Engineers Gate Manager LP lifted its position in shares of Zoetis Inc. (NYSE:ZTS – Free Report) by 3,551.3% during the second quarter, Holdings Channel reports. The institutional investor owned 107,678 shares of the company’s stock after purchasing an additional 104,729 shares during the period. Engineers Gate Manager LP’s holdings in Zoetis were worth $7,738,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. California State Teachers Retirement System raised its holdings in Zoetis by 6,680.3% during the second quarter. California State Teachers Retirement System now owns 47,745,365 shares of the company’s stock valued at $3,430,982,000 after acquiring an additional 47,041,186 shares during the period. J. Stern & Co. LLP boosted its stake in shares of Zoetis by 12,431.2% in the fourth quarter. J. Stern & Co. LLP now owns 24,069,492 shares of the company’s stock worth $3,028,423,000 after acquiring an additional 23,877,416 shares during the period. Norges Bank bought a new position in shares of Zoetis in the fourth quarter worth about $734,425,000. Flossbach Von Storch SE purchased a new stake in shares of Zoetis during the second quarter worth about $302,601,000. Finally, BlackRock Inc. grew its position in shares of Zoetis by 10.8% during the second quarter. BlackRock Inc. now owns 39,430,181 shares of the company’s stock worth $2,833,453,000 after purchasing an additional 3,845,869 shares in the last quarter. Hedge funds and other institutional investors own 92.80% of the company’s stock.
Zoetis Trading Down 0.4%
Shares of ZTS stock opened at $73.00 on Friday. Zoetis Inc. has a 12-month low of $71.00 and a 12-month high of $152.00. The company has a current ratio of 3.08, a quick ratio of 1.84 and a debt-to-equity ratio of 2.87. The stock’s 50-day moving average price is $75.60 and its 200-day moving average price is $92.10. The stock has a market capitalization of $30.16 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 1.71 and a beta of 0.73.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Zacks Research downgraded Zoetis from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Stifel Nicolaus cut their price objective on shares of Zoetis from $85.00 to $80.00 and set a “hold” rating for the company in a report on Thursday, August 20th. UBS Group reduced their price objective on shares of Zoetis from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. BNP Paribas Exane reduced their price objective on shares of Zoetis from $146.00 to $110.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Finally, Argus reissued a “hold” rating on shares of Zoetis in a report on Wednesday, May 27th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Zoetis currently has a consensus rating of “Hold” and an average target price of $101.08.
View Our Latest Analysis on ZTS
Zoetis Company Profile
Zoetis Inc is a global animal health company that develops, manufactures and commercializes medicines, vaccines, diagnostic products and related services for livestock and companion animals. Its offerings are used by veterinarians, livestock producers and pet owners to prevent and treat disease, improve animal health and support productivity.
The company’s product portfolio includes pharmaceuticals, vaccines, parasiticides, dermatology treatments, diagnostic tests and genetic services.
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