First Hawaiian Bank Has $521,000 Stock Position in Copa Holdings, S.A. (NYSE:CPA)

First Hawaiian Bank cut its stake in Copa Holdings, S.A. (NYSE:CPA) by 38.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the transportation company’s stock after selling 3,065 shares during the period. First Hawaiian Bank’s holdings in Copa were worth $521,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CPA. TFO Wealth Partners LLC raised its stake in Copa by 34,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock worth $37,000 after buying an additional 343 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of Copa in the 4th quarter worth about $47,000. Hexagon Capital Partners LLC lifted its stake in shares of Copa by 224.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 674 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 466 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Copa by 45.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company’s stock valued at $198,000 after purchasing an additional 584 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. grew its stake in Copa by 0.4% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 192,175 shares of the transportation company’s stock worth $20,430,000 after purchasing an additional 725 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

Shares of CPA stock opened at $94.09 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $99.81 and a two-hundred day simple moving average of $100.18. The firm has a market capitalization of $3.71 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 0.21 and a beta of 1.48. Copa Holdings, S.A. has a 12 month low of $78.12 and a 12 month high of $121.20.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, May 15th. The transportation company reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.92. Copa had a return on equity of 36.59% and a net margin of 16.42%. The business had revenue of $893.47 million during the quarter, compared to the consensus estimate of $866.73 million. During the same quarter in the previous year, the business earned $3.99 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts forecast that Copa Holdings, S.A. will post 16.66 EPS for the current fiscal year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date was Friday, May 31st. Copa’s payout ratio is currently 46.33%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Evercore ISI boosted their price target on Copa from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Morgan Stanley assumed coverage on shares of Copa in a research note on Friday, May 24th. They issued an “overweight” rating and a $140.00 price objective for the company. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Wednesday. TD Cowen decreased their price target on shares of Copa from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Raymond James increased their price objective on shares of Copa from $165.00 to $168.00 and gave the stock a “strong-buy” rating in a research report on Friday, May 17th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $154.67.

About Copa

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.