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Zoetis Inc.'s stock fell despite strong earnings and a dividend, as a major investor sold off shares.
Zoetis Inc., an animal health company, saw its shares drop as Angeles Wealth Management sold off part of its holdings.
Despite this, Zoetis reported strong earnings, beating estimates with $1.48 EPS and a 1.4% increase in revenue.
The company also declared a $0.50 quarterly dividend.
Analysts predict a "Moderate Buy" with a target price of $204.63, and Zoetis has a market cap of $67.64 billion.
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Las acciones de Zoetis Inc. cayeron a pesar de las fuertes ganancias y un dividendo, ya que un importante inversor vendió sus acciones.