Caisse DE Depot ET Placement DU Quebec Sells 81,500 Shares of ZTO Express (Cayman) Inc. $ZTO

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its holdings in ZTO Express (Cayman) by 21.1%, owning approximately 0.05% of the company worth $6.04 million after selling 81,500 shares in Q1.
• Despite the reduction in Caisse DE Depot's stake, other institutional investors increased their positions significantly, with UMB Bank n.a. raising its stake by 106.4% and Brooklyn Investment Group lifting its stake by an astonishing 443,600%.
• ZTO Express (Cayman) recently declared a semi-annual $0.29 dividend, with a dividend yield of 330.0%, indicating strong shareholder returns amidst fluctuations in stock performance.

Caisse DE Depot ET Placement DU Quebec trimmed its position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 21.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,635 shares of the transportation company's stock after selling 81,500 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.05% of ZTO Express (Cayman) worth $6,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in ZTO Express (Cayman) by 106.4% during the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock valued at $26,000 after purchasing an additional 664 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in ZTO Express (Cayman) by 70.8% during the 1st quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company's stock valued at $42,000 after purchasing an additional 884 shares during the last quarter. Brooklyn Investment Group boosted its stake in ZTO Express (Cayman) by 443,600.0% during the 1st quarter. Brooklyn Investment Group now owns 4,437 shares of the transportation company's stock valued at $88,000 after purchasing an additional 4,436 shares during the last quarter. U S Global Investors Inc. boosted its stake in ZTO Express (Cayman) by 47.0% during the 1st quarter. U S Global Investors Inc. now owns 10,101 shares of the transportation company's stock valued at $200,000 after purchasing an additional 3,229 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in ZTO Express (Cayman) during the 4th quarter valued at about $231,000. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Stock Up 0.8%

ZTO Express (Cayman) stock traded up $0.15 during trading on Wednesday, hitting $18.02. The stock had a trading volume of 375,849 shares, compared to its average volume of 2,513,128. ZTO Express has a 1 year low of $16.34 and a 1 year high of $27.50. The stock's 50 day moving average is $19.07 and its two-hundred day moving average is $18.86. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 12.06 and a beta of -0.15.

ZTO Express (Cayman) Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.29 dividend. The ex-dividend date is Tuesday, September 30th. This represents a yield of 330.0%. ZTO Express (Cayman)'s dividend payout ratio is presently 45.95%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ZTO shares. Citigroup cut their price target on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Morgan Stanley set a $24.20 price target on ZTO Express (Cayman) in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. upgraded ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and cut their price target for the company from $23.00 to $21.00 in a research note on Thursday, May 29th. Bank of America lifted their price target on ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $22.36.

ZTO Express (Cayman) 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.