Dupont Capital Management Corp Invests $291,000 in Zoetis Inc (ZTS) Stock
Dupont Capital Management Corp acquired a new position in shares of Zoetis Inc (NYSE:ZTS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 4,041 shares of the company’s stock, valued at approximately $291,000.
A number of other institutional investors also recently bought and sold shares of ZTS. Bessemer Group Inc. lifted its position in Zoetis by 231,590.8% during the 4th quarter. Bessemer Group Inc. now owns 2,117,654 shares of the company’s stock worth $152,557,000 after acquiring an additional 2,116,740 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Zoetis by 111.3% in the 4th quarter. Acadian Asset Management LLC now owns 1,709,352 shares of the company’s stock valued at $123,143,000 after buying an additional 900,261 shares during the period. Milestone Resources Group Ltd acquired a new stake in shares of Zoetis in the 4th quarter valued at approximately $40,294,000. Boston Advisors LLC lifted its holdings in shares of Zoetis by 378.9% in the 4th quarter. Boston Advisors LLC now owns 392,944 shares of the company’s stock valued at $28,308,000 after buying an additional 310,893 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Zoetis by 36.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 953,167 shares of the company’s stock valued at $60,763,000 after buying an additional 252,553 shares during the period. 93.73% of the stock is owned by institutional investors.
Several analysts have recently commented on the company. Citigroup raised Zoetis from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a report on Thursday, January 4th. Piper Jaffray Companies reissued a “buy” rating and issued a $86.00 price target on shares of Zoetis in a report on Thursday, January 18th. Cantor Fitzgerald reissued a “buy” rating and issued a $75.00 price target on shares of Zoetis in a report on Tuesday, October 24th. BMO Capital Markets reissued a “hold” rating on shares of Zoetis in a report on Monday, January 8th. Finally, Morgan Stanley raised their price target on Zoetis from $61.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $73.72.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, January 19th will be paid a $0.126 dividend. This is an increase from Zoetis’s previous quarterly dividend of $0.11. This represents a $0.50 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, January 18th. Zoetis’s dividend payout ratio (DPR) is presently 26.32%.
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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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