Global Trust Asset Management LLC Has $71,000 Stake in Cooper Companies Inc (COO)

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Global Trust Asset Management LLC lowered its stake in Cooper Companies Inc (NYSE:COO) by 86.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 279 shares of the medical device company’s stock after selling 1,731 shares during the period. Global Trust Asset Management LLC’s holdings in Cooper Companies were worth $71,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CENTRAL TRUST Co boosted its position in Cooper Companies by 17.1% during the 4th quarter. CENTRAL TRUST Co now owns 513 shares of the medical device company’s stock valued at $131,000 after acquiring an additional 75 shares in the last quarter. Federated Investors Inc. PA boosted its position in Cooper Companies by 785.1% during the 3rd quarter. Federated Investors Inc. PA now owns 243,458 shares of the medical device company’s stock valued at $67,475,000 after acquiring an additional 215,951 shares in the last quarter. Marshall Wace North America L.P. boosted its position in Cooper Companies by 875.3% during the 3rd quarter. Marshall Wace North America L.P. now owns 144,900 shares of the medical device company’s stock valued at $40,159,000 after acquiring an additional 130,043 shares in the last quarter. Vanguard Group Inc boosted its position in Cooper Companies by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 5,041,468 shares of the medical device company’s stock valued at $1,397,243,000 after acquiring an additional 31,280 shares in the last quarter. Finally, Morgan Stanley boosted its position in Cooper Companies by 734.7% during the 3rd quarter. Morgan Stanley now owns 177,658 shares of the medical device company’s stock valued at $49,238,000 after acquiring an additional 156,373 shares in the last quarter.

In other news, Director Allan E. Rubenstein acquired 348 shares of the firm’s stock in a transaction that occurred on Monday, December 10th. The stock was bought at an average cost of $241.59 per share, for a total transaction of $84,073.32. Following the acquisition, the director now directly owns 4,524 shares in the company, valued at $1,092,953.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by insiders.

Several analysts have weighed in on COO shares. Wells Fargo & Co lifted their price objective on Cooper Companies from $290.00 to $295.00 and gave the company an “outperform” rating in a research report on Monday, November 12th. KeyCorp reaffirmed a “buy” rating on shares of Cooper Companies in a research report on Sunday, December 9th. Zacks Investment Research upgraded shares of Cooper Companies from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Oppenheimer set a $282.00 target price on shares of Cooper Companies and gave the company a “hold” rating in a report on Friday, December 7th. Finally, Goldman Sachs Group lowered shares of Cooper Companies from a “neutral” rating to a “sell” rating and lowered their target price for the company from $233.00 to $221.00 in a report on Friday, January 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Cooper Companies presently has an average rating of “Hold” and a consensus target price of $285.56.

COO stock opened at $261.49 on Friday. Cooper Companies Inc has a 52-week low of $216.47 and a 52-week high of $283.18. The company has a market cap of $12.71 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 2.03 and a beta of 0.83. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.60.

Cooper Companies (NYSE:COO) last released its earnings results on Thursday, December 6th. The medical device company reported $2.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.96 by ($0.09). Cooper Companies had a net margin of 5.52% and a return on equity of 17.70%. The business had revenue of $651.50 million for the quarter, compared to analysts’ expectations of $645.25 million. During the same quarter in the previous year, the business posted $2.65 earnings per share. Cooper Companies’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts predict that Cooper Companies Inc will post 11.55 EPS for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, February 8th. Investors of record on Tuesday, January 22nd will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, January 18th. This represents a yield of 0.02%. Cooper Companies’s payout ratio is currently 0.52%.

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About Cooper Companies

The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.

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Institutional Ownership by Quarter for Cooper Companies (NYSE:COO)

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