Greenwoods Asset Management Hong Kong Ltd. decreased its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 0.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,557,350 shares of the transportation company's stock after selling 59,727 shares during the period. ZTO Express (Cayman) accounts for about 4.0% of Greenwoods Asset Management Hong Kong Ltd.'s holdings, making the stock its 8th largest position. Greenwoods Asset Management Hong Kong Ltd. owned about 1.10% of ZTO Express (Cayman) worth $130,098,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. UMB Bank n.a. increased its holdings in shares of 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 acquiring an additional 664 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of 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 acquiring an additional 730 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of 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 acquiring an additional 884 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of ZTO Express (Cayman) by 5.9% during the 4th quarter. Cerity Partners LLC now owns 20,035 shares of the transportation company's stock valued at $392,000 after acquiring an additional 1,122 shares during the last quarter. Finally, Aurora Investment Counsel increased its holdings in shares of 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 acquiring an additional 1,310 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company's stock.
ZTO Express (Cayman) Stock Performance
Shares of ZTO stock remained flat at $19.08 during mid-day trading on Friday. The company's stock had a trading volume of 1,946,397 shares, compared to its average volume of 2,285,935. The company has a 50 day moving average of $18.90 and a 200 day moving average of $18.91. ZTO Express has a 52 week low of $16.34 and a 52 week high of $27.50. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 12.32 and a beta of -0.18.
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. 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
A number of research analysts have recently commented on ZTO shares. Wall Street Zen lowered ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $23.00 to $21.00 in a report on Thursday, May 29th. Bank of America raised their target price on ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a "neutral" rating in a report on Wednesday. Citigroup lowered their target price on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Finally, Morgan Stanley set a $24.20 target price on ZTO Express (Cayman) in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $22.36.
Read Our Latest Stock Analysis on ZTO
About ZTO Express (Cayman)
(
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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