Zoetis Faces Major Sell-Off: What Does This Mean for the Shares?
According to its most recent filing with the SEC, Congress Asset Management Co. reduced its holdings of Zoetis Inc. shares by 66.9% during the fourth quarter. After selling 461,181 shares of the company’s stock during that time, the institutional investor now owned 228,623 shares. After the most recent quarter, Congress Asset Management Co. held $37,250,000, or 0.05% of Zoetis.
Zoetis Stock Analysis: PE Ratio, Moving Averages, and Market Trends
On Monday, ZTS’s shares opened at $157.54. With a market valuation of $71.08 billion, the company’s PE ratio is 29.61, its P/E/G ratio is 2.77, and its beta is 0.90. The 12-month low and high for Zoetis Inc. are $144.80 and $200.53, respectively. The 200-day moving average for the company is $178.79, and its 50-day moving average is $168.51. The company’s quick ratio is 2.27, its current ratio is 3.69, and its debt-to-equity ratio is 1.26.
The last time Zoetis released their financial results was on Thursday, February 13. The firm topped analysts’ expected projections of $1.37 by $0.03 when it posted $1.40 EPS for the quarter. The company’s quarter-end sales of $2.32 billion were lower than the $2.30 billion consensus estimate. Zoetis’s return on equity was 51.98%, while its net margin was 26.55%. For the current year, research analysts predict that Zoetis Inc. will report 5.9 EPS on average.
A quarterly dividend that will be paid on Tuesday, June 3rd, was also recently declared by the company. There will be a $0.50 dividend per share paid to shareholders of record on Monday, April 21st. This amounts to a 1.27% yield and a $2.00 yearly dividend. Monday, April 21st, is the dividend’s ex-dividend date. 37.59% is Zoetis’ dividend payout ratio (DPR).
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