ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Acquired by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd boosted its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 36.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,700 shares of the transportation company’s stock after purchasing an additional 5,741 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in ZTO Express (Cayman) were worth $462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of ZTO Express (Cayman) by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 454,262 shares of the transportation company’s stock valued at $10,980,000 after acquiring an additional 2,550 shares in the last quarter. M&T Bank Corp purchased a new stake in ZTO Express (Cayman) during the 3rd quarter worth approximately $1,180,000. Signaturefd LLC raised its position in shares of ZTO Express (Cayman) by 17.4% in the 3rd quarter. Signaturefd LLC now owns 5,887 shares of the transportation company’s stock valued at $142,000 after purchasing an additional 872 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of ZTO Express (Cayman) by 4.0% during the 3rd quarter. Victory Capital Management Inc. now owns 935,184 shares of the transportation company’s stock valued at $22,603,000 after buying an additional 35,844 shares during the last quarter. Finally, Capital Wealth Planning LLC acquired a new stake in shares of ZTO Express (Cayman) during the third quarter worth approximately $349,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

NYSE ZTO traded down $0.43 during trading hours on Friday, hitting $24.08. The company had a trading volume of 3,491,862 shares, compared to its average volume of 4,291,457. The business has a fifty day simple moving average of $21.42 and a 200-day simple moving average of $20.51. The firm has a market cap of $14.61 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.08 and a beta of -0.05. The company has a quick ratio of 1.34, a current ratio of 1.15 and a debt-to-equity ratio of 0.12. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $28.13.

ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Tuesday, March 19th. The transportation company reported $0.38 EPS for the quarter. ZTO Express (Cayman) had a net margin of 21.57% and a return on equity of 15.39%. The firm had revenue of $1.50 billion during the quarter. Equities analysts predict that ZTO Express will post 1.7 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, April 29th. Investors of record on Wednesday, April 10th were paid a dividend of $0.61 per share. This represents a dividend yield of 2.82%. The ex-dividend date was Tuesday, April 9th. ZTO Express (Cayman)’s dividend payout ratio is currently 42.96%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective 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. Bank of America raised shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $22.00 to $29.00 in a report on Thursday, March 21st. Finally, HSBC dropped their target price on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

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.