Zoetis Inc. (ZTS) Stake Boosted by Advisor Group Inc.
Advisor Group Inc. grew its holdings in Zoetis Inc. (NYSE:ZTS) by 10.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,855 shares of the company’s stock after purchasing an additional 1,721 shares during the period. Advisor Group Inc.’s holdings in Zoetis were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in shares of Zoetis by 8.2% in the 2nd quarter. Wells Fargo & Company MN now owns 5,113,948 shares of the company’s stock valued at $319,008,000 after purchasing an additional 389,260 shares during the last quarter. Swiss National Bank lifted its stake in shares of Zoetis by 8.1% in the 2nd quarter. Swiss National Bank now owns 1,796,380 shares of the company’s stock valued at $112,058,000 after purchasing an additional 133,900 shares during the last quarter. Gladstone Capital Management LLP acquired a new position in shares of Zoetis in the 2nd quarter valued at $3,134,000. BlackRock Inc. lifted its stake in shares of Zoetis by 3.9% in the 2nd quarter. BlackRock Inc. now owns 37,495,299 shares of the company’s stock valued at $2,338,957,000 after purchasing an additional 1,412,829 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Zoetis by 13.9% in the 2nd quarter. Victory Capital Management Inc. now owns 277,641 shares of the company’s stock valued at $17,320,000 after purchasing an additional 33,894 shares during the last quarter. 93.20% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the company. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $75.00 price target on shares of Zoetis in a research note on Tuesday. BidaskClub lowered Zoetis from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price target on shares of Zoetis in a research note on Friday, September 1st. Piper Jaffray Companies set a $73.00 price target on Zoetis and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Cowen and Company set a $70.00 price target on Zoetis and gave the company a “buy” rating in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Zoetis currently has an average rating of “Buy” and an average target price of $65.76.
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Shares of Zoetis Inc. (ZTS) opened at 63.76 on Friday. The stock has a market cap of $31.19 billion, a P/E ratio of 36.04 and a beta of 1.02. The firm’s 50-day moving average price is $62.44 and its 200 day moving average price is $59.64. Zoetis Inc. has a one year low of $46.86 and a one year high of $65.83.
Zoetis (NYSE:ZTS) last issued its earnings results on Tuesday, August 8th. The company reported $0.53 earnings per share for the quarter, meeting the Zacks’ 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 quarter last year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts expect that Zoetis Inc. will post $2.34 EPS for the current fiscal year.
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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