ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 68.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,808 shares of the transportation company's stock after selling 121,517 shares during the period. The Manufacturers Life Insurance Company's holdings in ZTO Express (Cayman) were worth $1,179,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in shares of ZTO Express (Cayman) during the first quarter valued at $43,000. First Horizon Advisors Inc. bought a new stake in shares of ZTO Express (Cayman) in the second quarter valued at approximately $45,000. Mendota Financial Group LLC bought a new stake in ZTO Express (Cayman) during the 2nd quarter worth approximately $167,000. O Shaughnessy Asset Management LLC purchased a new position in ZTO Express (Cayman) in the 1st quarter worth approximately $230,000. Finally, Los Angeles Capital Management LLC purchased a new position in ZTO Express (Cayman) in the 2nd quarter worth approximately $271,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Trading Up 1.2 %

NYSE ZTO traded up $0.30 on Friday, reaching $25.99. The company had a trading volume of 1,286,743 shares, compared to its average volume of 3,764,796. The firm has a market cap of $15.77 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 1.20 and a beta of -0.10. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50. The business has a 50 day moving average of $22.18 and a two-hundred day moving average of $21.61. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.26.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The transportation company reported $0.47 EPS for the quarter. ZTO Express (Cayman) had a net margin of 21.22% and a return on equity of 15.51%. The firm had revenue of $1.48 billion during the quarter. Analysts forecast that ZTO Express will post 1.69 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 10th will be issued a $0.35 dividend. This represents a yield of 4.6%. The ex-dividend date is Tuesday, September 10th. ZTO Express (Cayman)'s dividend payout ratio (DPR) is currently 47.89%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ZTO shares. Macquarie downgraded shares of ZTO Express (Cayman) from an "outperform" rating to a "neutral" rating and set a $21.20 price target on the stock. in a report on Wednesday, June 26th. Bank of America boosted their target price on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a "buy" rating in a research note on Monday, June 17th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $27.03.

About ZTO Express (Cayman)

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.