First Trust Advisors LP Has $8.86 Million Position in Zoetis Inc (ZTS)
First Trust Advisors LP reduced its stake in shares of Zoetis Inc (NYSE:ZTS) by 38.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,911 shares of the company’s stock after selling 77,557 shares during the quarter. First Trust Advisors LP’s holdings in Zoetis were worth $8,855,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its stake in shares of Zoetis by 112.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 453,453 shares of the company’s stock worth $32,667,000 after purchasing an additional 240,069 shares during the last quarter. Barings LLC lifted its stake in shares of Zoetis by 54.7% during the 4th quarter. Barings LLC now owns 163,693 shares of the company’s stock worth $11,792,000 after purchasing an additional 57,883 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in shares of Zoetis by 3.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 47,175 shares of the company’s stock worth $3,398,000 after purchasing an additional 1,600 shares during the last quarter. ProVise Management Group LLC lifted its stake in shares of Zoetis by 13.5% during the 4th quarter. ProVise Management Group LLC now owns 9,283 shares of the company’s stock worth $668,000 after purchasing an additional 1,104 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of Zoetis by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 4,550 shares of the company’s stock worth $327,000 after purchasing an additional 715 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.
In other news, insider Heidi C. Chen sold 37,453 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $81.02, for a total value of $3,034,442.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Roxanne Lagano sold 35,663 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $81.02, for a total value of $2,889,416.26. Following the completion of the transaction, the executive vice president now owns 49,919 shares of the company’s stock, valued at $4,044,437.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,001 shares of company stock valued at $7,882,428. Company insiders own 0.31% of the company’s stock.
Zoetis Inc (NYSE:ZTS) opened at $81.28 on Friday. Zoetis Inc has a 12 month low of $52.25 and a 12 month high of $83.46. The stock has a market capitalization of $39,610.00, a PE ratio of 37.28, a PEG ratio of 1.81 and a beta of 0.97. The company has a quick ratio of 2.55, a current ratio of 3.85 and a debt-to-equity ratio of 2.77.
Zoetis (NYSE:ZTS) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. Zoetis had a return on equity of 65.96% and a net margin of 16.28%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. research analysts anticipate that Zoetis Inc will post 3.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, April 20th will be paid a $0.126 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, April 19th. Zoetis’s payout ratio is 22.94%.
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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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