Principal Financial Group Inc. Decreases Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Principal Financial Group Inc. decreased its position in ZTO Express (Cayman) Inc. (NYSE:ZTOFree Report) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,290,133 shares of the transportation company’s stock after selling 143,745 shares during the quarter. Principal Financial Group Inc. owned approximately 0.21% of ZTO Express (Cayman) worth $27,454,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ZTO. Nordea Investment Management AB boosted its stake in shares of ZTO Express (Cayman) by 15.0% during the 4th quarter. Nordea Investment Management AB now owns 1,661,908 shares of the transportation company’s stock valued at $35,432,000 after purchasing an additional 216,367 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of ZTO Express (Cayman) by 63.4% during the 3rd quarter. American Century Companies Inc. now owns 683,899 shares of the transportation company’s stock valued at $16,530,000 after purchasing an additional 265,356 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of ZTO Express (Cayman) by 674.4% during the 4th quarter. SG Americas Securities LLC now owns 533,287 shares of the transportation company’s stock valued at $11,348,000 after purchasing an additional 464,422 shares in the last quarter. Taikang Asset Management Hong Kong Co Ltd boosted its stake in shares of ZTO Express (Cayman) by 189.7% during the 3rd quarter. Taikang Asset Management Hong Kong Co Ltd now owns 125,460 shares of the transportation company’s stock valued at $3,032,000 after purchasing an additional 82,160 shares in the last quarter. Finally, Brandes Investment Partners LP boosted its stake in shares of ZTO Express (Cayman) by 15.2% during the 3rd quarter. Brandes Investment Partners LP now owns 1,527,359 shares of the transportation company’s stock valued at $36,916,000 after purchasing an additional 201,334 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ZTO shares. JPMorgan Chase & Co. cut their target price on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Bank of America raised shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $22.00 to $29.00 in a research note on Thursday, March 21st. HSBC dropped their price objective on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Finally, StockNews.com lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

View Our Latest Stock Analysis on ZTO Express (Cayman)

ZTO Express (Cayman) Trading Up 4.3 %

NYSE:ZTO opened at $24.59 on Friday. ZTO Express has a one year low of $15.90 and a one year high of $30.05. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.34 and a quick ratio of 1.34. The company’s 50-day simple moving average is $21.09 and its 200 day simple moving average is $20.47. The firm has a market capitalization of $14.92 billion, a P/E ratio of 17.32, a PEG ratio of 1.50 and a beta of -0.05.

ZTO Express (Cayman) (NYSE:ZTOGet Free Report) last issued its earnings results on Tuesday, March 19th. The transportation company reported $0.38 earnings per share (EPS) for the quarter. The firm had revenue of $1.50 billion for the quarter. ZTO Express (Cayman) had a net margin of 21.57% and a return on equity of 15.39%. As a group, analysts forecast that ZTO Express will post 1.7 EPS for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

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

ZTO Express (Cayman) Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

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