Zoetis' (NYSE:ZTS) "Hold" Rating Reaffirmed at BMO Capital Markets

Evercore Wealth Management LLC now owns 3,402 shares of the company's stock worth $161,000 after buying an additional 365 shares during the period. The Independent Franchise Partners Llp holds 8.64 million shares with $538.86 million value, down from 11.20M last quarter. The company has market cap of $46.22 million. The stock declined 0.24% or $0.21 reaching $88.79 on the news. About 48,184 shares traded. Procter & Gamble Co (NYSE:PG) has risen 7.54% since November 14, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Zoetis Inc. (NYSE:ZTS) had its price objective increased by analysts at BMO Capital Markets from $65.00 to $70.00 in a note issued to investors on Friday, November 3rd. (NYSE:ZTS) traded down $0.17 during midday trading on Monday, reaching $69.13.

Zoetis (NYSE:ZTS) last posted its earnings results on Wednesday, November 2nd. It has outperformed by 13.19% the S&P500.

Alphamark Advisors Llc, which manages about $314.05M and $233.72M US Long portfolio, decreased its stake in Total System Service (NYSE:TSS) by 5,491 shares to 68,761 shares, valued at $4.01 million in 2017Q2, according to the filing.

Popular, Inc.is maintained at an average outperform rating by 9 stock analysts, and there are at least 3.38% of shares outstanding that are now legally short sold. Therefore 83% are positive. Cantor Fitzgerald set a $75.00 price target on Zoetis and gave the stock a "buy" rating in a report on Monday, August 14th. Zacks downgraded the shares of PG in report on Tuesday, August 4 to "Hold" rating. The rating was initiated by Jefferies with "Buy" on Wednesday, June 15. On Thursday, August 6 the stock rating was upgraded by William Blair to "Outperform". Zoetis now has an average rating of "Buy" and a consensus target price of $67.06. The firm earned "Hold" rating on Wednesday, October 25 by BMO Capital Markets.

Lookout for Price Target? The Boeing Company (BA), McDonald's Corporation (MCD)
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cubist Systematic Strategies Limited Liability Company has invested 0.03% of its portfolio in M I Homes Inc (NYSE:MHO).

Investors sentiment decreased to 1.04 in 2017 Q2. Its down 0.20, from 1.24 in 2017Q1.

Other large investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Zoetis by 16.8% in the second quarter. Girard Prtn Limited reported 42,665 shares. Sei Company holds 730,889 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt, Pennsylvania-based fund reported 36,463 shares. Prudential Financial Inc accumulated 5.63M shares. Pax World Mngmt Limited Liability Corp owns 1.11% invested in Zoetis Inc (NYSE:ZTS) for 316,754 shares. Mitsubishi Ufj And Bk Corporation holds 976,559 shares or 0.12% of its portfolio. Invesco Limited owns 13.05M shares for 0.35% of their portfolio. 6,342 were reported by Rampart Management Ltd Co.

Zoetis Inc. holds a quick ratio of 1.9 with a current ratio of 2.8. The New York-based Kimelman & Baird Ltd has invested 0.38% in Procter & Gamble Co (NYSE:PG). Following the completion of the sale, the insider now owns 22,768 shares in the company, valued at $1,128,154.40. Skoufalos Ioannis sold 3,879 shares worth $334,265.

Zoetis (NYSE ZTS) opened at $68.88 on Thursday. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. ZTS's profit will be $321.59 million for 26.46 P/E if the $0.66 EPS becomes a reality. This is a boost from Zoetis's previous quarterly dividend of $0.10. Harfst & Associates Inc. now owns 1,878 shares of the company's stock valued at $117,000 after purchasing an additional 260 shares during the last quarter. Ltd. raised its stake in shares of Zoetis by 251.9% in the third quarter. Caisse De Depot Et Placement Du Quebec has 0.01% invested in Zoetis Inc (NYSE:ZTS). Pacira Pharmaceuticals Inc (NASDAQ:PCRX) was raised too. Therefore 60% are positive. Zoetis Inc had 60 analyst reports since July 24, 2015 according to SRatingsIntel. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $65.00 price objective on shares of Zoetis in a research report on Friday, September 1st. The stock has "Buy" rating by Deutsche Bank on Monday, July 17. The firm has "Equal-Weight" rating given on Thursday, August 4 by Barclays Capital. Piper Jaffray maintained Zoetis Inc (NYSE:ZTS) on Friday, July 14 with "Buy" rating. Calculated by dividing Zoetis Inc.'s annual earnings by its total assets, investors will note a return on assets of 11.60%. BMO Capital Markets maintained Zoetis Inc (NYSE:ZTS) rating on Friday, November 3. Piper Jaffray maintained Zoetis Inc (NYSE:ZTS) on Friday, September 29 with "Buy" rating. (ZTS) price hitting a mean target of $71.82 a share, meaning the stock still has potential that could lift the price another 4.27% Also, the recent close suggests the stock is underpriced by 17.6% compared to the most bullish target.

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