Sumitomo Mitsui DS Asset Management Company Ltd Has $398,000 Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 42.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,697 shares of the transportation company’s stock after selling 13,600 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in ZTO Express (Cayman) were worth $398,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ZTO. Blue Trust Inc. grew its stake in shares of ZTO Express (Cayman) by 1,333.1% in the 4th quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock valued at $106,000 after purchasing an additional 4,626 shares during the period. U S Global Investors Inc. raised its stake in ZTO Express (Cayman) by 50.6% during the fourth quarter. U S Global Investors Inc. now owns 6,636 shares of the transportation company’s stock worth $141,000 after acquiring an additional 2,231 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of ZTO Express (Cayman) by 17.4% during the third quarter. Signaturefd LLC now owns 5,887 shares of the transportation company’s stock valued at $142,000 after acquiring an additional 872 shares during the period. Cigna Investments Inc. New acquired a new stake in shares of ZTO Express (Cayman) in the 3rd quarter valued at $206,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of ZTO Express (Cayman) in the 3rd quarter worth about $245,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ZTO shares. JPMorgan Chase & Co. cut their price target on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, March 21st. StockNews.com downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. HSBC dropped their price target on ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Finally, Bank of America raised ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $22.00 to $29.00 in a research note on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $30.00.

ZTO Express (Cayman) Stock Up 0.7 %

NYSE:ZTO opened at $21.22 on Friday. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 0.79 and a beta of -0.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s fifty day moving average price is $20.41 and its two-hundred day moving average price is $20.75. ZTO Express has a 52-week low of $15.90 and a 52-week high of $30.05.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings results on Tuesday, March 19th. The transportation company reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $1.50 billion for the quarter. ZTO Express (Cayman) had a return on equity of 15.24% and a net margin of 22.70%. On average, analysts anticipate that ZTO Express will post 1.69 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.61 per share. This represents a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday, April 9th. ZTO Express (Cayman)’s dividend payout ratio is 41.22%.

ZTO Express (Cayman) Company 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.