ABN Amro Investment Solutions Sells 6,170 Shares of Zoetis Inc. $ZTS

ABN Amro Investment Solutions decreased its stake in Zoetis Inc. (NYSE:ZTSFree Report) by 19.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 25,642 shares of the company’s stock after selling 6,170 shares during the period. ABN Amro Investment Solutions’ holdings in Zoetis were worth $3,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ZTS. Halbert Hargrove Global Advisors LLC increased its holdings in Zoetis by 496.6% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 173 shares of the company’s stock worth $25,000 after acquiring an additional 144 shares in the last quarter. NewSquare Capital LLC boosted its position in shares of Zoetis by 69.1% in the second quarter. NewSquare Capital LLC now owns 208 shares of the company’s stock worth $32,000 after purchasing an additional 85 shares during the period. Financial Consulate Inc. purchased a new stake in shares of Zoetis in the third quarter worth $39,000. SJS Investment Consulting Inc. increased its stake in shares of Zoetis by 1,606.3% in the third quarter. SJS Investment Consulting Inc. now owns 273 shares of the company’s stock worth $40,000 after purchasing an additional 257 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in shares of Zoetis during the 3rd quarter valued at $42,000. Institutional investors own 92.80% of the company’s stock.

Wall Street Analyst Weigh In

ZTS has been the subject of several recent analyst reports. Barclays began coverage on shares of Zoetis in a report on Monday, December 8th. They issued an “equal weight” rating and a $136.00 target price for the company. BTIG Research reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Zoetis in a research note on Wednesday, December 3rd. Weiss Ratings cut Zoetis from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, January 28th. Wall Street Zen raised Zoetis from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Zoetis from $230.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $152.91.

Read Our Latest Stock Analysis on ZTS

Key Stories Impacting Zoetis

Here are the key news stories impacting Zoetis this week:

Zoetis Stock Up 0.8%

Shares of ZTS opened at $126.64 on Monday. The stock has a market capitalization of $53.46 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. Zoetis Inc. has a 1 year low of $115.25 and a 1 year high of $177.00. The business’s 50 day simple moving average is $124.42 and its 200-day simple moving average is $135.35. The company has a debt-to-equity ratio of 2.71, a current ratio of 3.03 and a quick ratio of 1.94.

Zoetis (NYSE:ZTSGet Free Report) last posted its earnings results on Thursday, February 12th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.08. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.36 billion. Zoetis had a net margin of 28.24% and a return on equity of 62.02%. Zoetis’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $1.40 earnings per share. Zoetis has set its FY 2026 guidance at 7.000-7.100 EPS. As a group, equities analysts expect that Zoetis Inc. will post 6.07 earnings per share for the current fiscal year.

Zoetis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, April 20th will be issued a $0.53 dividend. The ex-dividend date is Monday, April 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.7%. Zoetis’s payout ratio is 35.22%.

Zoetis Profile

(Free Report)

Zoetis Inc (NYSE: ZTS) is a global animal health company that develops, manufactures and markets a broad portfolio of products and services for companion animals and livestock. The company’s offerings include pharmaceuticals, vaccines and biologics, parasiticides and anti-infectives, as well as diagnostic instruments, consumables and laboratory testing services. Zoetis serves the veterinary community, livestock producers and other animal-health customers with products designed to prevent, detect and treat disease and to support animal productivity and welfare.

Zoetis traces its roots to the animal health business of Pfizer and became an independent, publicly traded company following a 2013 separation and initial public offering.

Featured Stories

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Institutional Ownership by Quarter for Zoetis (NYSE:ZTS)

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