Patten Group Inc. Reduces Holdings in Zoetis Inc (ZTS)
Patten Group Inc. lessened its stake in shares of Zoetis Inc (NYSE:ZTS) by 95.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73 shares of the company’s stock after selling 1,727 shares during the period. Patten Group Inc.’s holdings in Zoetis were worth $115,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in shares of Zoetis by 1.8% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 5,682 shares of the company’s stock valued at $354,000 after purchasing an additional 98 shares during the last quarter. Scotia Capital Inc. lifted its holdings in shares of Zoetis by 1.5% in the 2nd quarter. Scotia Capital Inc. now owns 9,628 shares of the company’s stock valued at $601,000 after acquiring an additional 142 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Zoetis by 0.7% in the 2nd quarter. Nordea Investment Management AB now owns 24,854 shares of the company’s stock valued at $1,550,000 after acquiring an additional 169 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Zoetis by 1.1% in the 2nd quarter. Moors & Cabot Inc. now owns 14,969 shares of the company’s stock valued at $929,000 after acquiring an additional 170 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Zoetis by 8.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,789 shares of the company’s stock valued at $174,000 after acquiring an additional 219 shares during the last quarter. 93.33% of the stock is owned by institutional investors and hedge funds.
Shares of Zoetis Inc (ZTS) traded up $0.15 during midday trading on Thursday, reaching $72.38. 1,595,000 shares of the company’s stock traded hands, compared to its average volume of 2,752,414. The company has a current ratio of 2.80, a quick ratio of 1.95 and a debt-to-equity ratio of 2.45. The company has a market capitalization of $35,270.00, a P/E ratio of 33.13, a P/E/G ratio of 2.17 and a beta of 1.06. Zoetis Inc has a twelve month low of $50.57 and a twelve month high of $72.99.
Zoetis (NYSE:ZTS) last announced its quarterly earnings data 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 the consensus estimate of $1.32 billion. Zoetis had a net margin of 18.29% and a return on equity of 62.39%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. research analysts predict that Zoetis Inc will post 2.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, January 19th will be paid a $0.126 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $0.50 annualized dividend and a yield of 0.70%. This is an increase from Zoetis’s previous quarterly dividend of $0.11. Zoetis’s dividend payout ratio (DPR) is presently 22.11%.
A number of research analysts recently commented on the stock. Cantor Fitzgerald set a $80.00 price target on shares of Zoetis and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley raised shares of Zoetis from an “equal weight” rating to an “overweight” rating and set a $80.00 price target for the company in a report on Wednesday, November 29th. UBS reaffirmed a “neutral” rating on shares of Zoetis in a report on Friday, November 24th. Cowen set a $80.00 price target on shares of Zoetis and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Zoetis in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. Zoetis has a consensus rating of “Buy” and a consensus target price of $68.53.
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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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