Midwest Trust Co Buys Shares of 10,840 ZTO Express (Cayman) Inc. $ZTO

Midwest Trust Co purchased a new position in ZTO Express (Cayman) Inc. (NYSE:ZTO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,840 shares of the transportation company’s stock, valued at approximately $192,000.

Several other hedge funds and other institutional investors have also modified their holdings of ZTO. Hantz Financial Services Inc. boosted its position in ZTO Express (Cayman) by 986.2% during the second quarter. Hantz Financial Services Inc. now owns 3,856 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 3,501 shares during the last quarter. Brooklyn Investment Group increased its position in ZTO Express (Cayman) by 443,600.0% in the 1st quarter. Brooklyn Investment Group now owns 4,437 shares of the transportation company’s stock worth $88,000 after purchasing an additional 4,436 shares during the last quarter. One Wealth Advisors LLC purchased a new stake in shares of ZTO Express (Cayman) during the 1st quarter worth about $237,000. Savant Capital LLC raised its stake in shares of ZTO Express (Cayman) by 11.5% during the 2nd quarter. Savant Capital LLC now owns 12,242 shares of the transportation company’s stock worth $217,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of ZTO Express (Cayman) by 7.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,173 shares of the transportation company’s stock valued at $234,000 after buying an additional 961 shares during the last quarter. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ZTO. Zacks Research upgraded ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note on Wednesday, October 8th. Finally, Bank of America increased their price target on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.36.

ZTO Express (Cayman) Stock Down 1.9%

Shares of ZTO stock opened at $19.00 on Friday. ZTO Express has a 12 month low of $16.34 and a 12 month high of $22.01. The company has a market cap of $11.37 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 7.56 and a beta of -0.20. The business’s 50 day moving average is $19.00 and its two-hundred day moving average is $18.69.

ZTO Express (Cayman) Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were paid a $0.29 dividend. The ex-dividend date was Tuesday, September 30th. This represents a yield of 312.0%. ZTO Express (Cayman)’s dividend payout ratio (DPR) is presently 39.19%.

About ZTO Express (Cayman)

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.