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,084,323 shares of the transportation company’s stock after buying an additional 159,470 shares during the period. Dimensional Fund Advisors LP owned about 2.58% of Copa worth $95,290,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in shares of Copa by 147.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock valued at $87,000 after buying an additional 591 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Copa in the 4th quarter valued at $225,000. Steward Partners Investment Advisory LLC increased its stake in shares of Copa by 24.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock valued at $236,000 after buying an additional 521 shares during the period. SG Americas Securities LLC increased its stake in shares of Copa by 90.0% in the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock valued at $239,000 after buying an additional 1,288 shares during the period. Finally, Optimist Retirement Group LLC acquired a new stake in shares of Copa in the 3rd quarter valued at $240,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CPA. Cowen reissued a “buy” rating on shares of Copa in a research note on Tuesday, February 18th. UBS Group lifted their price objective on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Copa has an average rating of “Buy” and an average price target of $153.29.

Copa Stock Up 1.6 %

NYSE:CPA opened at $91.94 on Tuesday. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 6.31, a PEG ratio of 0.87 and a beta of 1.11. The stock has a 50-day moving average price of $91.43 and a two-hundred day moving average price of $92.80.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. As a group, equities analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.61 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.00%. Copa’s dividend payout ratio (DPR) is 44.23%.

Copa 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.