Zoetis Inc. (NYSE:ZTS) Receives Consensus Rating of “Hold” from Brokerages

Zoetis Inc. (NYSE:ZTSGet Free Report) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $133.9167.

A number of brokerages have recently issued reports on ZTS. Argus reaffirmed a “hold” rating on shares of Zoetis in a report on Wednesday. Morgan Stanley reissued an “overweight” rating and issued a $115.00 target price on shares of Zoetis in a research report on Friday, May 15th. Wall Street Zen cut shares of Zoetis from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded shares of Zoetis from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 27th. Finally, William Blair reiterated an “outperform” rating on shares of Zoetis in a research note on Monday, March 2nd.

Get Our Latest Stock Analysis on ZTS

Insiders Place Their Bets

In related news, Director Frank A. Damelio bought 6,650 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $75.39 per share, for a total transaction of $501,343.50. Following the purchase, the director owned 21,458 shares in the company, valued at approximately $1,617,718.62. This represents a 44.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Bisaro purchased 2,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $75.88 per share, for a total transaction of $151,760.00. Following the completion of the acquisition, the director directly owned 27,862 shares in the company, valued at approximately $2,114,168.56. This trade represents a 7.73% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 11,650 shares of company stock valued at $886,384. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. J. Stern & Co. LLP lifted its stake in shares of Zoetis by 12,431.2% in the 4th quarter. J. Stern & Co. LLP now owns 24,069,492 shares of the company’s stock worth $3,028,423,000 after purchasing an additional 23,877,416 shares during the period. Norges Bank bought a new stake in Zoetis during the fourth quarter valued at approximately $734,425,000. Vanguard Group Inc. increased its holdings in Zoetis by 12.9% during the fourth quarter. Vanguard Group Inc. now owns 47,780,974 shares of the company’s stock valued at $6,011,802,000 after buying an additional 5,474,210 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in Zoetis during the third quarter valued at approximately $394,010,000. Finally, Ruane Cunniff & Goldfarb L.P. bought a new position in Zoetis in the first quarter worth approximately $286,660,000. 92.80% of the stock is owned by hedge funds and other institutional investors.

More Zoetis News

Here are the key news stories impacting Zoetis this week:

Zoetis Price Performance

Shares of NYSE ZTS opened at $78.36 on Friday. Zoetis has a twelve month low of $72.38 and a twelve month high of $172.23. The firm has a market cap of $32.85 billion, a P/E ratio of 12.99, a PEG ratio of 1.30 and a beta of 0.87. The company has a 50 day moving average of $105.08 and a 200 day moving average of $117.31. The company has a quick ratio of 1.91, a current ratio of 3.15 and a debt-to-equity ratio of 2.80.

Zoetis (NYSE:ZTSGet Free Report) last issued its earnings results on Thursday, May 7th. The company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.07). The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Zoetis had a net margin of 27.80% and a return on equity of 66.85%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.48 earnings per share. Zoetis has set its FY 2026 guidance at 6.850-7.000 EPS. As a group, research analysts expect that Zoetis will post 6.88 EPS for the current fiscal year.

Zoetis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, July 20th will be issued a $0.53 dividend. The ex-dividend date is Monday, July 20th. This represents a $2.12 annualized dividend and a yield of 2.7%. Zoetis’s dividend payout ratio (DPR) is currently 35.16%.

About Zoetis

(Get 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.

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Analyst Recommendations for Zoetis (NYSE:ZTS)

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