Fiduciary Trust Co. Has $1.41 Million Stake in Zoetis Inc (ZTS)

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Fiduciary Trust Co. grew its position in Zoetis Inc (NYSE:ZTS) by 15.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,546 shares of the company’s stock after buying an additional 2,227 shares during the period. Fiduciary Trust Co.’s holdings in Zoetis were worth $1,410,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ZTS. HL Financial Services LLC grew its stake in shares of Zoetis by 8.2% in the 1st quarter. HL Financial Services LLC now owns 136,761 shares of the company’s stock valued at $11,421,000 after buying an additional 10,333 shares during the period. FDx Advisors Inc. grew its stake in shares of Zoetis by 35.8% in the 1st quarter. FDx Advisors Inc. now owns 92,021 shares of the company’s stock valued at $7,685,000 after buying an additional 24,280 shares during the period. Wells Fargo & Company MN grew its stake in shares of Zoetis by 10.0% in the 1st quarter. Wells Fargo & Company MN now owns 5,845,480 shares of the company’s stock valued at $488,156,000 after buying an additional 531,837 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Zoetis by 26.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 21,320 shares of the company’s stock valued at $1,779,000 after buying an additional 4,492 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in shares of Zoetis by 28.0% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 59,572 shares of the company’s stock valued at $4,805,000 after buying an additional 13,034 shares during the period. 90.45% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Zoetis from $86.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Morgan Stanley increased their price objective on shares of Zoetis from $87.00 to $92.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. BMO Capital Markets reaffirmed a “hold” rating and set a $82.00 price objective on shares of Zoetis in a research report on Thursday, August 2nd. Cantor Fitzgerald set a $98.00 price objective on shares of Zoetis and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, Bank of America increased their price objective on shares of Zoetis from $97.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $89.64.

In other Zoetis news, insider Kristin C. Peck sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Roman Trawicki sold 8,266 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $92.53, for a total transaction of $764,852.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,283 shares of company stock worth $1,366,924. 0.35% of the stock is owned by company insiders.

Zoetis opened at $92.40 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 2.50, a current ratio of 4.38 and a quick ratio of 2.92. The company has a market cap of $44.61 billion, a P/E ratio of 38.50, a P/E/G ratio of 1.90 and a beta of 1.02. Zoetis Inc has a fifty-two week low of $59.64 and a fifty-two week high of $93.67.

Zoetis (NYSE:ZTS) last released its earnings results on Thursday, August 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.06. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.38 billion. Zoetis had a net margin of 19.95% and a return on equity of 72.30%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. equities analysts forecast that Zoetis Inc will post 3.08 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Friday, July 20th will be issued a dividend of $0.126 per share. The ex-dividend date of this dividend is Thursday, July 19th. This represents a $0.50 dividend on an annualized basis and a yield of 0.55%. Zoetis’s dividend payout ratio (DPR) is presently 20.83%.

Zoetis Profile

Zoetis Inc discovers, develops, manufactures, and markets veterinary vaccines and medicines in the United States and internationally. It commercializes products primarily across species, including livestock, such as cattle, swine, poultry, fish, and sheep; and companion animals comprising dogs, cats, and horses.

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Institutional Ownership by Quarter for Zoetis (NYSE:ZTS)

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