E Fund Management Co. Ltd. Has $7.08 Million Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

E Fund Management Co. Ltd. lifted its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 2.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 341,040 shares of the transportation company’s stock after acquiring an additional 7,002 shares during the period. ZTO Express (Cayman) makes up approximately 0.4% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 29th largest position. E Fund Management Co. Ltd.’s holdings in ZTO Express (Cayman) were worth $7,077,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ZTO. EntryPoint Capital LLC acquired a new position in shares of ZTO Express (Cayman) in the first quarter valued at about $43,000. First Horizon Advisors Inc. acquired a new position in shares of ZTO Express (Cayman) in the second quarter valued at about $45,000. Barometer Capital Management Inc. acquired a new position in shares of ZTO Express (Cayman) in the fourth quarter valued at about $126,000. Mendota Financial Group LLC acquired a new position in shares of ZTO Express (Cayman) in the second quarter valued at about $167,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of ZTO Express (Cayman) in the first quarter valued at about $230,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on ZTO. Bank of America upped their price target on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a “buy” rating in a research note 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 for the company. in a research report on Wednesday, June 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Trading Up 0.9 %

ZTO opened at $22.33 on Wednesday. ZTO Express has a twelve month low of $15.90 and a twelve month high of $25.13. The company has a 50-day simple moving average of $20.36 and a 200 day simple moving average of $21.17. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 1.04 and a beta of -0.11.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings data on Tuesday, August 20th. The transportation company reported $0.47 earnings per share for the quarter. ZTO Express (Cayman) had a net margin of 21.22% and a return on equity of 15.51%. The business had revenue of $1.48 billion during the quarter. Analysts predict that ZTO Express will post 1.69 EPS for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

The business 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 is Tuesday, September 10th. This represents a dividend yield of 4.6%. ZTO Express (Cayman)’s dividend payout ratio (DPR) is currently 47.89%.

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.