SFE Investment Counsel increased its stake in shares of Zoetis Inc. (NYSE:ZTS) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,851 shares of the company’s stock after acquiring an additional 55 shares during the period. SFE Investment Counsel’s holdings in Zoetis were worth $1,277,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of ZTS. Alliancebernstein L.P. raised its position in Zoetis by 7.1% in the first quarter. Alliancebernstein L.P. now owns 17,823,733 shares of the company’s stock valued at $2,806,882,000 after purchasing an additional 1,178,470 shares during the period. Polen Capital Management LLC boosted its position in shares of Zoetis by 2.2% during the 1st quarter. Polen Capital Management LLC now owns 11,587,601 shares of the company’s stock worth $1,824,815,000 after acquiring an additional 244,701 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Zoetis by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,062,310 shares of the company’s stock worth $1,584,612,000 after acquiring an additional 912,551 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Zoetis by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 7,585,607 shares of the company’s stock valued at $1,191,202,000 after purchasing an additional 55,793 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Zoetis by 4.1% in the 1st quarter. Northern Trust Corp now owns 5,817,979 shares of the company’s stock valued at $916,216,000 after purchasing an additional 228,477 shares during the last quarter. 89.53% of the stock is currently owned by institutional investors.
Shares of ZTS stock traded up $0.82 on Wednesday, hitting $204.37. The company’s stock had a trading volume of 16,145 shares, compared to its average volume of 1,790,607. The company has a debt-to-equity ratio of 1.51, a current ratio of 3.37 and a quick ratio of 2.51. Zoetis Inc. has a fifty-two week low of $141.41 and a fifty-two week high of $210.10. The firm’s fifty day moving average price is $203.07 and its 200-day moving average price is $181.17. The stock has a market capitalization of $96.86 billion, a price-to-earnings ratio of 50.78, a P/E/G ratio of 3.31 and a beta of 0.64.
In other Zoetis news, Director Willie M. Reed sold 1,450 shares of Zoetis stock in a transaction dated Monday, August 23rd. The shares were sold at an average price of $207.10, for a total value of $300,295.00. Following the completion of the sale, the director now owns 5,964 shares in the company, valued at approximately $1,235,144.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Roxanne Lagano sold 22,450 shares of Zoetis stock in a transaction dated Thursday, July 22nd. The stock was sold at an average price of $199.18, for a total transaction of $4,471,591.00. The disclosure for this sale can be found here. Insiders have sold 48,003 shares of company stock worth $9,711,854 over the last quarter. 0.17% of the stock is owned by company insiders.
ZTS has been the subject of a number of analyst reports. Zacks Investment Research raised Zoetis from a “hold” rating to a “buy” rating and set a $186.00 target price for the company in a research note on Tuesday, June 1st. Raymond James lowered Zoetis from an “outperform” rating to a “market perform” rating in a research note on Friday, July 16th. Barclays increased their target price on Zoetis from $208.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 6th. Cantor Fitzgerald increased their target price on Zoetis from $210.00 to $238.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 13th. Finally, Argus increased their target price on Zoetis from $195.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, August 25th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $199.08.
Zoetis Company Profile
Zoetis, Inc discovers, develops, and manufactures a portfolio of animal health medicines and vaccines. The firm operates through the following segments: United States &International. Its products are complemented by diagnostic products, genetic tests, bio devices, and services. These are designed to meet the needs of veterinarians and the livestock farmers and companion animal.
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