Wealth Alliance Increases Stake in The Cooper Companies, Inc. (NYSE:COO)

Wealth Alliance raised its holdings in shares of The Cooper Companies, Inc. (NYSE:COOGet Rating) by 20.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 701 shares of the medical device company’s stock after buying an additional 121 shares during the quarter. Wealth Alliance’s holdings in Cooper Companies were worth $293,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. MAI Capital Management boosted its holdings in Cooper Companies by 0.9% in the fourth quarter. MAI Capital Management now owns 3,236 shares of the medical device company’s stock valued at $1,356,000 after purchasing an additional 28 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Cooper Companies by 12.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 263 shares of the medical device company’s stock valued at $110,000 after purchasing an additional 30 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Cooper Companies by 56.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 97 shares of the medical device company’s stock valued at $41,000 after buying an additional 35 shares during the period. Koshinski Asset Management Inc. grew its position in shares of Cooper Companies by 17.0% during the first quarter. Koshinski Asset Management Inc. now owns 248 shares of the medical device company’s stock worth $104,000 after buying an additional 36 shares in the last quarter. Finally, Greenleaf Trust increased its stake in shares of Cooper Companies by 6.5% during the first quarter. Greenleaf Trust now owns 591 shares of the medical device company’s stock worth $247,000 after buying an additional 36 shares during the period. 98.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on COO. Wells Fargo & Company decreased their price target on shares of Cooper Companies from $380.00 to $370.00 and set an “overweight” rating for the company in a research note on Wednesday, August 10th. KeyCorp lowered their target price on shares of Cooper Companies from $414.00 to $408.00 and set an “overweight” rating for the company in a research note on Friday, June 3rd. Citigroup raised their price target on Cooper Companies from $405.00 to $406.00 and gave the company a “buy” rating in a research note on Monday, June 6th. TheStreet cut Cooper Companies from a “b-” rating to a “c+” rating in a research report on Monday, July 18th. Finally, Robert W. Baird dropped their price objective on Cooper Companies from $437.00 to $392.00 in a report on Thursday, May 26th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $425.67.

Cooper Companies Stock Up 1.2 %

COO opened at $337.27 on Wednesday. The stock has a market capitalization of $16.64 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 2.53 and a beta of 0.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.69 and a current ratio of 1.05. The Cooper Companies, Inc. has a one year low of $284.01 and a one year high of $463.59. The business’s 50-day simple moving average is $316.91 and its 200-day simple moving average is $360.67.

Cooper Companies (NYSE:COOGet Rating) last released its quarterly earnings results on Thursday, June 2nd. The medical device company reported $3.24 EPS for the quarter, missing the consensus estimate of $3.41 by ($0.17). The firm had revenue of $829.80 million for the quarter, compared to analyst estimates of $821.03 million. Cooper Companies had a return on equity of 9.48% and a net margin of 30.20%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the firm earned $3.38 EPS. Analysts anticipate that The Cooper Companies, Inc. will post 13.17 EPS for the current year.

Cooper Companies Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, August 11th. Stockholders of record on Wednesday, July 27th were issued a $0.03 dividend. The ex-dividend date was Tuesday, July 26th. Cooper Companies’s payout ratio is 0.32%.

Cooper Companies Company Profile

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The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment offers spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, myopia, ocular dryness and eye fatigues in the Americas, Europe, Middle East, Africa, and Asia Pacific.

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

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