Ameriprise Financial Inc. Sells 9,766 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Ameriprise Financial Inc. cut its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,951 shares of the transportation company’s stock after selling 9,766 shares during the period. Ameriprise Financial Inc.’s holdings in ZTO Express (Cayman) were worth $625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ZTO. Blue Trust Inc. boosted its holdings in ZTO Express (Cayman) by 119.8% in the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock worth $99,000 after buying an additional 2,758 shares during the period. XY Capital Ltd boosted its holdings in ZTO Express (Cayman) by 208.9% in the 4th quarter. XY Capital Ltd now owns 396,873 shares of the transportation company’s stock worth $7,759,000 after buying an additional 268,387 shares during the period. Lester Murray Antman dba SimplyRich boosted its holdings in ZTO Express (Cayman) by 13.0% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 11,518 shares of the transportation company’s stock worth $225,000 after buying an additional 1,325 shares during the period. ABC Arbitrage SA bought a new position in ZTO Express (Cayman) in the 4th quarter valued at $316,000. Finally, Todd Asset Management LLC boosted its holdings in ZTO Express (Cayman) by 36.5% in the 4th quarter. Todd Asset Management LLC now owns 1,345,583 shares of the transportation company’s stock valued at $26,306,000 after purchasing an additional 359,578 shares during the period. 41.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Citigroup cut their price target on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a “buy” rating for the company in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised shares of ZTO Express (Cayman) from a “neutral” rating to an “overweight” rating and cut their price target for the company from $23.00 to $21.00 in a report on Thursday, May 29th. Bank of America downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and cut their price target for the company from $24.00 to $19.00 in a report on Thursday, May 22nd. Finally, Hsbc Global Res raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ZTO Express (Cayman) currently has an average rating of “Moderate Buy” and an average price target of $21.16.

ZTO Express (Cayman) Stock Performance

ZTO Express (Cayman) stock opened at $17.12 on Wednesday. The firm’s fifty day moving average price is $18.36 and its 200-day moving average price is $19.09. The stock has a market cap of $10.24 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 1.03 and a beta of -0.14. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $27.50.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 earnings per share for the quarter, missing the consensus estimate 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%. On average, analysts predict that ZTO Express will post 1.57 earnings per share for the current year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, April 29th. Investors of record on Thursday, April 10th were given a $0.35 dividend. This represents a yield of 4.7%. The ex-dividend date was Thursday, April 10th. ZTO Express (Cayman)’s payout ratio is presently 43.04%.

ZTO Express (Cayman) 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.