Has $926000 Position in Zoetis Inc. (NYSE:ZTS)

Paterniano Del Favero
Agosto 13, 2017

Chevy Chase Trust Holdings Inc. boosted its position in Zoetis by 2.6% in the first quarter. (NYSE:ZTS) by 22.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. CENTRAL TRUST Co now owns 2,664 shares of the company's stock valued at $142,000 after buying an additional 49 shares during the last quarter.

Other institutional investors have also recently bought and sold shares of the company. CENTRAL TRUST Co boosted its position in Zoetis by 1.9% in the first quarter. New England Research & Management Inc. now owns 29,268 shares of the company's stock valued at $1,562,000 after buying an additional 10,523 shares during the last quarter. Sii Investments Inc. WI increased its stake in Zoetis by 0.3% in the first quarter. Harbour Capital Advisors LLC now owns 20,005 shares of the company's stock valued at $1,068,000 after buying an additional 3,300 shares during the period. Harbour Capital Advisors LLC raised its position in Zoetis by 19.8% in the first quarter. Renaissance Technologies LLC now owns 1,711,100 shares of the company's stock valued at $106,738,000 after buying an additional 579,400 shares during the last quarter. Global Financial Private Capital LLC raised its stake in Zoetis by 11.7% in the second quarter. Atalanta Sosnoff Capital LLC now owns 778,212 shares of the company's stock valued at $41,533,000 after buying an additional 218,905 shares during the last quarter. Advisory Services Network LLC purchased a new position in Zoetis during the first quarter worth about $112,000. Zoetis Inc. has a 52 week low of $46.86 and a 52 week high of $63.85. (NYSE ZTS) traded down 0.02% during mid-day trading on Friday, hitting $59.73. The firm has a market cap of $29.21 billion, a PE ratio of 33.76 and a beta of 1.02. The company has a 50 day moving average of $62.20 and a 200-day moving average of $58.00.

Zoetis (NYSE:ZTS) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.53 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.53. Zoetis had a return on equity of 62.49% and a net margin of 17.50%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period a year ago, the firm posted $0.49 earnings per share. The firm's revenue was up 5.0% on a year-over-year basis. Equities analysts predict that Zoetis will post $2.34 earnings per share for the current fiscal year. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of USA and global copyright & trademark law. Zoetis accounts for 2.1% of Argus Investors Counsel Inc.'s investment portfolio, making the stock its 12th largest position. "(NYSE:ZTS)" was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are accessing this report on another website, it was copied illegally and reposted in violation of USA and global copyright & trademark legislation. The legal version of this article can be read at https://baseballnewssource.com/markets/creative-planning-has-616000-stake-in-zoetis-inc-nysezts-updated-updated/1282989.html.

A number of analysts have recently commented on the company. Cowen and Company set a $70.00 target price on Zoetis and gave the stock a "buy" rating in a report on Monday, July 17th. Argus reissued a "buy" rating and issued a $69.00 price objective (up previously from $60.00) on shares of Zoetis in a research note on Tuesday, May 30th. Finally, Credit Suisse Group lifted their target price on shares of Zoetis from $61.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, May 24th. Cantor Fitzgerald began coverage on shares of Zoetis in a research report on Friday, June 16th. They issued a "buy" rating and a $77.00 price objective for the company. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $65.00 price target on shares of Zoetis in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company's stock. Zoetis now has an average rating of "Buy" and an average target price of $64.78.

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