In 1984, Wang and Zheng (J. Comput. Math. 1984, 1, 70–76) introduced a new fourth order iterative method for the simultaneous computation of all zeros of a polynomial. In this paper, we present new local and semilocal convergence theorems with error estimates for Wang–Zheng’s method. Our results improve the earlier ones due to Wang and Wu (Computing 1987, 38, 75–87) and Petković, Petković, and Rančić (J. Comput. Appl. Math. 2007, 205, 32–52).