Marks Group Wealth Management Inc Cuts Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Marks Group Wealth Management Inc decreased its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,273 shares of the transportation company’s stock after selling 816 shares during the quarter. Marks Group Wealth Management Inc’s holdings in ZTO Express (Cayman) were worth $329,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Van ECK Associates Corp increased its position in ZTO Express (Cayman) by 60.8% during the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after purchasing an additional 690 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in ZTO Express (Cayman) in the first quarter valued at approximately $43,000. First Horizon Advisors Inc. purchased a new position in ZTO Express (Cayman) in the second quarter valued at $45,000. Blue Trust Inc. lifted its holdings in ZTO Express (Cayman) by 210.0% during the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock worth $57,000 after buying an additional 1,560 shares during the last quarter. Finally, Mendota Financial Group LLC acquired a new position in ZTO Express (Cayman) in the second quarter valued at approximately $167,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Stock Down 1.2 %

ZTO opened at $22.69 on Thursday. The business has a 50 day moving average price of $23.67 and a two-hundred day moving average price of $22.08. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50. The company has a market cap of $13.71 billion, a PE ratio of 15.87, a P/E/G ratio of 1.07 and a beta of -0.09. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings results on Tuesday, August 20th. The transportation company reported $0.47 earnings per share for the quarter. The firm had revenue of $1.48 billion during the quarter. ZTO Express (Cayman) had a return on equity of 15.51% and a net margin of 21.22%. As a group, research analysts anticipate that ZTO Express will post 1.66 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, September 10th were issued a $0.35 dividend. This represents a dividend yield of 4.6%. The ex-dividend date was Tuesday, September 10th. ZTO Express (Cayman)’s payout ratio is 47.55%.

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.