Zoetis Inc. $ZTS Position Boosted by Candriam S.C.A.

Candriam S.C.A. lifted its holdings in Zoetis Inc. (NYSE:ZTSFree Report) by 31.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 784,345 shares of the company’s stock after purchasing an additional 189,505 shares during the period. Candriam S.C.A. owned about 0.18% of Zoetis worth $114,765,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC raised its position in shares of Zoetis by 496.6% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 144 shares during the period. NewSquare Capital LLC increased its stake in Zoetis by 69.1% in the 2nd quarter. NewSquare Capital LLC now owns 208 shares of the company’s stock worth $32,000 after purchasing an additional 85 shares in the last quarter. Financial Consulate Inc. acquired a new stake in Zoetis during the 3rd quarter worth about $39,000. SJS Investment Consulting Inc. lifted its stake in Zoetis by 1,606.3% during the third quarter. SJS Investment Consulting Inc. now owns 273 shares of the company’s stock valued at $40,000 after buying an additional 257 shares in the last quarter. Finally, TruNorth Capital Management LLC purchased a new stake in Zoetis during the third quarter valued at about $42,000. 92.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ZTS shares. The Goldman Sachs Group raised shares of Zoetis to a “buy” rating in a research report on Monday, December 15th. KeyCorp initiated coverage on shares of Zoetis in a research note on Thursday, November 20th. They issued a “sector weight” rating for the company. Wall Street Zen raised shares of Zoetis from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. HSBC set a $140.00 target price on Zoetis in a report on Wednesday, December 10th. Finally, Stifel Nicolaus lowered their price target on Zoetis from $140.00 to $130.00 and set a “hold” rating on the stock in a report on Tuesday, November 18th. 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $152.45.

View Our Latest Stock Report on ZTS

Zoetis Trading Up 0.5%

Shares of NYSE:ZTS opened at $127.40 on Monday. The firm has a fifty day moving average of $123.96 and a two-hundred day moving average of $136.19. The company has a quick ratio of 2.28, a current ratio of 3.64 and a debt-to-equity ratio of 1.31. Zoetis Inc. has a 12-month low of $115.25 and a 12-month high of $177.00. The firm has a market capitalization of $56.14 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 2.20 and a beta of 0.96.

Zoetis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, April 20th will be paid a $0.53 dividend. The ex-dividend date is Monday, April 20th. This represents a $2.12 dividend on an annualized basis and a yield of 1.7%. Zoetis’s payout ratio is 35.69%.

Key Headlines Impacting Zoetis

Here are the key news stories impacting Zoetis this week:

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.

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Institutional Ownership by Quarter for Zoetis (NYSE:ZTS)

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