Zoetis Inc (ZTS) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its position in shares of Zoetis Inc (NYSE:ZTS) by 7.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 128,578 shares of the company’s stock after selling 9,767 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Zoetis were worth $9,263,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Zoetis by 3.8% during the 4th quarter. BlackRock Inc. now owns 38,485,542 shares of the company’s stock valued at $2,772,498,000 after purchasing an additional 1,394,156 shares during the period. Janus Henderson Group PLC increased its position in shares of Zoetis by 1.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,893,853 shares of the company’s stock valued at $375,792,000 after purchasing an additional 84,767 shares during the period. Wells Fargo & Company MN increased its position in shares of Zoetis by 4.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,313,643 shares of the company’s stock valued at $382,795,000 after purchasing an additional 238,061 shares during the period. Polen Capital Management LLC acquired a new position in shares of Zoetis during the 4th quarter valued at $285,967,000. Finally, Legal & General Group Plc increased its position in shares of Zoetis by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 2,400,106 shares of the company’s stock valued at $153,025,000 after purchasing an additional 34,747 shares during the period. Institutional investors own 94.18% of the company’s stock.

A number of equities analysts recently issued reports on the company. BMO Capital Markets set a $78.00 target price on Zoetis and gave the stock a “hold” rating in a report on Thursday, February 15th. Piper Jaffray Companies set a $88.00 target price on Zoetis and gave the stock a “buy” rating in a report on Friday, February 16th. Deutsche Bank lifted their target price on Zoetis from $76.00 to $78.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Cantor Fitzgerald set a $90.00 target price on Zoetis and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $86.00 target price (up from $84.00) on shares of Zoetis in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. Zoetis currently has an average rating of “Buy” and an average price target of $79.83.

Zoetis Inc (ZTS) opened at $80.35 on Wednesday. Zoetis Inc has a twelve month low of $52.25 and a twelve month high of $81.47. The company has a current ratio of 3.85, a quick ratio of 2.55 and a debt-to-equity ratio of 2.77. The firm has a market capitalization of $39,600.00, a price-to-earnings ratio of 36.86, a PEG ratio of 1.80 and a beta of 1.07.

Zoetis (NYSE:ZTS) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. Zoetis had a return on equity of 65.96% and a net margin of 16.28%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. Zoetis’s revenue for the quarter was up 14.3% compared to the same quarter last year. analysts expect that Zoetis Inc will post 3.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, April 20th will be issued a dividend of $0.126 per share. The ex-dividend date is Thursday, April 19th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.63%. Zoetis’s dividend payout ratio is 22.94%.

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Zoetis Profile

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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Institutional Ownership by Quarter for Zoetis (NYSE:ZTS)

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