Charles Schwab Investment Management Inc. lifted its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 47.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 276,426 shares of the transportation company's stock after acquiring an additional 89,312 shares during the period. Charles Schwab Investment Management Inc.'s holdings in ZTO Express (Cayman) were worth $5,404,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new stake in shares of ZTO Express (Cayman) in the third quarter valued at approximately $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in ZTO Express (Cayman) in the 3rd quarter valued at $46,000. Blue Trust Inc. boosted its stake in ZTO Express (Cayman) by 119.8% during the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock worth $99,000 after purchasing an additional 2,758 shares during the period. Confluence Investment Management LLC grew its position in ZTO Express (Cayman) by 14.8% during the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock worth $201,000 after purchasing an additional 1,326 shares during the last quarter. Finally, Schechter Investment Advisors LLC increased its stake in ZTO Express (Cayman) by 12.0% in the fourth 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 and hedge funds.
ZTO Express (Cayman) Stock Down 1.7 %
Shares of ZTO Express (Cayman) stock traded down $0.34 during trading on Friday, hitting $19.88. 589,691 shares of the company were exchanged, compared to its average volume of 3,033,145. The firm has a 50 day moving average price of $19.67 and a 200 day moving average price of $20.92. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 1.03 and a beta of -0.13. ZTO Express has a fifty-two week low of $17.89 and a fifty-two week high of $27.50.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company 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%. Analysts predict that ZTO Express will post 1.57 earnings per share for the current year.
ZTO Express (Cayman) Dividend Announcement
The company also recently declared a semi-annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 4.7%. ZTO Express (Cayman)'s dividend payout ratio (DPR) is presently 45.95%.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. StockNews.com raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and dropped their price target for the stock 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 lowered ZTO Express (Cayman) from a "buy" rating to a "hold" rating and lowered their price objective for the company from $28.00 to $20.00 in a report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, ZTO Express (Cayman) currently has a consensus rating of "Hold" and a consensus target price of $22.78.
Get Our Latest Stock Analysis on ZTO
ZTO Express (Cayman) Company 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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