Exchange Traded Concepts LLC Purchases 474 Shares of Zoetis Inc. $ZTS

Exchange Traded Concepts LLC boosted its position in Zoetis Inc. (NYSE:ZTS) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,383 shares of the company’s stock after purchasing an additional 474 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Zoetis were worth $1,307,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in Zoetis in the first quarter worth $25,000. 1248 Management LLC bought a new position in shares of Zoetis during the first quarter valued at $27,000. Saudi Central Bank bought a new position in shares of Zoetis during the first quarter valued at $29,000. Cornerstone Planning Group LLC increased its holdings in shares of Zoetis by 79.3% during the first quarter. Cornerstone Planning Group LLC now owns 199 shares of the company’s stock valued at $30,000 after acquiring an additional 88 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Zoetis by 87.6% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 257 shares of the company’s stock valued at $42,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 92.80% of the company’s stock.

Zoetis Trading Down 0.8%

Shares of NYSE:ZTS opened at $144.73 on Tuesday. The stock has a market capitalization of $64.14 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 2.34 and a beta of 0.88. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.04 and a current ratio of 1.76. The stock’s 50-day simple moving average is $151.03 and its two-hundred day simple moving average is $156.27. Zoetis Inc. has a 52-week low of $139.70 and a 52-week high of $197.51.

Zoetis (NYSE:ZTS) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. Zoetis had a return on equity of 56.90% and a net margin of 27.83%.The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm earned $1.56 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Zoetis has set its FY 2025 guidance at 6.300-6.400 EPS. Analysts expect that Zoetis Inc. will post 6.07 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ZTS. Argus restated a “buy” rating and set a $190.00 price target on shares of Zoetis in a report on Tuesday, September 9th. Stifel Nicolaus downgraded Zoetis from a “buy” rating to a “hold” rating and reduced their price target for the company from $165.00 to $160.00 in a report on Wednesday, June 18th. Piper Sandler raised their price target on Zoetis from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Monday, August 11th. Leerink Partners downgraded Zoetis from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $180.00 to $155.00 in a report on Thursday, July 17th. Finally, Leerink Partnrs downgraded Zoetis from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 17th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $200.88.

About Zoetis

Zoetis Inc engages in the discovery, development, manufacture, and commercialization of animal health medicines, vaccines, and diagnostic products and services in the United States and internationally. The company commercializes products primarily across species, including livestock, such as cattle, swine, poultry, fish, and sheep and others; and companion animals comprising dogs, cats, and horses.