Summit Global Investments purchased a new stake in shares of Zoetis Inc. (NYSE:ZTS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,899 shares of the company’s stock, valued at approximately $555,000.
Other hedge funds have also recently made changes to their positions in the company. Gladstone Capital Management LLP acquired a new position in shares of Zoetis during the 2nd quarter valued at about $3,134,000. Wells Fargo & Company MN boosted its position in shares of Zoetis by 8.2% during the 2nd quarter. Wells Fargo & Company MN now owns 5,113,948 shares of the company’s stock valued at $319,008,000 after acquiring an additional 389,260 shares during the last quarter. Swiss National Bank boosted its position in shares of Zoetis by 8.1% during the 2nd quarter. Swiss National Bank now owns 1,796,380 shares of the company’s stock valued at $112,058,000 after acquiring an additional 133,900 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in shares of Zoetis by 19.8% during the 1st quarter. Harbour Capital Advisors LLC now owns 20,005 shares of the company’s stock valued at $1,068,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Hermes Investment Management Ltd. boosted its position in shares of Zoetis by 80.3% during the 2nd quarter. Hermes Investment Management Ltd. now owns 236,350 shares of the company’s stock valued at $14,744,000 after acquiring an additional 105,276 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
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Several brokerages have recently weighed in on ZTS. Cantor Fitzgerald reissued a “buy” rating and set a $75.00 price target on shares of Zoetis in a research report on Wednesday, September 6th. Hilliard Lyons began coverage on shares of Zoetis in a research report on Tuesday, June 20th. They set a “buy” rating and a $77.00 price target on the stock. Credit Suisse Group boosted their price target on shares of Zoetis from $61.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, May 24th. Zacks Investment Research cut shares of Zoetis from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $62.00 price target on shares of Zoetis in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Zoetis has a consensus rating of “Buy” and a consensus price target of $65.44.
Shares of Zoetis Inc. (ZTS) remained flat at $65.28 during mid-day trading on Tuesday. The stock had a trading volume of 67,303 shares. The firm has a 50 day moving average price of $61.83 and a 200 day moving average price of $59.09. Zoetis Inc. has a one year low of $46.86 and a one year high of $65.42. The company has a market capitalization of $31.93 billion, a PE ratio of 36.90 and a beta of 1.02.
Zoetis (NYSE:ZTS) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Zoetis had a return on equity of 62.49% and a net margin of 17.50%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. Equities research analysts expect that Zoetis Inc. will post $2.34 EPS for the current fiscal year.
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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