7,505 Shares in Zoetis Inc. (ZTS) Acquired by Dorsey Wright & Associates
Dorsey Wright & Associates purchased a new stake in shares of Zoetis Inc. (NYSE:ZTS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,505 shares of the company’s stock, valued at approximately $479,000.
Several other hedge funds have also recently made changes to their positions in the company. Jarislowsky Fraser Ltd boosted its position in shares of Zoetis by 13.1% during the 3rd quarter. Jarislowsky Fraser Ltd now owns 194,403 shares of the company’s stock valued at $12,395,000 after acquiring an additional 22,500 shares during the last quarter. Sei Investments Co. boosted its position in shares of Zoetis by 2.7% during the 3rd quarter. Sei Investments Co. now owns 750,960 shares of the company’s stock valued at $47,882,000 after acquiring an additional 20,071 shares during the last quarter. HL Financial Services LLC boosted its position in shares of Zoetis by 16.3% during the 3rd quarter. HL Financial Services LLC now owns 63,758 shares of the company’s stock valued at $4,065,000 after acquiring an additional 8,927 shares during the last quarter. FDx Advisors Inc. boosted its position in shares of Zoetis by 1.6% during the 3rd quarter. FDx Advisors Inc. now owns 54,688 shares of the company’s stock valued at $3,487,000 after acquiring an additional 845 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC boosted its position in shares of Zoetis by 12.4% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 11,618 shares of the company’s stock valued at $741,000 after acquiring an additional 1,278 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Zoetis Inc. (ZTS) traded down $0.25 during trading hours on Tuesday, reaching $68.88. 2,747,400 shares of the company’s stock were exchanged, compared to its average volume of 2,817,065. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.80 and a quick ratio of 1.95. The stock has a market capitalization of $33,686.24, a price-to-earnings ratio of 31.71, a PEG ratio of 2.02 and a beta of 1.02. Zoetis Inc. has a one year low of $48.24 and a one year high of $70.48.
Zoetis (NYSE:ZTS) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Zoetis had a net margin of 18.29% and a return on equity of 62.39%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. equities analysts forecast that Zoetis Inc. will post 2.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.105 per share. The ex-dividend date is Wednesday, November 8th. This represents a $0.42 dividend on an annualized basis and a yield of 0.61%. Zoetis’s dividend payout ratio (DPR) is presently 22.11%.
A number of research firms have commented on ZTS. Zacks Investment Research raised shares of Zoetis from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Thursday, October 12th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $75.00 target price on shares of Zoetis in a research report on Wednesday, September 6th. BidaskClub cut shares of Zoetis from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Morgan Stanley upped their target price on shares of Zoetis from $61.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $62.00 target price on shares of Zoetis in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $67.06.
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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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