NINE MASTS CAPITAL Ltd Decreases Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

NINE MASTS CAPITAL Ltd lowered its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 11.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,436 shares of the transportation company’s stock after selling 12,886 shares during the quarter. ZTO Express (Cayman) makes up about 0.6% of NINE MASTS CAPITAL Ltd’s holdings, making the stock its 27th biggest holding. NINE MASTS CAPITAL Ltd’s holdings in ZTO Express (Cayman) were worth $2,196,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in ZTO Express (Cayman) by 4.5% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company’s stock worth $390,000 after acquiring an additional 816 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in ZTO Express (Cayman) during the first quarter worth approximately $43,000. First Horizon Advisors Inc. acquired a new stake in ZTO Express (Cayman) during the second quarter worth approximately $45,000. U S Global Investors Inc. raised its holdings in ZTO Express (Cayman) by 32.8% during the first quarter. U S Global Investors Inc. now owns 8,815 shares of the transportation company’s stock worth $185,000 after purchasing an additional 2,179 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in ZTO Express (Cayman) by 4.5% during the first quarter. California State Teachers Retirement System now owns 97,342 shares of the transportation company’s stock worth $2,038,000 after purchasing an additional 4,148 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ZTO. Bank of America raised their price objective on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a “buy” rating in a report on Monday, June 17th. Macquarie cut shares of ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 price objective on the stock. in a report on Wednesday, June 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Stock Performance

Shares of ZTO Express (Cayman) stock opened at $21.95 on Thursday. The firm’s fifty day simple moving average is $20.22 and its 200-day simple moving average is $21.08. The stock has a market capitalization of $13.26 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.01 and a beta of -0.11. ZTO Express has a 12 month low of $15.90 and a 12 month high of $25.90. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.26.

ZTO Express (Cayman) Announces Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, September 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a dividend yield of 4.6%. ZTO Express (Cayman)’s payout ratio is 42.96%.

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.