Zoetis Inc (ZTS) Stake Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in Zoetis Inc (NYSE:ZTS) by 114.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 364,385 shares of the company’s stock after buying an additional 194,239 shares during the quarter. Teacher Retirement System of Texas’ holdings in Zoetis were worth $26,250,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ZTS. Harel Insurance Investments & Financial Services Ltd. bought a new position in Zoetis during the fourth quarter valued at approximately $108,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Zoetis in the 3rd quarter valued at approximately $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Zoetis by 251.9% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the company’s stock valued at $121,000 after purchasing an additional 1,360 shares during the last quarter. Shine Investment Advisory Services Inc. lifted its stake in shares of Zoetis by 86.5% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 2,242 shares of the company’s stock valued at $143,000 after purchasing an additional 1,040 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. bought a new stake in shares of Zoetis in the 3rd quarter valued at approximately $201,000. 93.73% of the stock is owned by hedge funds and other institutional investors.

Shares of Zoetis Inc (ZTS) opened at $71.51 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 2.45. Zoetis Inc has a fifty-two week low of $52.00 and a fifty-two week high of $80.13. The firm has a market capitalization of $35,991.11, a P/E ratio of 33.88, a PEG ratio of 1.63 and a beta of 1.06.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, January 19th will be issued a $0.126 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.70%. This is an increase from Zoetis’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, January 18th. Zoetis’s dividend payout ratio is presently 26.32%.

Several equities research analysts have recently issued reports on the company. BMO Capital Markets set a $78.00 price objective on Zoetis and gave the company a “hold” rating in a research note on Monday, January 22nd. Zacks Investment Research raised Zoetis from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Thursday, October 12th. Craig Hallum reaffirmed a “buy” rating and issued a $85.00 price objective (up from $77.00) on shares of Zoetis in a research note on Tuesday, January 2nd. Cantor Fitzgerald set a $85.00 price objective on Zoetis and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, BidaskClub lowered Zoetis from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. Zoetis currently has an average rating of “Buy” and an average target price of $73.72.

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Zoetis Profile

Zoetis Inc is engaged in the discovery, development, manufacture and commercialization of animal health medicines and vaccines, with a focus on both livestock and companion animals. The Company has a business, commercializing products across eight core species: cattle, swine, poultry, sheep and fish (collectively, livestock) and dogs, cats and horses (collectively, companion animals), and within five product categories: anti-infectives, vaccines, parasiticides, medicated feed additives and other pharmaceuticals.

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Institutional Ownership by Quarter for Zoetis (NYSE:ZTS)

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