Zoetis Inc (NYSE: ZTS) is -16.06% lower on its value in year-to-date trading and has touched a low of $151.03 and a high of $201.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZTS stock was last observed hovering at around $167.81 in the last trading session, with the day’s loss setting it -2.14%.
Currently trading at $165.67, the stock is -8.36% and -11.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.55 million and changing -1.28% at the moment leaves the stock -8.49% off its SMA200. ZTS registered 0.91% gain for a year compared to 6-month gain of -6.78%. The firm has a 50-day simple moving average (SMA 50) of $9.43 and a 200-day simple moving average (SMA200) of $21.98.
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The stock witnessed a -15.92% loss in the last 1 month and extending the period to 3 months gives it a -15.03%, and is -4.21% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.54% over the week and 2.39% over the month.
Zoetis Inc (ZTS) has around 14100 employees, a market worth around $75.86B and $8.54B in sales. Current P/E ratio is 32.67 and Fwd P/E is 25.56. Profit margin for the company is 27.43%. Distance from 52-week low is 9.69% and -17.95% from its 52-week high. The company has generated returns on investments over the last 12 months (19.95%).
Zoetis Inc quarterly earnings per share for the current quarter are estimated at $1.36 with sales reaching $2.17B over the same period.The EPS is expected to grow by 8.78% this year, but quarterly earnings will post 7.50% year-over-year. Quarterly sales are estimated to grow 7.70% in year-over-year returns.
Zoetis Inc (ZTS) Top Institutional Holders
2,332 institutions hold shares in Zoetis Inc (ZTS), with institutional investors hold 95.71% of the company’s shares. The shares outstanding are 458.37M, and float is at 457.47M with Short Float at 0.82%. Institutions hold 95.48% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 39.74 million shares valued at $6.84 billion. The investor’s holdings represent 8.63% of the ZTS Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 38.17 million shares valued at $6.57 billion to account for 8.29% of the shares outstanding. The other top investors are State Street Corporation which holds 19.63 million shares representing 4.26% and valued at over $3.38 billion, while State Farm Mutual Automobile Insurance Co holds 3.72% of the shares totaling 17.13 million with a market value of $2.95 billion.
Zoetis Inc (ZTS) Insider Activity
The most recent transaction is an insider sale by Lagano Roxanne,the company’sExecutive Vice President. SEC filings show that Lagano Roxanne sold 923 shares of the company’s common stock on Mar 18 ’24 at a price of $173.33 per share for a total of $0.16 million. Following the sale, the insider now owns 15723.0 shares.
Zoetis Inc disclosed in a document filed with the SEC on Mar 11 ’24 that Reed Willie M (Director) sold a total of 1,370 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $182.68 per share for $0.25 million. Following the transaction, the insider now directly holds 9994.0 shares of the ZTS stock.
Still, SEC filings show that on Feb 20 ’24, PECK KRISTIN C (Chief Executive Officer) disposed off 13,000 shares at an average price of $187.20 for $2.43 million. The insider now directly holds 79,366 shares of Zoetis Inc (ZTS).
