Are investment organizations bearish on ZTS?

February 27, 2019 at 1:06 am | Matthew D.

Hedge Funds Buying ZTS

Several hedge funds have bought Zoetis stock. Two Sigma Advisers has been loading up Zoetis shares over the past several months, adding 90,200 shares in the 2nd quarter and 1,039,400 more shares in the 3rd quarter, expanding the cumulative number of shares owned by the firm to 1,149,111. The hedge fund now holds a $98.3 million position in ZTS, making up 0.27% of the hedge fund's investment portfolio. This adds up to a growth of 947.40% over the prior quarter's 109,711 shares.

Point72 Asset Management acquired a new $12.8 million position in ZTS. The hedge fund snapped up 150,000 shares over the previous quarter, making up 0.08% of the firm's stock portfolio.

Hudson Bay Capital Management purchased a new stake in ZTS valued at $2.4 million. The fund snapped up 27,600 shares in the previous quarter, comprising 0.07% of the hedge fund's investment portfolio.

Hedge Funds Selling ZTS

Alyeska Investment Group traded away 669,873 shares of ZTS, decreasing the cumulative number of shares owned by the hedge fund to 116,744, valued at $9,986,000. This represents a drop of -85.16% over the past quarter's 786,617 shares. Zoetis now forms 0.16% of the fund's holdings.

Redmile Group off-loaded its $22.4 million holdings in Zoetis. The fund unloaded 253,300 shares of the company in the last quarter.

Tudor Investment traded away 33,723 shares of ZTS, dwindling the total number of shares held by the fund to 13,673, valued at $1,170,000. This adds up to a reduction of -71.15% over the previous quarter's 47,396 shares. ZTS now makes up 0.08% of the firm's holdings.

Top Holders of ZTS

The top investors in ZTS are Cantillon Capital Management, Eaton Vance Management, and Clough Capital Partners. 26,430 shares of ZTS were snapped up by Cantillon Capital Management, inflating the cumulative number of shares owned by the fund to 3,802,421, valued at $325,259,000. This amounts to an increase of 0.70% over the prior quarter's 3,775,991 shares. ZTS now accounts for 3.93% of the firm's portfolio.

Eaton Vance Management has been gradually disposing off Zoetis shares throughout the last few quarters, off-loading 228,577 shares in the 2nd quarter and an additional 76,468 shares in the 3rd quarter, bringing the cumulative number of shares held by the fund to 2,471,211. The hedge fund now has a $211.4 million position in ZTS, making up 0.55% of the hedge fund's stock portfolio. This evaluates to a decline of -3.00% over the last quarter's 2,547,679 shares.

49,470 shares of ZTS were bought by Clough Capital Partners, boosting the total number of shares held by the firm to 49,470, valued at $4,232,000. This amounts to an increase of% over the last quarter's 0 shares. Zoetis now constitutes 0.50% of the fund's investment portfolio.

ZTS Stock Price

ZTS fell 0.95% on February 26, sinking to a day's low of 93 before rising to finish trading at 93.49. The stock kick started the day at 94.02, approximately -0.39% away from its last close of 94.39. ZTS is trading 21.42% higher than its year low price of 77.00 and is within a close range of its 52-week high of 96.57. ZTS has a hefty price/earnings ratio of 31.88 and a below average dividend yield of 0.70%. The company has a market capitalization of $44.76B.