Shares of Zoetis Inc. (NYSE:ZTS) have been given an average rating of “Buy” by the fifteen brokerages that are covering the firm. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $55.46.
ZTS has been the subject of a number of research reports. Jefferies Group restated a “buy” rating and set a $60.00 target price on shares of Zoetis in a research report on Wednesday, September 14th. Bank of America Corp. began coverage on shares of Zoetis in a research report on Thursday, September 29th. They issued a “buy” rating and a $60.00 price objective for the company. Zacks Investment Research downgraded shares of Zoetis from a “hold” rating to a “sell” rating in a research report on Thursday. Guggenheim reiterated a “positive” rating and issued a $60.00 price objective on shares of Zoetis in a research report on Monday, August 22nd. Finally, Citigroup Inc. upped their price objective on shares of Zoetis from $50.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th.
In other news, Director Michael B. Mccallister purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was acquired at an average price of $51.34 per share, with a total value of $102,680.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andrew Fenton sold 13,870 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $51.25, for a total transaction of $710,837.50. Following the completion of the sale, the insider now directly owns 17,719 shares of the company’s stock, valued at approximately $908,098.75. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of ZTS. Massachusetts Financial Services Co. MA boosted its stake in Zoetis by 114.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,738,248 shares of the company’s stock valued at $414,717,000 after buying an additional 4,656,765 shares during the period. Alliancebernstein L.P. boosted its stake in Zoetis by 49.9% in the second quarter. Alliancebernstein L.P. now owns 7,634,826 shares of the company’s stock valued at $362,349,000 after buying an additional 2,542,023 shares during the period. Vanguard Group Inc. boosted its stake in Zoetis by 6.5% in the second quarter. Vanguard Group Inc. now owns 29,819,968 shares of the company’s stock valued at $1,415,256,000 after buying an additional 1,812,428 shares during the period. Marsico Capital Management LLC boosted its stake in Zoetis by 321.7% in the second quarter. Marsico Capital Management LLC now owns 2,106,745 shares of the company’s stock valued at $99,986,000 after buying an additional 1,607,218 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new stake in Zoetis during the second quarter valued at $69,154,000. 93.12% of the stock is owned by institutional investors and hedge funds.
Zoetis (NYSE:ZTS) opened at 50.18 on Wednesday. The stock has a market cap of $24.84 billion, a price-to-earnings ratio of 39.08 and a beta of 1.01. Zoetis has a 52-week low of $38.26 and a 52-week high of $53.14. The company has a 50-day moving average price of $51.25 and a 200 day moving average price of $49.01.
Zoetis (NYSE:ZTS) last posted its earnings results on Wednesday, August 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.05. The company earned $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. Zoetis had a net margin of 13.15% and a return on equity of 77.58%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. On average, analysts expect that Zoetis will post $1.91 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 3rd will be paid a $0.095 dividend. The ex-dividend date is Tuesday, November 1st. This represents a $0.38 annualized dividend and a dividend yield of 0.76%. Zoetis’s dividend payout ratio (DPR) is 29.69%.