Zoetis (ZTS) Given a $85.00 Price Target at Cantor Fitzgerald

Lloyd Doyle
January 21, 2018

Wellington Management Group Llp decreased its stake in Nelnet Inc (NNI) by 60.05% based on its latest 2017Q3 regulatory filing with the SEC. 3,476,402 shares of the company's stock traded hands, compared to its average volume of 1,950,000. This is an increase from Zoetis's previous quarterly dividend of $0.11. The company has a market cap of $37,340.00, a P/E ratio of 40.33, a P/E/G ratio of 1.83 and a beta of 1.06.

The stock decreased 0.41% or $0.31 during the last trading session, reaching $76.33. CBS Corporation (CBS) has risen 18.35% since January 19, 2017 and is uptrending. It has outperformed by 26.62% the S&P500. Vanguard Group Inc. increased its position in shares of Zoetis by 2.8% in the 2nd quarter. Class A (ZTS) by 51.65% based on its latest 2017Q3 regulatory filing with the SEC. Acadian Asset Management LLC now owns 1,709,352 shares of the company's stock valued at $123,143,000 after purchasing an additional 900,261 shares during the last quarter. Legal & General Group Plc now owns 2,400,106 shares of the company's stock worth $153,025,000 after purchasing an additional 34,747 shares during the last quarter. Contravisory Mngmt has invested 0% in Zoetis Inc. The stock increased 0.26% or $0.02 during the last trading session, reaching $7.72. About 2.59 million shares traded or 11.22% up from the average. Zoetis Inc. (NYSE:ZTS) has risen 29.89% since January 20, 2017 and is uptrending. It has outperformed by 13.19% the S&P500.

Since August 9, 2017, it had 0 insider buys, and 1 sale for $260,085 activity.

Investors sentiment increased to 1.1 in 2017 Q3. Its down 0.01, from 0.87 in 2017Q2. 57 funds opened positions while 89 raised stakes. Pineno Levin & Ford Asset Mgmt Inc reported 43,772 shares or 1.28% of all its holdings. Atlantic Tru Gru Incorporated Limited Liability holds 4,550 shares or 0% of its portfolio.

TRADEMARK VIOLATION WARNING: "Zoetis (ZTS) Stock Rating Reaffirmed by Piper Jaffray Companies" was originally published by BBNS and is the sole property of of BBNS. Daiwa Securities Gru holds 4,107 shares or 0% of its portfolio. Old National Fincl Bank In stated it has 41,467 shares. 112.10 million shares or 2.05% less from 114.45 million shares in 2017Q2 were reported. New Mexico Educational Retirement Board owns 14,404 shares for 0.12% of their portfolio. Matarin Cap Management Ltd, Connecticut-based fund reported 16,020 shares. Highland Management Limited Com invested in 0.12% or 23,818 shares. Horan Advisors Ltd Com stated it has 0.02% in Zoetis Inc. Moreover, Clifford Swan Invest Counsel Ltd Llc has 0.22% invested in Cummins Inc. (NYSE:ZTS) for 1,095 shares. (NYSE:ZTS). Alliancebernstein LP reported 0.7% stake. Laurion Mgmt Limited Partnership owns 23,889 shares. Friess Associate Ltd Liability Corp accumulated 310,190 shares. Westpac Banking Corp boosted its holdings in shares of Zoetis by 5.4% in the 4th quarter. Magnetar Fincl Limited Liability owns 17,346 shares or 0.02% of their United States portfolio. Harfst & Associates Inc. increased its stake in Zoetis by 16.1% in the second quarter. The brokerage now has a buy rating on the stock. Therefore 76% are positive. Nelnet had 9 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with "Buy" on Tuesday, March 15. BMO Capital Markets increased their price target on shares of Zoetis to $78.00 and gave the company a "market perform" rating in a research note on Tuesday, January 9th. Deutsche Bank initiated Zoetis Inc. (NYSE:ZTS) has "Sell" rating given on Friday, May 6 by Goldman Sachs. Deutsche Bank maintained the stock with "Hold" rating in Thursday, December 17 report. On Friday, October 20 the stock rating was maintained by Credit Suisse with "Neutral". As per Friday, October 13, the company rating was maintained by Cowen & Co. (NYSE:ZTS) earned "Neutral" rating by UBS on Friday, November 24. Stifel Nicolaus restated a "buy" rating and issued a $65.00 price objective on shares of Zoetis in a research report on Tuesday, October 24th. The stock of Zoetis Inc. (NYSE:CMI) has "Hold" rating given on Tuesday, December 12 by Barclays Capital. Its up 0.06, from 1.04 in 2017Q2. It dived, as 10 investors sold NNI shares while 41 reduced holdings. 62 funds opened positions while 240 raised stakes. Natl Pension Service accumulated 0.15% or 435,266 shares. 5,308 were accumulated by Bath Savings. (NYSE:NNI). Thompson Davis Company reported 520 shares. Waddell & Reed Finance stated it has 5.43M shares. Kistler invested 0.09% in Zoetis Inc. The Massachusetts-based Rockland has invested 1.22% in Zoetis Inc.


Zoetis (NYSE:ZTS) last released its quarterly earnings results on Thursday, May 4th. Finally, Frontier Capital Management Co. Whittier Trust stated it has 92 shares or 0% of all its holdings. Financial Bank Of New York Mellon has invested 0.09% in Zoetis Inc. (NYSE:ZTS) for 72,496 shares.

Analysts await Zoetis Inc.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. During the same quarter in the prior year, the firm earned $0.48 earnings per share. ZTS's profit would be $321.61 million giving it 29.02 P/E if the $0.66 EPS is correct.

Analysts expect Grupo Financiero Santander México, S.A.B.de C.V. (NYSE:BSMX) to report $0.20 EPS on January, 26.They anticipate $0.03 EPS change or 17.65% from last quarter's $0.17 EPS.

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