Legal & General Group Plc lowered its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 35.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,116,350 shares of the transportation company's stock after selling 1,177,700 shares during the quarter. Legal & General Group Plc owned about 0.35% of ZTO Express (Cayman) worth $41,385,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of ZTO. Blue Trust Inc. lifted its position in shares of ZTO Express (Cayman) by 119.8% in the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock worth $99,000 after buying an additional 2,758 shares during the last quarter. Confluence Investment Management LLC boosted its position 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 worth $201,000 after purchasing an additional 1,326 shares during the period. Schechter Investment Advisors LLC grew 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 purchasing an additional 1,204 shares during the last quarter. Lester Murray Antman dba SimplyRich raised 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 valued at $225,000 after purchasing an additional 1,325 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter worth $232,000. 41.65% of the stock is currently owned by institutional investors.
ZTO Express (Cayman) Price Performance
Shares of NYSE ZTO traded down $0.12 during trading hours on Tuesday, reaching $18.79. The stock had a trading volume of 1,306,603 shares, compared to its average volume of 3,013,606. ZTO Express has a twelve month low of $16.34 and a twelve month high of $27.50. The business's fifty day moving average is $19.55 and its two-hundred day moving average is $20.51. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.03 and a beta of -0.03.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last posted 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 business had revenue of $1.77 billion during 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%. Sell-side analysts forecast that ZTO Express will post 1.57 earnings per share for the current fiscal year.
ZTO Express (Cayman) Dividend Announcement
The business also recently declared a semi-annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Thursday, April 10th will be paid a $0.35 dividend. This represents a yield of 4.7%. The ex-dividend date of this dividend is Thursday, April 10th. ZTO Express (Cayman)'s dividend payout ratio is 45.95%.
Analyst Upgrades and Downgrades
ZTO has been the topic of several recent analyst reports. Hsbc Global Res upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday. HSBC raised ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 target price on the stock in a report on Monday. JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $25.00 to $23.00 in a research report on Thursday, March 20th. Finally, StockNews.com upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, ZTO Express (Cayman) has an average rating of "Moderate Buy" and a consensus target price of $23.28.
Get Our Latest Analysis on ZTO
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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