Asset Management One Co. Ltd. Sells 247,989 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Asset Management One Co. Ltd. decreased its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 81.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,185 shares of the transportation company’s stock after selling 247,989 shares during the quarter. Asset Management One Co. Ltd.’s holdings in ZTO Express (Cayman) were worth $1,193,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wetherby Asset Management Inc. increased its holdings in ZTO Express (Cayman) by 3.8% in the first quarter. Wetherby Asset Management Inc. now owns 10,147 shares of the transportation company’s stock worth $291,000 after purchasing an additional 374 shares in the last quarter. Creative Planning increased its stake in shares of ZTO Express (Cayman) by 5.3% in the 4th quarter. Creative Planning now owns 9,009 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 452 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in shares of ZTO Express (Cayman) by 26.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,248 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 466 shares during the period. M&T Bank Corp boosted its stake in ZTO Express (Cayman) by 4.7% during the third quarter. M&T Bank Corp now owns 12,198 shares of the transportation company’s stock worth $293,000 after acquiring an additional 544 shares in the last quarter. Finally, Ethic Inc. boosted its stake in ZTO Express (Cayman) by 6.8% during the first quarter. Ethic Inc. now owns 11,456 shares of the transportation company’s stock worth $328,000 after acquiring an additional 729 shares in the last quarter. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Stock Down 4.5 %

ZTO stock opened at $19.26 on Friday. The firm has a market capitalization of $11.69 billion, a PE ratio of 13.01, a P/E/G ratio of 0.76 and a beta of -0.04. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.12. ZTO Express has a twelve month low of $15.90 and a twelve month high of $30.05. The stock’s 50 day moving average is $19.94 and its 200-day moving average is $20.98.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data on Tuesday, March 19th. The transportation company reported $0.38 earnings per share 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%. Sell-side analysts expect that ZTO Express will post 1.69 EPS for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ZTO shares. Bank of America raised shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and lifted their price target for the company from $22.00 to $29.00 in a research note on Thursday, March 21st. StockNews.com downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. HSBC reduced their price objective on ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. lowered their target price on ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

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.