8,280 Shares in Zoetis Inc. (NYSE:ZTS) Purchased by OMC Financial Services LTD

OMC Financial Services LTD acquired a new position in Zoetis Inc. (NYSE:ZTS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,280 shares of the company’s stock, valued at approximately $1,401,000. Zoetis makes up about 0.7% of OMC Financial Services LTD’s investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC boosted its position in Zoetis by 222.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 129 shares of the company’s stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Webster Bank N. A. lifted its stake in Zoetis by 89.1% in 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 during the last quarter. Independence Bank of Kentucky boosted its position in shares of Zoetis by 371.4% in the 4th quarter. Independence Bank of Kentucky now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the period. Private Wealth Management Group LLC purchased a new stake in Zoetis during the 4th quarter valued at approximately $33,000. Finally, Gladius Capital Management LP purchased a new stake in shares of Zoetis in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 92.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Stifel Nicolaus cut their target price on Zoetis from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. The Goldman Sachs Group cut their price target on shares of Zoetis from $223.00 to $196.00 and set a “buy” rating on the stock in a report on Monday, May 6th. HSBC dropped their price target on shares of Zoetis from $230.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. 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. Finally, BTIG Research assumed coverage on shares of Zoetis in a research report on Thursday, July 25th. They issued a “buy” rating and a $220.00 price target on the stock. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $212.67.

Zoetis Price Performance

Shares of Zoetis stock traded down $1.83 during trading hours on Friday, hitting $180.59. The company’s stock had a trading volume of 2,699,619 shares, compared to its average volume of 1,898,130. The business has a 50 day moving average price of $175.44 and a two-hundred day moving average price of $175.72. Zoetis Inc. has a 12-month low of $144.80 and a 12-month high of $201.92. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.94 and a current ratio of 3.33. The company has a market cap of $82.40 billion, a PE ratio of 34.80, a PEG ratio of 2.83 and a beta of 0.86.

Zoetis (NYSE:ZTS) last announced its earnings results on Thursday, May 2nd. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. Zoetis had a return on equity of 50.34% and a net margin of 27.38%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 EPS. Analysts expect that Zoetis Inc. will post 5.76 earnings per share for the current fiscal year.

Zoetis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 18th will be paid a $0.432 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, July 18th. Zoetis’s dividend payout ratio is currently 33.14%.

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.