Meiji Yasuda Life Insurance Co decreased its holdings in Zoetis Inc. (NYSE:ZTS) by 7.5% during the fourth quarter, according to its latest SEC filing. The firm retained 45,930 shares valued at $7,483,000.
Other institutional investors have also adjusted their positions in Zoetis. Atlantic Edge Private Wealth Management LLC increased its stake by 482.8%, while Rakuten Securities Inc. grew its holdings by 5,533.3%. New positions were established by Navigoe LLC ($30,000), Murphy & Mullick Capital Management Corp ($44,000), and Asset Planning Inc ($58,000).
Institutional investors now hold 92.80% of Zoetis’s stock. Recent analyst ratings include:
- StockNews.com upgrading to ‘buy’
- Stifel Nicolaus maintaining ‘buy’ with a $165 target
- Piper Sandler raising target to $205
- Morgan Stanley maintaining ‘overweight’ at $238
- Barclays maintaining ‘overweight’ at $244
The consensus rating is ‘Buy’ with an average price target of $214.40. Insiders have sold 1,862 shares worth $312,254 in the last 90 days. Corporate insiders currently own 0.16% of the stock.
Stock Performance
Zoetis shares opened at $155.72. The company reported $1.40 EPS for the quarter, beating estimates. The firm has a market capitalization of $69.48 billion and a dividend yield of 1.28%.
