ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,427 shares of the transportation company’s stock after selling 1,148 shares during the period. Oppenheimer Asset Management Inc.’s holdings in ZTO Express (Cayman) were worth $2,265,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ZTO. GSA Capital Partners LLP grew its position in ZTO Express (Cayman) by 148.7% in the 3rd quarter. GSA Capital Partners LLP now owns 27,745 shares of the transportation company’s stock worth $687,000 after purchasing an additional 16,588 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in ZTO Express (Cayman) by 23.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,363 shares of the transportation company’s stock worth $653,000 after buying an additional 4,943 shares in the last quarter. XY Capital Ltd acquired a new stake in ZTO Express (Cayman) in the 3rd quarter valued at approximately $3,183,000. Confluence Investment Management LLC bought a new stake in ZTO Express (Cayman) during the 3rd quarter valued at $222,000. Finally, QRG Capital Management Inc. bought a new stake in ZTO Express (Cayman) during the 3rd quarter valued at $393,000. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Price Performance

Shares of NYSE:ZTO opened at $21.07 on Friday. The stock’s 50 day moving average price is $23.64 and its 200 day moving average price is $22.09. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.99 and a beta of -0.09. ZTO Express has a 12 month low of $15.90 and a 12 month high of $27.50.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Tuesday, August 20th. The transportation company reported $0.47 earnings per share for the quarter. The business 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%. Equities research analysts anticipate that ZTO Express will post 1.66 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

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

Wall Street Analyst Weigh In

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

About ZTO Express (Cayman)

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.