Zoetis Inc. (ZTS) Holdings Raised by Russell Investments Group Ltd.
Russell Investments Group Ltd. boosted its holdings in shares of Zoetis Inc. (NYSE:ZTS) by 36.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 953,167 shares of the company’s stock after acquiring an additional 252,553 shares during the quarter. Russell Investments Group Ltd. owned about 0.20% of Zoetis worth $60,763,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Ironwood Investment Management LLC increased its stake in Zoetis by 0.7% during the second quarter. Ironwood Investment Management LLC now owns 6,870 shares of the company’s stock worth $429,000 after acquiring an additional 48 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Zoetis by 1.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,201 shares of the company’s stock worth $262,000 after acquiring an additional 55 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its stake in Zoetis by 1.8% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 5,682 shares of the company’s stock worth $354,000 after acquiring an additional 98 shares during the last quarter. First Manhattan Co. increased its stake in Zoetis by 1.1% during the second quarter. First Manhattan Co. now owns 9,099 shares of the company’s stock worth $567,000 after acquiring an additional 99 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in Zoetis by 1.3% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 7,795 shares of the company’s stock worth $486,000 after acquiring an additional 100 shares during the last quarter. 92.44% of the stock is owned by institutional investors.
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Zoetis Inc. (NYSE ZTS) traded up $0.38 during trading hours on Friday, reaching $70.79. The company had a trading volume of 2,337,803 shares, compared to its average volume of 2,806,257. The stock has a market capitalization of $34,310.00, a price-to-earnings ratio of 32.06, a PEG ratio of 2.04 and a beta of 1.02. Zoetis Inc. has a 52-week low of $48.55 and a 52-week high of $71.12. 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 (NYSE:ZTS) last released its earnings results on Thursday, November 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. The firm 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 was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. equities analysts anticipate that Zoetis Inc. will post 2.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.42 dividend on an annualized basis and a yield of 0.59%. Zoetis’s dividend payout ratio (DPR) is presently 22.11%.
ZTS has been the subject of a number of research reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Zoetis in a research note on Thursday, November 2nd. Cantor Fitzgerald set a $75.00 price objective on Zoetis and gave the company a “buy” rating in a research note on Monday, August 14th. Cowen and Company set a $80.00 price objective on Zoetis and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Zoetis in a research note on Friday, September 1st. Finally, BidaskClub cut Zoetis from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $67.65.
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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