Atria Investments Inc Decreases Stock Holdings in ZTO Express (Cayman) Inc. $ZTO

Atria Investments Inc reduced its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 20.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,272 shares of the transportation company’s stock after selling 3,070 shares during the period. Atria Investments Inc’s holdings in ZTO Express (Cayman) were worth $218,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in ZTO Express (Cayman) by 31.1% during the first quarter. Envestnet Asset Management Inc. now owns 577,800 shares of the transportation company’s stock valued at $11,464,000 after acquiring an additional 137,202 shares during the last quarter. Cerity Partners LLC increased its position in shares of ZTO Express (Cayman) by 30.6% during the first quarter. Cerity Partners LLC now owns 26,170 shares of the transportation company’s stock worth $519,000 after purchasing an additional 6,135 shares in the last quarter. Ping Capital Management Inc. purchased a new stake in shares of ZTO Express (Cayman) during the 1st quarter valued at $317,000. Advisors Preferred LLC acquired a new stake in shares of ZTO Express (Cayman) in the 1st quarter worth $649,000. Finally, One Wealth Advisors LLC purchased a new position in ZTO Express (Cayman) during the 1st quarter worth $237,000. Institutional investors own 41.65% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ZTO Express (Cayman) Stock Performance

Shares of ZTO stock opened at $19.00 on Friday. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $22.01. The firm has a market capitalization of $11.37 billion, a PE ratio of 12.84, a P/E/G ratio of 7.56 and a beta of -0.20. The stock’s 50-day simple moving average is $19.00 and its 200-day simple moving average is $18.69.

ZTO Express (Cayman) Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a yield of 312.0%. ZTO Express (Cayman)’s dividend payout ratio (DPR) is currently 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.