WFM ASIA BVI Ltd purchased a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 581,300 shares of the transportation company's stock, valued at approximately $11,364,000. ZTO Express (Cayman) comprises about 1.2% of WFM ASIA BVI Ltd's portfolio, making the stock its 7th biggest position. WFM ASIA BVI Ltd owned 0.10% of ZTO Express (Cayman) at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in ZTO. Cerity Partners LLC boosted its position in shares of ZTO Express (Cayman) by 3.7% during the 3rd quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company's stock valued at $468,000 after purchasing an additional 674 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of ZTO Express (Cayman) by 1.4% in the fourth quarter. Natixis Advisors LLC now owns 64,943 shares of the transportation company's stock valued at $1,270,000 after purchasing an additional 918 shares in the last quarter. Fox Run Management L.L.C. boosted its holdings in ZTO Express (Cayman) by 7.5% during the fourth quarter. Fox Run Management L.L.C. now owns 14,069 shares of the transportation company's stock worth $275,000 after purchasing an additional 980 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of ZTO Express (Cayman) during the third quarter valued at approximately $26,000. Finally, Schechter Investment Advisors LLC grew its stake in ZTO Express (Cayman) by 12.0% in the 4th quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company's stock valued at $220,000 after purchasing an additional 1,204 shares during the period. 41.65% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
ZTO has been the topic of several research reports. StockNews.com raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and cut their target price for the company from $25.00 to $23.00 in a research note on Thursday, March 20th. Hsbc Global Res downgraded shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, HSBC cut shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating and dropped their target price for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of "Hold" and an average price target of $22.78.
Check Out Our Latest Stock Report on ZTO Express (Cayman)
ZTO Express (Cayman) Stock Performance
ZTO traded up $0.19 during trading on Thursday, hitting $17.68. The stock had a trading volume of 2,639,706 shares, compared to its average volume of 3,012,779. The firm has a market capitalization of $10.58 billion, a P/E ratio of 12.17, a PEG ratio of 1.03 and a beta of -0.03. ZTO Express has a twelve month low of $16.34 and a twelve month high of $27.50. The company's 50-day moving average price is $19.58 and its 200 day moving average price is $20.65.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.02). The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $11.73 billion. ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. As a group, equities analysts expect that ZTO Express will post 1.57 earnings per share for the current fiscal year.
ZTO Express (Cayman) Announces Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Thursday, April 10th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a yield of 4.7%. ZTO Express (Cayman)'s payout ratio is currently 45.95%.
ZTO Express (Cayman) Profile
(
Free Report)
ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.
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