Mon Sep 23 17:42:58 UTC 2024: ## Zoetis (ZTS) Stock Sees Increased Investment from Institutional Investors

**New York, NY – September 23, 2024** – Zoetis Inc. (NYSE: ZTS), a leading provider of animal health products and services, has seen an increase in investment from several major institutional investors.

J. Stern & Co. LLP, a prominent investment firm, boosted its stake in Zoetis by 4.1% during the second quarter, acquiring an additional 7,515 shares, according to its recent SEC filing. Zoetis now represents 3.9% of J. Stern & Co. LLP’s investment portfolio, making it the firm’s 13th largest holding.

Other notable institutional investors also increased their holdings in Zoetis during the fourth quarter:

* **Aveo Capital Partners LLC** initiated a new position worth $225,000.
* **Gryphon Financial Partners LLC** expanded its stake by 11.8%, now owning 3,056 shares valued at $601,000.
* **TrinityPoint Wealth LLC** increased its position by 0.3%, now owning 22,319 shares valued at $4,405,000.
* **Franklin Resources Inc.** raised its stake by 8.9%, now holding 161,489 shares valued at $31,873,000.
* **SageView Advisory Group LLC** increased its stake by 9.1%, now owning 5,553 shares valued at $1,063,000.

Overall, institutional investors and hedge funds now own 92.80% of Zoetis’ stock.

This surge in institutional investment comes as several research analysts have expressed positive sentiments about the company. Stifel Nicolaus, Piper Sandler, Argus, and BTIG Research have all recently raised their price targets and maintained “Buy” or “Strong-Buy” ratings on Zoetis.

Zoetis’ stock opened at $192.64 on Monday, with a 12-month low of $144.80 and a 12-month high of $201.92. The company boasts a market cap of $87.90 billion and a consensus “Buy” rating with an average price target of $220.38 from analysts, according to MarketBeat.com.

Zoetis’ focus on both livestock and companion animal health, combined with positive analyst sentiment and increased institutional investment, suggests a promising future for the company.

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