OLD Mission Capital LLC Invests $700,000 in ZTO Express (Cayman) Inc. $ZTO

Key Points

• OLD Mission Capital LLC has acquired 35,285 shares of ZTO Express (Cayman) Inc., valued at approximately $700,000, during the first quarter.
• ZTO Express (Cayman) has recently cut its dividend to $0.29 per share, with a yield of 330.0%, and will pay this on October 31st.
• Wall Street analysts have mixed ratings for ZTO Express with a consensus rating of "Buy" and an average target price of $22.36.

OLD Mission Capital LLC bought a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 35,285 shares of the transportation company's stock, valued at approximately $700,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bridgefront Capital LLC boosted its stake in ZTO Express (Cayman) by 98.9% in the 4th quarter. Bridgefront Capital LLC now owns 24,264 shares of the transportation company's stock valued at $474,000 after purchasing an additional 12,064 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in shares of ZTO Express (Cayman) in the 4th quarter valued at approximately $978,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of ZTO Express (Cayman) during the fourth quarter worth $231,000. Quantinno Capital Management LP increased its holdings in ZTO Express (Cayman) by 20.5% in the 4th quarter. Quantinno Capital Management LP now owns 18,444 shares of the transportation company's stock worth $361,000 after purchasing an additional 3,133 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in ZTO Express (Cayman) during the 4th quarter worth approximately $10,802,000. 41.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ZTO. Citigroup decreased their price target on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Wall Street Zen downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Bank of America upped their price target 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. Morgan Stanley set a $24.20 price objective on ZTO Express (Cayman) in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. upgraded shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $23.00 to $21.00 in a report on Thursday, May 29th. One equities research 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 stock. Based on data from MarketBeat, ZTO Express (Cayman) presently has a consensus rating of "Buy" and an average target price of $22.36.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock traded up $0.17 during trading hours on Friday, reaching $18.36. The company had a trading volume of 1,726,591 shares, compared to its average volume of 1,947,182. The company has a market cap of $10.99 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 12.16 and a beta of -0.15. ZTO Express has a 12 month low of $16.34 and a 12 month high of $27.50. The business has a fifty day simple moving average of $19.10 and a 200-day simple moving average of $18.81.

ZTO Express (Cayman) Cuts Dividend

The company also recently disclosed 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 330.0%. The ex-dividend date of this dividend is Tuesday, September 30th. ZTO Express (Cayman)'s dividend payout ratio is presently 45.95%.

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.