Fred Alger Management Inc. bought a new position in shares of Zoetis Inc (NYSE:ZTS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 77,487 shares of the company’s stock, valued at approximately $5,582,000.
A number of other institutional investors have also bought and sold shares of ZTS. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Zoetis during the fourth quarter worth $108,000. Steward Partners Investment Advisory LLC acquired a new position in Zoetis during the third quarter worth $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Zoetis by 251.9% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the company’s stock worth $121,000 after buying an additional 1,360 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in Zoetis during the fourth quarter worth $127,000. Finally, Advisory Services Network LLC increased its position in Zoetis by 42.4% during the fourth quarter. Advisory Services Network LLC now owns 2,423 shares of the company’s stock worth $175,000 after buying an additional 721 shares during the last quarter. 92.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Zoetis Inc (ZTS) opened at $84.52 on Monday. The company has a debt-to-equity ratio of 2.77, a current ratio of 3.85 and a quick ratio of 2.55. Zoetis Inc has a one year low of $52.25 and a one year high of $85.05. The firm has a market cap of $41,013.64, a PE ratio of 35.22, a P/E/G ratio of 1.90 and a beta of 0.97.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors 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 0.60%. The ex-dividend date is Thursday, April 19th. Zoetis’s payout ratio is presently 28.57%.
In related news, insider Roman Trawicki sold 23,885 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $82.00, for a total value of $1,958,570.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Roxanne Lagano sold 35,663 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $81.02, for a total transaction of $2,889,416.26. Following the completion of the sale, the executive vice president now owns 49,919 shares of the company’s stock, valued at approximately $4,044,437.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,001 shares of company stock valued at $7,882,428. 0.31% of the stock is owned by corporate insiders.
Several equities analysts have commented on the stock. Jefferies Group set a $97.00 target price on shares of Zoetis and gave the stock a “buy” rating in a research report on Monday, February 26th. Barclays set a $77.00 target price on shares of Zoetis and gave the stock a “hold” rating in a research report on Saturday, February 17th. Deutsche Bank increased their target price on shares of Zoetis from $76.00 to $78.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Piper Jaffray Companies set a $88.00 target price on shares of Zoetis and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $86.00 price target (up from $84.00) on shares of Zoetis in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $80.28.
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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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