Charles Schwab Investment Management Inc. Has $5.40 Million Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Charles Schwab Investment Management Inc. boosted its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 47.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 276,426 shares of the transportation company’s stock after buying an additional 89,312 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ZTO Express (Cayman) were worth $5,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. boosted its holdings in ZTO Express (Cayman) by 12.0% in the third quarter. Advisors Asset Management Inc. now owns 12,057 shares of the transportation company’s stock valued at $299,000 after acquiring an additional 1,293 shares during the last quarter. Cerity Partners LLC lifted its position in shares of ZTO Express (Cayman) by 3.7% in the 3rd quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock worth $468,000 after purchasing an additional 674 shares during the period. Pitcairn Co. boosted its stake in shares of ZTO Express (Cayman) by 4.8% in the 3rd quarter. Pitcairn Co. now owns 26,520 shares of the transportation company’s stock valued at $657,000 after purchasing an additional 1,211 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of ZTO Express (Cayman) by 10.0% during the third quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after buying an additional 317,450 shares during the period. Finally, DRW Securities LLC acquired a new stake in shares of ZTO Express (Cayman) during the third quarter worth $411,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on ZTO. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Wednesday. Hsbc Global Res lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. downgraded ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $23.00 in a report on Thursday, March 20th. Finally, HSBC cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating and cut their price target for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.78.

ZTO Express (Cayman) Price Performance

ZTO opened at $19.84 on Wednesday. ZTO Express has a fifty-two week low of $17.89 and a fifty-two week high of $27.50. The firm has a market capitalization of $11.99 billion, a PE ratio of 13.68, a P/E/G ratio of 1.03 and a beta of -0.13. The company’s 50-day moving average is $19.61 and its 200 day moving average is $20.93.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $11.73 billion. ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. As a group, analysts expect that ZTO Express will post 1.57 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.35 per share. This represents a yield of 4.7%. The ex-dividend date is Thursday, April 10th. 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.