Fairvoy Private Wealth LLC Purchases New Stake in Zoetis Inc. $ZTS

Key Points

• Fairvoy Private Wealth LLC has acquired a new stake in Zoetis Inc., purchasing 15,432 shares valued at approximately $2,407,000 in the second quarter.
• Zoetis reported a quarterly EPS of $1.76, surpassing analysts' expectations by $0.14, and showing a revenue increase of 4.2% year-over-year to $2.46 billion.
• The stock has received mixed ratings, with five analysts rating it as a Buy and five as a Hold, reflecting a consensus rating of "Moderate Buy" and a price target of $200.88.

Fairvoy Private Wealth LLC purchased a new stake in shares of Zoetis Inc. (NYSE:ZTS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,432 shares of the company's stock, valued at approximately $2,407,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Zoetis by 0.5% during the first quarter. Vanguard Group Inc. now owns 41,556,164 shares of the company's stock valued at $6,842,222,000 after buying an additional 189,287 shares during the period. Polen Capital Management LLC grew its position in Zoetis by 17.6% during the first quarter. Polen Capital Management LLC now owns 8,796,847 shares of the company's stock valued at $1,448,401,000 after buying an additional 1,313,653 shares during the period. Northern Trust Corp grew its position in Zoetis by 1.2% during the first quarter. Northern Trust Corp now owns 6,504,902 shares of the company's stock valued at $1,071,032,000 after buying an additional 78,508 shares during the period. Goldman Sachs Group Inc. grew its position in Zoetis by 2.2% during the first quarter. Goldman Sachs Group Inc. now owns 5,146,024 shares of the company's stock valued at $847,293,000 after buying an additional 109,791 shares during the period. Finally, Brown Advisory Inc. grew its position in Zoetis by 7.6% during the first quarter. Brown Advisory Inc. now owns 4,408,542 shares of the company's stock valued at $725,866,000 after buying an additional 312,746 shares during the period. Institutional investors own 92.80% of the company's stock.

Zoetis Price Performance

ZTS stock opened at $146.45 on Friday. The firm has a 50 day moving average of $149.79 and a 200-day moving average of $155.14. The company has a current ratio of 1.76, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05. Zoetis Inc. has a 12 month low of $139.34 and a 12 month high of $196.55. The firm has a market capitalization of $64.91 billion, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 2.35 and a beta of 0.90.

Zoetis (NYSE:ZTS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.14. Zoetis had a net margin of 27.83% and a return on equity of 56.90%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the business earned $1.56 earnings per share. Zoetis's revenue was up 4.2% compared to the same quarter last year. Zoetis has set its FY 2025 guidance at 6.300-6.400 EPS. As a group, sell-side analysts predict that Zoetis Inc. will post 6.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZTS has been the subject of several recent research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Zoetis in a research note on Saturday, September 27th. Leerink Partners downgraded shares of Zoetis from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $180.00 to $155.00 in a research note on Thursday, July 17th. Stifel Nicolaus downgraded shares of Zoetis from a "buy" rating to a "hold" rating and reduced their target price for the stock from $165.00 to $160.00 in a research note on Wednesday, June 18th. Argus reiterated a "buy" rating and issued a $190.00 target price on shares of Zoetis in a research note on Tuesday, September 9th. Finally, Leerink Partnrs downgraded shares of Zoetis from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 17th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.88.

Zoetis Company Profile

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.

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