Principal Financial Group Inc. Sells 13,555 Shares of Copa Holdings, S.A. (CPA)

Principal Financial Group Inc. reduced its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 5.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 229,725 shares of the transportation company’s stock after selling 13,555 shares during the quarter. Principal Financial Group Inc. owned about 0.54% of Copa Holdings, worth $28,607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in CPA. Legal & General Group Plc raised its holdings in Copa Holdings, by 486.9% during the 1st quarter. Legal & General Group Plc now owns 8,205 shares of the transportation company’s stock worth $921,000 after purchasing an additional 6,807 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Copa Holdings, by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 685,313 shares of the transportation company’s stock valued at $76,927,000 after acquiring an additional 48,675 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Copa Holdings, by 19.7% in the 1st quarter. Geode Capital Management LLC now owns 55,483 shares of the transportation company’s stock valued at $6,227,000 after acquiring an additional 9,121 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Copa Holdings, by 15.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 88,016 shares of the transportation company’s stock valued at $9,880,000 after acquiring an additional 11,627 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of Copa Holdings, in the 1st quarter valued at about $219,000. 68.49% of the stock is owned by hedge funds and other institutional investors.

Copa Holdings, S.A. (CPA) opened at $131.78 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.05 and a quick ratio of 0.97. Copa Holdings, S.A. has a 12-month low of $87.69 and a 12-month high of $134.25. The stock has a market capitalization of $5,892.67, a P/E ratio of 17.09, a P/E/G ratio of 2.33 and a beta of 1.91.

Copa Holdings, (NYSE:CPA) last issued its quarterly earnings data on Wednesday, November 8th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.06. Copa Holdings, had a return on equity of 16.81% and a net margin of 14.88%. The business had revenue of $657.17 million during the quarter, compared to analyst estimates of $644.36 million. During the same period in the previous year, the firm earned $1.30 EPS. Copa Holdings,’s quarterly revenue was up 15.6% compared to the same quarter last year. research analysts anticipate that Copa Holdings, S.A. will post 8.55 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 2.28%. Copa Holdings,’s dividend payout ratio is presently 34.84%.

CPA has been the subject of a number of recent analyst reports. BidaskClub cut Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Bank of America Corporation upped their price target on Copa Holdings, from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. Cowen and Company upped their price target on Copa Holdings, from $120.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, November 10th. Zacks Investment Research cut Copa Holdings, from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, UBS AG raised Copa Holdings, from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Copa Holdings, has a consensus rating of “Buy” and a consensus target price of $126.07.

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Copa Holdings, Profile

Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.

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Institutional Ownership by Quarter for Copa Holdings, (NYSE:CPA)

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