Zoetis Inc (NYSE:ZTS) insider Clinton A. Jr. Lewis sold 6,123 shares of Zoetis stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $123.51, for a total transaction of $756,251.73. Following the transaction, the insider now directly owns 44,255 shares of the company’s stock, valued at $5,465,935.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NYSE ZTS traded up $1.89 during trading on Thursday, hitting $123.68. 1,604,963 shares of the company’s stock were exchanged, compared to its average volume of 2,151,553. The company has a debt-to-equity ratio of 2.74, a quick ratio of 2.87 and a current ratio of 4.17. The stock has a market capitalization of $59.19 billion, a P/E ratio of 39.51, a PEG ratio of 3.13 and a beta of 0.92. Zoetis Inc has a fifty-two week low of $78.90 and a fifty-two week high of $125.88. The firm’s 50 day moving average price is $116.11.

Zoetis (NYSE:ZTS) last issued its earnings results on Tuesday, August 6th. The company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.08. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.51 billion. Zoetis had a return on equity of 72.86% and a net margin of 22.74%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. On average, equities analysts predict that Zoetis Inc will post 3.57 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in ZTS. Nuveen Asset Management LLC increased its stake in shares of Zoetis by 40,874.9% in the second quarter. Nuveen Asset Management LLC now owns 7,078,826 shares of the company’s stock valued at $803,376,000 after buying an additional 7,061,550 shares during the period. FMR LLC increased its stake in shares of Zoetis by 12.2% in the first quarter. FMR LLC now owns 8,127,931 shares of the company’s stock valued at $818,239,000 after buying an additional 882,183 shares during the period. BlackRock Inc. increased its stake in shares of Zoetis by 2.2% in the first quarter. BlackRock Inc. now owns 37,486,408 shares of the company’s stock valued at $3,773,759,000 after buying an additional 795,558 shares during the period. Geode Capital Management LLC increased its stake in shares of Zoetis by 14.4% in the fourth quarter. Geode Capital Management LLC now owns 6,227,976 shares of the company’s stock valued at $531,801,000 after buying an additional 785,088 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Zoetis by 12.8% in the first quarter. American Century Companies Inc. now owns 4,539,546 shares of the company’s stock valued at $456,996,000 after buying an additional 513,924 shares during the period. 90.08% of the stock is owned by institutional investors.

A number of research firms have commented on ZTS. Barclays lifted their price objective on shares of Zoetis from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Bank of America cut shares of Zoetis from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $111.00 to $120.00 in a research report on Monday, July 1st. They noted that the move was a valuation call. Stifel Nicolaus lifted their price objective on shares of Zoetis from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $130.00 price objective (up from $116.00) on shares of Zoetis in a research report on Wednesday, June 12th. Finally, Guggenheim assumed coverage on shares of Zoetis in a research report on Thursday, May 23rd. They set a “buy” rating and a $114.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $115.13.

About Zoetis

Zoetis Inc discovers, develops, manufactures, and commercializes animal health medicines, vaccines, and diagnostic products in the United States and internationally. It commercializes products primarily across species, including livestock, such as cattle, swine, poultry, fish, and sheep; and companion animals comprising dogs, cats, and horses.

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Insider Buying and Selling by Quarter for Zoetis (NYSE:ZTS)

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