Prudential PLC boosted its position in Zoetis Inc. (NYSE:ZTS) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,389 shares of the company’s stock after purchasing an additional 6,811 shares during the period. Prudential PLC’s holdings in Zoetis were worth $9,319,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in ZTS. BlackRock Inc. lifted its position in Zoetis by 2,471.1% in the first quarter. BlackRock Inc. now owns 36,082,470 shares of the company’s stock valued at $1,925,722,000 after purchasing an additional 34,679,064 shares during the period. Morgan Stanley lifted its position in Zoetis by 182.5% in the first quarter. Morgan Stanley now owns 14,617,205 shares of the company’s stock valued at $780,119,000 after purchasing an additional 9,442,207 shares during the period. Marshall Wace North America L.P. acquired a new stake in Zoetis in the first quarter valued at about $243,854,000. Alliancebernstein L.P. lifted its position in Zoetis by 55.4% in the second quarter. Alliancebernstein L.P. now owns 10,370,388 shares of the company’s stock valued at $646,905,000 after purchasing an additional 3,695,449 shares during the period. Finally, Waddell & Reed Financial Inc. lifted its position in Zoetis by 65.9% in the first quarter. Waddell & Reed Financial Inc. now owns 5,434,371 shares of the company’s stock valued at $290,033,000 after purchasing an additional 2,157,803 shares during the period. Hedge funds and other institutional investors own 93.20% of the company’s stock.
Zoetis Inc. (ZTS) opened at 63.75 on Friday. Zoetis Inc. has a 52 week low of $46.86 and a 52 week high of $65.83. The stock has a market capitalization of $31.18 billion, a PE ratio of 36.04 and a beta of 1.02. The stock’s 50 day moving average is $63.41 and its 200-day moving average is $60.49.
Zoetis (NYSE:ZTS) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. Zoetis had a net margin of 17.50% and a return on equity of 62.49%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business posted $0.49 EPS. Zoetis’s quarterly revenue was up 5.0% on a year-over-year basis. Equities research analysts forecast that Zoetis Inc. will post $2.34 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.42 annualized dividend and a dividend yield of 0.66%. Zoetis’s dividend payout ratio (DPR) is 23.73%.
A number of brokerages recently commented on ZTS. BidaskClub downgraded shares of Zoetis from a “hold” rating to a “sell” rating in a research report on Friday. Cantor Fitzgerald restated a “buy” rating and issued a $75.00 price objective on shares of Zoetis in a research report on Tuesday, September 26th. 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. Piper Jaffray Companies set a $73.00 price target on shares of Zoetis and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, Cowen and Company set a $70.00 price target on shares of Zoetis and gave the company a “buy” rating in a research report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $65.44.
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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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