Invesco Ltd. cut its position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 21.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,177,765 shares of the transportation company's stock after selling 2,482,766 shares during the quarter. Invesco Ltd. owned about 1.52% of ZTO Express (Cayman) worth $179,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of ZTO. Charles Schwab Investment Management Inc. boosted its stake in ZTO Express (Cayman) by 112.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company's stock valued at $4,635,000 after buying an additional 98,877 shares during the period. Stifel Financial Corp raised its stake in ZTO Express (Cayman) by 8.5% in the third quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company's stock valued at $915,000 after purchasing an additional 2,888 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in ZTO Express (Cayman) in the 3rd quarter worth approximately $4,721,000. Confluence Investment Management LLC increased its holdings in shares of ZTO Express (Cayman) by 14.8% in the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock worth $201,000 after buying an additional 1,326 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of ZTO Express (Cayman) by 2,787.7% during the 4th quarter. SG Americas Securities LLC now owns 295,725 shares of the transportation company's stock valued at $5,781,000 after buying an additional 285,484 shares in the last quarter. 41.65% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently commented on ZTO shares. HSBC raised ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 target price on the stock in a research note on Monday. StockNews.com raised ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, March 26th. JPMorgan Chase & Co. lowered ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $25.00 to $23.00 in a research note on Thursday, March 20th. Finally, Hsbc Global Res raised shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ZTO Express (Cayman) presently has an average rating of "Moderate Buy" and a consensus price target of $23.28.
View Our Latest Stock Report on ZTO Express (Cayman)
ZTO Express (Cayman) Stock Performance
ZTO stock traded up $0.06 during trading on Friday, hitting $18.82. 1,035,245 shares of the company traded hands, compared to its average volume of 2,974,467. The company has a 50-day moving average of $19.52 and a 200-day moving average of $20.46. ZTO Express has a 1 year low of $16.34 and a 1 year high of $27.50. The firm has a market capitalization of $11.26 billion, a PE ratio of 12.98, a P/E/G ratio of 1.03 and a beta of -0.03.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.02). The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $11.73 billion. ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. Sell-side analysts expect that ZTO Express will post 1.57 EPS for the current year.
ZTO Express (Cayman) Dividend Announcement
The company also recently announced a semi-annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 4.7%. ZTO Express (Cayman)'s dividend payout ratio is currently 45.95%.
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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