Zoetis (NYSE:ZTS) Stock Price Up 0.2%

Zoetis Inc. (NYSE:ZTS - Get Free Report) traded up 0.2% during trading on Thursday . The stock traded as high as $151.90 and last traded at $151.18. 1,224,514 shares were traded during trading, a decline of 60% from the average session volume of 3,050,612 shares. The stock had previously closed at $150.88.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Zoetis from $215.00 to $195.00 and set a "buy" rating on the stock in a research report on Tuesday, April 2nd. Barclays dropped their price target on Zoetis from $260.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday. StockNews.com downgraded Zoetis from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 20th. The Goldman Sachs Group raised their price objective on Zoetis from $190.00 to $226.00 and gave the company a "buy" rating in a research note on Wednesday, January 17th. Finally, Piper Sandler reissued an "overweight" rating and issued a $195.00 price objective (down from $220.00) on shares of Zoetis in a research note on Tuesday, April 16th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Zoetis has a consensus rating of "Buy" and an average price target of $218.00.

Zoetis Price Performance

The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.00 and a current ratio of 3.36. The firm has a market cap of $70.14 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.29 and a beta of 0.85. The company has a 50-day moving average of $173.11 and a 200 day moving average of $179.58.

Zoetis (NYSE:ZTS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.08). Zoetis had a net margin of 27.43% and a return on equity of 51.25%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the firm posted $1.15 EPS. The company's revenue for the quarter was up 8.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Zoetis Inc. will post 5.79 EPS for the current year.

Zoetis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Friday, April 19th will be given a $0.432 dividend. The ex-dividend date is Thursday, April 18th. This represents a $1.73 annualized dividend and a yield of 1.13%. Zoetis's payout ratio is 33.93%.

Insider Transactions at Zoetis

In related news, EVP Roxanne Lagano sold 923 shares of Zoetis stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $151.17, for a total transaction of $139,529.91. Following the completion of the sale, the executive vice president now directly owns 14,800 shares of the company's stock, valued at $2,237,316. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 2,209 shares of company stock worth $371,293 over the last 90 days. 0.12% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC raised its holdings in Zoetis by 222.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 129 shares of the company's stock worth $25,000 after acquiring an additional 89 shares in the last quarter. Webster Bank N. A. raised its holdings in Zoetis by 89.1% during the first quarter. Webster Bank N. A. now owns 174 shares of the company's stock worth $29,000 after acquiring an additional 82 shares in the last quarter. Moisand Fitzgerald Tamayo LLC raised its holdings in Zoetis by 105.5% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 187 shares of the company's stock worth $33,000 after acquiring an additional 96 shares in the last quarter. Independence Bank of Kentucky raised its holdings in Zoetis by 371.4% during the fourth quarter. Independence Bank of Kentucky now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 130 shares in the last quarter. Finally, Private Wealth Management Group LLC bought a new stake in Zoetis during the fourth quarter worth about $33,000. 92.80% of the stock is owned by institutional investors and hedge funds.

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.

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