ZTO Express (Cayman) Inc. $ZTO Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,921 shares of the transportation company’s stock after buying an additional 1,495 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in ZTO Express (Cayman) were worth $5,514,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its holdings in ZTO Express (Cayman) by 106.4% in the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company’s stock valued at $26,000 after buying an additional 664 shares during the period. First Horizon Advisors Inc. grew its holdings in ZTO Express (Cayman) by 70.8% in the 1st quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company’s stock valued at $42,000 after buying an additional 884 shares during the period. U S Global Investors Inc. grew its holdings in ZTO Express (Cayman) by 47.0% in the 1st quarter. U S Global Investors Inc. now owns 10,101 shares of the transportation company’s stock valued at $200,000 after buying an additional 3,229 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of ZTO Express (Cayman) in the 4th quarter valued at about $231,000. Finally, LPL Financial LLC acquired a new position in shares of ZTO Express (Cayman) in the 4th quarter valued at about $232,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Morgan Stanley set a $24.20 target price on ZTO Express (Cayman) in a research report on Wednesday, July 2nd. Bank of America boosted their price target on ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Citigroup lowered their price target on ZTO Express (Cayman) from $26.40 to $22.60 and set a “buy” rating for the company in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upgraded ZTO Express (Cayman) from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $23.00 to $21.00 in a research note on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $22.36.

ZTO Express (Cayman) Trading Down 2.0%

ZTO stock opened at $18.80 on Thursday. The stock has a 50-day moving average price of $19.00 and a 200-day moving average price of $18.90. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50. The firm has a market cap of $11.25 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 12.36 and a beta of -0.18.

ZTO Express (Cayman) Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.29 per share. This represents a yield of 330.0%. The ex-dividend date of this dividend is Tuesday, September 30th. ZTO Express (Cayman)’s dividend payout ratio is 45.95%.

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.