ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc trimmed its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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.

Other large investors have also recently bought and sold shares of the company. QRG Capital Management Inc. purchased a new stake in ZTO Express (Cayman) in the third quarter valued at $393,000. Van ECK Associates Corp boosted its stake in shares of ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after buying an additional 690 shares during the last quarter. US Bancorp DE grew its holdings in ZTO Express (Cayman) by 6.1% during the third quarter. US Bancorp DE now owns 87,870 shares of the transportation company’s stock worth $2,177,000 after acquiring an additional 5,074 shares during the period. Legacy Wealth Asset Management LLC purchased a new position in ZTO Express (Cayman) during the third quarter valued at approximately $704,000. Finally, Blue Trust Inc. lifted its holdings in ZTO Express (Cayman) by 210.0% in the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 1,560 shares during the period. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Price Performance

NYSE:ZTO opened at $22.69 on Thursday. 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 has a 52 week low of $15.90 and a 52 week high of $27.50. The stock’s 50-day moving average price is $23.67 and its 200-day moving average price is $22.08. The stock has a market capitalization of $13.71 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 1.07 and a beta of -0.09.

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

ZTO Express (Cayman) Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.