Neville Rodie & Shaw Inc. boosted its holdings in Zoetis Inc. (NYSE:ZTS) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,519 shares of the company’s stock after acquiring an additional 1,953 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Zoetis were worth $9,087,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in shares of Zoetis by 8.2% during the second quarter. Wells Fargo & Company MN now owns 5,113,948 shares of the company’s stock valued at $319,008,000 after acquiring an additional 389,260 shares during the period. Swiss National Bank increased its stake in shares of Zoetis by 8.1% during the second quarter. Swiss National Bank now owns 1,796,380 shares of the company’s stock valued at $112,058,000 after acquiring an additional 133,900 shares during the period. Gladstone Capital Management LLP acquired a new position in shares of Zoetis during the second quarter valued at approximately $3,134,000. Victory Capital Management Inc. increased its stake in shares of Zoetis by 13.9% during the second quarter. Victory Capital Management Inc. now owns 277,641 shares of the company’s stock valued at $17,320,000 after acquiring an additional 33,894 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Zoetis by 3.9% during the second quarter. BlackRock Inc. now owns 37,495,299 shares of the company’s stock valued at $2,338,957,000 after acquiring an additional 1,412,829 shares during the period. 93.54% of the stock is currently owned by institutional investors.
Zoetis Inc. (NYSE:ZTS) traded up 0.86% on Friday, hitting $64.29. 1,381,405 shares of the stock traded hands. Zoetis Inc. has a 52 week low of $46.86 and a 52 week high of $66.35. The firm’s 50 day moving average is $64.54 and its 200 day moving average is $61.63. The stock has a market cap of $31.44 billion, a price-to-earnings ratio of 36.34 and a beta of 1.02.
Zoetis (NYSE:ZTS) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Zoetis had a return on equity of 62.49% and a net margin of 17.50%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Equities analysts anticipate that Zoetis Inc. will post $2.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Wednesday, November 8th. Zoetis’s dividend payout ratio (DPR) is 23.73%.
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Several research analysts have issued reports on the stock. BMO Capital Markets set a $65.00 price objective on shares of Zoetis and gave the stock a “hold” rating in a research note on Wednesday. BidaskClub lowered shares of Zoetis from a “buy” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus reissued a “buy” rating and set a $65.00 target price on shares of Zoetis in a research note on Tuesday. Cantor Fitzgerald reissued a “buy” rating and set a $75.00 target price on shares of Zoetis in a research note on Tuesday. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $62.00 target price on shares of Zoetis in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $65.76.
Zoetis Inc is engaged in the discovery, development, manufacture and commercialization of animal health medicines and vaccines, with a focus on both livestock and companion animals. The Company has a business, commercializing products across eight core species: cattle, swine, poultry, sheep and fish (collectively, livestock) and dogs, cats and horses (collectively, companion animals), and within five product categories: anti-infectives, vaccines, parasiticides, medicated feed additives and other pharmaceuticals.
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