Lumbard & Kellner LLC bought a new stake in Zoetis Inc (NYSE:ZTS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 51,820 shares of the company’s stock, valued at approximately $3,304,000. Zoetis accounts for 1.8% of Lumbard & Kellner LLC’s investment portfolio, making the stock its 23rd biggest position.

A number of other large investors have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Zoetis by 16.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,598 shares of the company’s stock valued at $100,000 after buying an additional 230 shares during the period. Harfst & Associates Inc. raised its holdings in shares of Zoetis by 16.1% in the 2nd quarter. Harfst & Associates Inc. now owns 1,878 shares of the company’s stock valued at $117,000 after buying an additional 260 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in shares of Zoetis by 251.9% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the company’s stock valued at $121,000 after buying an additional 1,360 shares during the period. Almanack Investment Partners LLC. purchased a new stake in shares of Zoetis in the 2nd quarter valued at $119,000. Finally, Peddock Capital Advisors LLC purchased a new stake in shares of Zoetis in the 2nd quarter valued at $140,000. Institutional investors own 93.33% of the company’s stock.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Zoetis from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Thursday, October 12th. Cantor Fitzgerald reiterated a “buy” rating and issued a $75.00 price objective on shares of Zoetis in a report on Wednesday, September 6th. BidaskClub downgraded Zoetis from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Morgan Stanley boosted their price objective on Zoetis from $61.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Finally, Piper Jaffray Companies set a $73.00 price objective on Zoetis and gave the company a “buy” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $68.53.

Zoetis Inc (NYSE ZTS) traded down $0.11 on Tuesday, reaching $71.77. The company had a trading volume of 1,172,500 shares, compared to its average volume of 2,760,692. Zoetis Inc has a 1 year low of $50.57 and a 1 year high of $72.79. The firm has a market cap of $35,026.28, a PE ratio of 32.97, a price-to-earnings-growth ratio of 2.15 and a beta of 1.06. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.80 and a quick ratio of 1.95.

Zoetis (NYSE:ZTS) last released its earnings results on Thursday, November 2nd. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Zoetis had a return on equity of 62.39% and a net margin of 18.29%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm posted $0.52 EPS. Zoetis’s revenue for the quarter was up 8.5% on a year-over-year basis. equities research analysts anticipate that Zoetis Inc will post 2.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 9th were given a dividend of $0.105 per share. The ex-dividend date was Wednesday, November 8th. This represents a $0.42 annualized dividend and a dividend yield of 0.59%. Zoetis’s dividend payout ratio is currently 22.11%.

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Zoetis Company 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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