Callan Family Office LLC acquired a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 29,465 shares of the transportation company's stock, valued at approximately $523,000.
A number of other large investors also recently bought and sold shares of ZTO. Mirae Asset Global Investments Co. Ltd. raised its position in ZTO Express (Cayman) by 6.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company's stock valued at $242,000 after purchasing an additional 730 shares in the last quarter. One Wealth Advisors LLC raised its position in ZTO Express (Cayman) by 6.6% during the 2nd quarter. One Wealth Advisors LLC now owns 12,741 shares of the transportation company's stock valued at $226,000 after purchasing an additional 790 shares in the last quarter. First Horizon Advisors Inc. raised its position 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 in the last quarter. Aurora Investment Counsel raised its position in ZTO Express (Cayman) by 1.0% during the 1st quarter. Aurora Investment Counsel now owns 138,210 shares of the transportation company's stock valued at $2,742,000 after purchasing an additional 1,310 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in ZTO Express (Cayman) by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 277,921 shares of the transportation company's stock valued at $5,514,000 after purchasing an additional 1,495 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on ZTO. Zacks Research raised ZTO Express (Cayman) from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 25th. Morgan Stanley set a $24.20 price target on ZTO Express (Cayman) in a research report on Wednesday, July 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of ZTO Express (Cayman) in a research report on Wednesday, October 8th. Finally, Bank of America upped their target price on ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.36.
Read Our Latest Stock Report on ZTO
ZTO Express (Cayman) Price Performance
Shares of NYSE:ZTO opened at $18.64 on Wednesday. The business's 50 day moving average price is $19.14 and its 200-day moving average price is $18.62. The firm has a market capitalization of $11.15 billion, a PE ratio of 12.59, a P/E/G ratio of 7.23 and a beta of -0.18. ZTO Express has a 1 year low of $16.34 and a 1 year high of $25.70.
ZTO Express (Cayman) Cuts Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.29 dividend. This represents a yield of 312.0%. The ex-dividend date of this dividend is Tuesday, September 30th. ZTO Express (Cayman)'s dividend payout ratio (DPR) is currently 39.19%.
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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