Bridgewater Associates LP Sells 149,074 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Bridgewater Associates LP reduced its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 90.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,201 shares of the transportation company's stock after selling 149,074 shares during the period. Bridgewater Associates LP's holdings in ZTO Express (Cayman) were worth $317,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ZTO. Blue Trust Inc. lifted its holdings in shares of ZTO Express (Cayman) by 119.8% during the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock valued at $99,000 after buying an additional 2,758 shares during the last quarter. Confluence Investment Management LLC raised its holdings in ZTO Express (Cayman) by 14.8% during the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock valued at $201,000 after buying an additional 1,326 shares in the last quarter. Schechter Investment Advisors LLC raised its holdings in ZTO Express (Cayman) by 12.0% during the fourth quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company's stock valued at $220,000 after buying an additional 1,204 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its position in shares of ZTO Express (Cayman) by 13.0% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 11,518 shares of the transportation company's stock worth $225,000 after buying an additional 1,325 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in shares of ZTO Express (Cayman) during the 4th quarter worth about $232,000. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Down 0.1 %

NYSE ZTO traded down $0.02 on Thursday, reaching $18.99. The company had a trading volume of 3,414,901 shares, compared to its average volume of 2,909,219. The stock's 50 day moving average is $19.46 and its 200-day moving average is $20.25. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.03 and a beta of -0.03. ZTO Express has a 52 week low of $16.34 and a 52 week high of $27.50.

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 for the quarter, missing analysts' consensus estimates of $0.46 by ($0.02). The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate 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, analysts forecast that ZTO Express will post 1.57 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Thursday, April 10th will be paid a $0.35 dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 4.7%. ZTO Express (Cayman)'s payout ratio is 45.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ZTO shares. StockNews.com upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, March 26th. Hsbc Global Res raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. HSBC upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 target price for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered 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. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.28.

ZTO Express (Cayman) Company Profile

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.