40,873 Shares in Zoetis Inc. (ZTS) Acquired by Exencial Wealth Advisors LLC
Exencial Wealth Advisors LLC bought a new stake in Zoetis Inc. (NYSE:ZTS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 40,873 shares of the company’s stock, valued at approximately $2,550,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ZTS. CGOV Asset Management boosted its stake in Zoetis by 2.7% in the first quarter. CGOV Asset Management now owns 169,605 shares of the company’s stock valued at $12,059,000 after acquiring an additional 4,405 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Zoetis by 46,440.1% in the first quarter. Canada Pension Plan Investment Board now owns 143,809 shares of the company’s stock valued at $7,675,000 after acquiring an additional 143,500 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Zoetis in the first quarter valued at approximately $112,000. Commerzbank Aktiengesellschaft FI boosted its stake in Zoetis by 14.1% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,287 shares of the company’s stock valued at $496,000 after acquiring an additional 1,146 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its stake in Zoetis by 90.8% in the first quarter. State Treasurer State of Michigan now owns 1,391,592 shares of the company’s stock valued at $74,269,000 after acquiring an additional 662,100 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.
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Shares of Zoetis Inc. (ZTS) traded up 0.51% on Wednesday, hitting $63.49. 857,568 shares of the company traded hands. Zoetis Inc. has a 12 month low of $46.86 and a 12 month high of $63.85. The company has a market capitalization of $31.05 billion, a PE ratio of 35.89 and a beta of 1.02. The stock’s 50-day moving average price is $61.72 and its 200-day moving average price is $58.85.
Zoetis (NYSE:ZTS) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Zoetis had a net margin of 17.50% and a return on equity of 62.49%. Zoetis’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. On average, equities analysts predict that Zoetis Inc. will post $2.34 earnings per share for the current year.
Several equities research analysts have weighed in on ZTS shares. Zacks Investment Research downgraded shares of Zoetis from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Hilliard Lyons started coverage on shares of Zoetis in a research note on Tuesday, June 20th. They set a “buy” rating and a $77.00 price objective for the company. Deutsche Bank AG reiterated a “buy” rating and set a $65.00 price objective (up from $62.00) on shares of Zoetis in a research note on Monday, July 17th. Argus reiterated a “buy” rating and set a $69.00 price objective (up from $60.00) on shares of Zoetis in a research note on Tuesday, May 30th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $65.00 price objective on shares of Zoetis in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $65.44.
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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