Madison Investment Holdings Inc. grew its stake in shares of Zoetis Inc (NYSE:ZTS) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 496,231 shares of the company’s stock after buying an additional 1,095 shares during the period. Madison Investment Holdings Inc. owned 0.10% of Zoetis worth $31,640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation increased its position in shares of Zoetis by 16,720.0% in the third quarter. Zions Bancorporation now owns 10,092 shares of the company’s stock worth $643,000 after purchasing an additional 10,032 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Zoetis by 1.5% in the third quarter. Janus Henderson Group PLC now owns 5,893,853 shares of the company’s stock worth $375,792,000 after purchasing an additional 84,767 shares during the last quarter. Caxton Associates LP bought a new position in shares of Zoetis in the third quarter worth approximately $249,000. Vident Investment Advisory LLC bought a new position in shares of Zoetis in the third quarter worth approximately $559,000. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Zoetis by 1.8% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 433,608 shares of the company’s stock worth $27,647,000 after purchasing an additional 7,748 shares during the last quarter. Hedge funds and other institutional investors own 93.33% of the company’s stock.

ZTS has been the topic of several research analyst reports. Cantor Fitzgerald set a $75.00 price objective on shares of Zoetis and gave the stock a “buy” rating in a research report on Monday, August 14th. Cowen set a $70.00 price objective on shares of Zoetis and gave the stock a “buy” rating in a research report on Thursday, August 24th. Piper Jaffray Companies set a $73.00 price objective on shares of Zoetis and gave the stock a “buy” rating in a research report on Friday, August 25th. Stifel Nicolaus restated a “buy” rating and issued a $65.00 price objective on shares of Zoetis in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of Zoetis from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $68.24.

Shares of Zoetis Inc (NYSE ZTS) traded up $0.24 on Friday, reaching $71.88. The company’s stock had a trading volume of 1,640,004 shares, compared to its average volume of 2,097,440. The stock has a market capitalization of $35,026.26, a price-to-earnings ratio of 32.97, a P/E/G ratio of 2.15 and a beta of 1.06. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.95 and a current ratio of 2.80. Zoetis Inc has a 1-year low of $50.57 and a 1-year high of $72.79.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 9th were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Wednesday, November 8th. 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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