Dearborn Partners LLC Reduces Position in Zoetis Inc. $ZTS

Dearborn Partners LLC decreased its holdings in shares of Zoetis Inc. (NYSE:ZTSFree Report) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,174 shares of the company’s stock after selling 11,002 shares during the quarter. Dearborn Partners LLC’s holdings in Zoetis were worth $14,114,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Global Wealth Strategies & Associates acquired a new position in shares of Zoetis during the 4th quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Zoetis during the 3rd quarter valued at about $31,000. Lodestone Wealth Management LLC acquired a new position in shares of Zoetis during the 4th quarter valued at about $30,000. Elyxium Wealth LLC acquired a new position in shares of Zoetis during the 4th quarter valued at about $32,000. Finally, Holos Integrated Wealth LLC acquired a new position in shares of Zoetis during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 92.80% of the company’s stock.

Zoetis Trading Down 0.0%

NYSE ZTS opened at $79.49 on Friday. The firm’s 50-day moving average is $100.52 and its two-hundred day moving average is $115.54. Zoetis Inc. has a 12 month low of $72.38 and a 12 month high of $171.52. The company has a debt-to-equity ratio of 2.80, a current ratio of 3.15 and a quick ratio of 1.91. The stock has a market capitalization of $33.33 billion, a P/E ratio of 13.18, a PEG ratio of 1.24 and a beta of 0.75.

Zoetis (NYSE:ZTSGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.07). Zoetis had a net margin of 27.80% and a return on equity of 66.85%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the company earned $1.48 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. Zoetis has set its FY 2026 guidance at 6.850-7.000 EPS. On average, sell-side analysts anticipate that Zoetis Inc. will post 6.88 earnings per share for the current year.

Zoetis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, July 20th will be given a $0.53 dividend. The ex-dividend date of this dividend is Monday, July 20th. This represents a $2.12 dividend on an annualized basis and a yield of 2.7%. Zoetis’s dividend payout ratio is presently 35.16%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ZTS. JPMorgan Chase & Co. lowered their price target on shares of Zoetis from $190.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Citigroup lowered their price target on shares of Zoetis from $145.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Argus reissued a “hold” rating on shares of Zoetis in a research report on Wednesday, May 27th. Wall Street Zen cut shares of Zoetis from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley reissued an “overweight” rating and set a $115.00 price target on shares of Zoetis in a research report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $133.92.

Get Our Latest Analysis on Zoetis

Zoetis News Roundup

Here are the key news stories impacting Zoetis this week:

Insider Buying and Selling at Zoetis

In other Zoetis news, Director Frank A. Damelio purchased 6,650 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $75.39 per share, for a total transaction of $501,343.50. Following the completion of the purchase, the director directly owned 21,458 shares of the company’s stock, valued at approximately $1,617,718.62. This trade represents a 44.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Bisaro purchased 2,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $75.88 per share, for a total transaction of $151,760.00. Following the completion of the purchase, the director directly owned 27,862 shares of the company’s stock, 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. Insiders have purchased 11,650 shares of company stock valued at $886,384 over the last 90 days. 0.22% of the stock is owned by insiders.

About Zoetis

(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.

See Also

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Institutional Ownership by Quarter for Zoetis (NYSE:ZTS)

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