Lifetime Wealth Management P.C. Sells 9,200 Shares of Copa Holdings, S.A. $CPA

Lifetime Wealth Management P.C. cut its position in Copa Holdings, S.A. (NYSE:CPA) by 33.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,120 shares of the transportation company’s stock after selling 9,200 shares during the quarter. Copa accounts for 1.4% of Lifetime Wealth Management P.C.’s holdings, making the stock its 20th largest holding. Lifetime Wealth Management P.C.’s holdings in Copa were worth $2,389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Copa by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company’s stock worth $158,691,000 after acquiring an additional 52,243 shares in the last quarter. Cullen Capital Management LLC acquired a new position in Copa in the 2nd quarter valued at about $88,871,000. Sei Investments Co. grew its position in Copa by 5.1% in the 1st quarter. Sei Investments Co. now owns 351,310 shares of the transportation company’s stock valued at $39,912,000 after acquiring an additional 17,113 shares in the last quarter. INCA Investments LLC acquired a new position in Copa in the 1st quarter valued at about $26,950,000. Finally, Artemis Investment Management LLP increased its stake in Copa by 64.9% during the third quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company’s stock worth $21,038,000 after purchasing an additional 62,789 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a research note on Tuesday, August 11th. Wall Street Zen downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Raymond James Financial reduced their target price on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a report on Monday, August 24th. One investment 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, the company has a consensus rating of “Buy” and a consensus target price of $172.20.

Copa Price Performance

Shares of NYSE CPA opened at $129.24 on Monday. The stock’s 50-day moving average is $131.74 and its two-hundred day moving average is $133.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97. Copa Holdings, S.A. has a 1-year low of $107.44 and a 1-year high of $160.46. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

Copa (NYSE:CPA) last issued its quarterly earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.21). Copa had a return on equity of 22.40% and a net margin of 15.71%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $3.61 EPS. The firm’s revenue was up 25.7% compared to the same quarter last year. Analysts forecast that Copa Holdings, S.A. will post 14.78 EPS for the current fiscal year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Monday, August 31st. Copa’s dividend payout ratio (DPR) is presently 44.97%.

Copa Company Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, with Tocumen International Airport in Panama City serving as its primary hub.

Copa Airlines operates a network connecting Panama with destinations across North, Central and South America and the Caribbean. Its services support both business and leisure travel, with connecting traffic routed through Panama’s geographic position as a regional aviation hub.

Copa Holdings also has an interest in Wingo, a low-cost airline serving Colombia and other markets in the Americas.