OLD Mission Capital LLC Purchases Shares of 35,285 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 purchased a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 35,285 shares of the transportation company's stock, valued at approximately $700,000.

Several other large investors have also added to or reduced their stakes in ZTO. Deutsche Bank AG lifted its holdings in ZTO Express (Cayman) by 100.9% during the first quarter. Deutsche Bank AG now owns 20,423 shares of the transportation company's stock valued at $405,000 after purchasing an additional 2,398,757 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of ZTO Express (Cayman) in the first quarter worth $13,950,000. XY Capital Ltd lifted its holdings in shares of ZTO Express (Cayman) by 162.4% in the first quarter. XY Capital Ltd now owns 1,041,263 shares of the transportation company's stock worth $20,659,000 after buying an additional 644,390 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of ZTO Express (Cayman) in the fourth quarter worth $10,802,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of ZTO Express (Cayman) by 440.9% in the first quarter. Hsbc Holdings PLC now owns 282,008 shares of the transportation company's stock worth $5,574,000 after buying an additional 229,876 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company's stock.

ZTO Express (Cayman) Stock Down 1.3%

ZTO Express (Cayman) stock opened at $18.20 on Tuesday. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 12.06 and a beta of -0.15. The firm's fifty day moving average is $19.07 and its 200 day moving average is $18.87. ZTO Express has a 52-week low of $16.34 and a 52-week high of $27.50.

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 dividend of $0.29 per share. The ex-dividend date is Tuesday, September 30th. This represents a yield of 330.0%. ZTO Express (Cayman)'s payout ratio is 45.95%.

Wall Street Analyst Weigh In

ZTO has been the topic of several research analyst reports. Morgan Stanley set a $24.20 target price on shares of ZTO Express (Cayman) in a report on Wednesday, July 2nd. Citigroup lowered their target price 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. Bank of America boosted their target price on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Wall Street Zen downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, JPMorgan Chase & Co. raised shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $23.00 to $21.00 in a report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price 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.

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