Economy

Axa Trims Position in Zoetis Inc. (ZTS)

Hedge funds and other institutional investors own 93.31% of the company's stock. The company has a market cap of $31.65 billion, a price-to-earnings ratio of 36.57 and a beta of 1.02. The stock rose 0.83% or $0.54 reaching $65.24 per share. About 301,030 shares traded. Benjamin F. Edwards & Company Inc. raised its stake in Zoetis by 272.6% in the third quarter. It has outperformed by 13.19% the S&P500. BlackRock Inc. boosted its stake in Zoetis by 3.9% during the 2nd quarter. Hermes Investment Management Ltd. now owns 236,350 shares of the company's stock worth $14,744,000 after buying an additional 105,276 shares in the last quarter. The stock decreased 0.31% or $0.41 on September 8, reaching $131.12. The original version of this piece can be read at https://stocknewstimes.com/2017/09/11/virginia-retirement-systems-et-al-lowers-position-in-zoetis-inc-zts.html. It has underperformed by 10.47% the S&P500. About 2.61M shares traded or 12.50% up from the average.

A number of research firms have recently weighed in on ZTS.

Investors sentiment decreased to 1.04 in Q4 2016. Its up 0.01, from 0.93 in 2016Q3. It turned negative, as 53 investors sold CL shares while 472 reduced holdings. 616.46 million shares or 0.02% less from 616.56 million shares in 2016Q3 were reported.

Shares of Zoetis Inc. Benjamin F. Edwards & Company Inc. now owns 4,201 shares of the company's stock worth $262,000 after buying an additional 55 shares during the period. Argent Trust Co lifted its holdings in Zoetis by 0.8% in the 1st quarter. Qs Ltd Liability Corporation holds 127,657 shares. Agf invested 0.03% of its portfolio in Ecolab Inc. Deutsche Bank Ag, a Germany-based fund reported 100,268 shares. Olstein Capital Management Limited Partnership holds 0.46% or 66,000 shares in its portfolio. Alphamark Ltd Llc has invested 0.01% in Colgate-Palmolive Company (NYSE:CL). Cleararc owns 12,018 shares for 0.12% of their portfolio. Whittier Trust holds 4,975 shares. Guggenheim Capital Limited Liability Com reported 0.13% of its portfolio in Acuity Brands, Inc. The firm earned "Hold" rating on Wednesday, July 26 by Deutsche Bank. Ycg has invested 8.99% of its portfolio in Colgate-Palmolive Company (NYSE:CL).

Among 19 analysts covering Zoetis Inc (NYSE:ZTS), 14 have Buy rating, 0 Sell and 5 Hold. Jefferies has "Buy" rating and $7400 target. (NYSE:ZTS) opened at 64.70 on Monday. As per Tuesday, March 15, the company rating was maintained by Jefferies. (The) reissued a "neutral" rating and issued a $62.00 price objective on shares of Zoetis in a research report on Monday, August 7th. The stock has "Buy" rating by Stifel Nicolaus on Wednesday, June 1. Jefferies maintained the shares of ZTS in report on Tuesday, August 15 with "Buy" rating.

Since March 15, 2017, it had 1 buy, and 5 insider sales for $6.77 million activity. Beck Christophe had sold 6,959 shares worth $884,565 on Wednesday, May 17. On a consensus basis, analysts have given a recommendation of 2.00 on company shares. Davis R M has invested 1.54% in Ecolab Inc. Logan Capital Management Inc acquired 10,493 shares as Zoetis Inc Cl A (ZTS)'s stock rose 14.85%. Therefore 68% are positive. Cowen and Company set a $70.00 price objective on shares of Zoetis and gave the stock a "buy" rating in a research note on Monday, July 17th. The firm has "Buy" rating by Cantor Fitzgerald given on Wednesday, September 6. The company was maintained on Friday, June 16 by Jefferies. Stifel Nicolaus reiterated a "buy" rating and issued a $65.00 price target on shares of Zoetis in a report on Friday, September 1st. The firm earned "Outperform" rating on Friday, September 11 by BMO Capital Markets. As per Thursday, April 7, the company rating was downgraded by CLSA. They issued a "buy" rating and a $71.00 target price for the company. The rating was maintained by Piper Jaffray with "Buy" on Friday, August 25.

Investors sentiment increased to 0.94 in 2016 Q4. Its up 0.02, from 1.19 in 2016Q3.

Other hedge funds have also added to or reduced their stakes in the company. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. Fieldpoint Private Advisors owns 14,820 shares. Independent Portfolio Consultants has invested 0.22% of its portfolio in Zoetis Inc (NYSE:ZTS). Fincl has 21 shares for 0% of their portfolio. Melvin Mngmt LP owns 1.13 million shares or 1.56% of their USA portfolio. Finally, Pettee Investors Inc. acquired a new stake in Zoetis during the second quarter worth about $209,000. D Scott Neal holds 119 shares. (NYSE:ECL). Sweden-based Alecta Pensionsforsakring Omsesidigt has invested 2.34% in Ecolab Inc. Jacobs & Com Ca owns 123,872 shares. The New York-based Hudson Valley Investment Advisors Inc Adv has invested 0.01% in the stock. Thrivent For Lutherans stated it has 0.04% of its portfolio in Zoetis Inc (NYSE:ZTS). Addison Capital holds 1.86% or 39,448 shares in its portfolio.

Rothschild Asset Management Inc. raised its position in shares of Zoetis Inc. Tower Research Capital Lc (Trc) stated it has 8,884 shares or 0.05% of all its holdings. Gulf Intll National Bank (Uk) Limited holds 0.12% or 143,065 shares.

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