Hsbc Holdings PLC Raises Stock Position in ZTO Express (Cayman) Inc. $ZTO

Key Points

• Hsbc Holdings PLC significantly increased its stake in ZTO Express (Cayman) Inc. by 440.9%, owning 282,008 shares worth approximately $5.57 million as of the latest reporting period.
• ZTO Express recently announced a semi-annual dividend of $0.29 per share, which will be paid on October 31st, with a yield of 330.0%.
• Analyst ratings for ZTO Express vary, with a consensus rating of "Buy" and a target price averaging $22.36, reflecting mixed outlooks from different financial institutions.

Hsbc Holdings PLC grew its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 440.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 282,008 shares of the transportation company's stock after buying an additional 229,876 shares during the quarter. Hsbc Holdings PLC's holdings in ZTO Express (Cayman) were worth $5,574,000 at the end of the most recent reporting period.

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

ZTO Express (Cayman) Stock Down 1.3%

Shares of NYSE ZTO traded down $0.24 during midday trading on Friday, reaching $18.20. 1,550,970 shares of the company's stock traded hands, compared to its average volume of 2,128,298. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 12.06 and a beta of -0.15. The stock's 50 day simple moving average is $19.05 and its 200-day simple moving average is $18.88. ZTO Express has a one year low of $16.34 and a one year high of $27.50.

ZTO Express (Cayman) Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

ZTO Express (Cayman) Company 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.