Wilbanks Smith & Thomas Asset Management LLC decreased its position in shares of Zoetis Inc (NYSE:ZTS) by 26.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,558 shares of the company’s stock after selling 1,599 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Zoetis were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Zoetis in the fourth quarter worth about $108,000. Steward Partners Investment Advisory LLC bought a new position in shares of Zoetis in the third quarter worth about $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Zoetis by 251.9% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the company’s stock worth $121,000 after purchasing an additional 1,360 shares during the last quarter. Shine Investment Advisory Services Inc. grew its holdings in shares of Zoetis by 86.5% in the third quarter. Shine Investment Advisory Services Inc. now owns 2,242 shares of the company’s stock worth $143,000 after purchasing an additional 1,040 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. bought a new position in shares of Zoetis in the third quarter worth about $201,000. Institutional investors and hedge funds own 93.72% of the company’s stock.

A number of research analysts have recently commented on the stock. BMO Capital Markets set a $78.00 price target on shares of Zoetis and gave the stock a “hold” rating in a report on Monday, January 22nd. Piper Jaffray Companies restated a “buy” rating and issued a $86.00 price target on shares of Zoetis in a report on Thursday, January 18th. Jefferies Group restated a “buy” rating and issued a $89.00 price target on shares of Zoetis in a report on Tuesday, January 16th. Zacks Investment Research cut shares of Zoetis from a “hold” rating to a “sell” rating and set a $83.00 price target on the stock. in a report on Saturday, January 13th. Finally, Cantor Fitzgerald set a $85.00 price target on shares of Zoetis and gave the stock a “buy” rating in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. Zoetis currently has a consensus rating of “Buy” and a consensus target price of $73.72.

Zoetis Inc (ZTS) opened at $73.00 on Wednesday. The company has a market cap of $35,664.63, a P/E ratio of 38.55, a P/E/G ratio of 1.61 and a beta of 1.06. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.80 and a quick ratio of 1.95. Zoetis Inc has a 1 year low of $52.00 and a 1 year high of $80.13.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, January 19th will be given a $0.126 dividend. This is a positive change from Zoetis’s previous quarterly dividend of $0.11. This represents a $0.50 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, January 18th. Zoetis’s dividend payout ratio (DPR) is presently 26.32%.

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Zoetis 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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Institutional Ownership by Quarter for Zoetis (NYSE:ZTS)

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