Aberdeen Group plc Has $160.38 Million Stock Holdings in Zoetis Inc. $ZTS

Aberdeen Group plc decreased its holdings in shares of Zoetis Inc. (NYSE:ZTSFree Report) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,109,151 shares of the company’s stock after selling 46,453 shares during the period. Aberdeen Group plc owned about 0.25% of Zoetis worth $160,383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ZTS. Norges Bank bought a new position in Zoetis in the second quarter valued at about $809,491,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Zoetis in the third quarter valued at about $394,010,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Zoetis by 113.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,761,920 shares of the company’s stock valued at $586,671,000 after purchasing an additional 1,995,491 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Zoetis by 85.9% in the second quarter. Corient Private Wealth LLC now owns 2,578,593 shares of the company’s stock valued at $400,619,000 after purchasing an additional 1,191,840 shares during the last quarter. Finally, Impax Asset Management Group plc boosted its stake in Zoetis by 362.6% in the 2nd quarter. Impax Asset Management Group plc now owns 1,176,996 shares of the company’s stock valued at $182,705,000 after purchasing an additional 922,589 shares during the period. Institutional investors and hedge funds own 92.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ZTS. JPMorgan Chase & Co. decreased their target price on Zoetis from $230.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Piper Sandler restated a “neutral” rating and issued a $135.00 price objective (down previously from $190.00) on shares of Zoetis in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Zoetis from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. BTIG Research reissued a “buy” rating and issued a $160.00 price target on shares of Zoetis in a report on Wednesday, December 3rd. Finally, Weiss Ratings cut Zoetis from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Zoetis has an average rating of “Hold” and a consensus target price of $152.91.

Check Out Our Latest Stock Analysis on Zoetis

More Zoetis News

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Zoetis Price Performance

Shares of NYSE ZTS opened at $126.64 on Friday. The firm has a market cap of $55.81 billion, a P/E ratio of 21.04, a PEG ratio of 2.11 and a beta of 0.96. The company has a 50 day moving average of $124.42 and a 200 day moving average of $135.44. Zoetis Inc. has a twelve month low of $115.25 and a twelve month high of $177.00. 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 (NYSE:ZTSGet Free Report) last announced 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. Zoetis had a net margin of 28.24% and a return on equity of 56.83%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business earned $1.40 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Zoetis has set its FY 2026 guidance at 7.000-7.100 EPS. As a group, research analysts expect that Zoetis Inc. will post 6.07 EPS for the current fiscal year.

Zoetis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, April 20th will be paid a dividend of $0.53 per share. 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.

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Institutional Ownership by Quarter for Zoetis (NYSE:ZTS)

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