WCM Investment Management LLC Lowers Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

WCM Investment Management LLC reduced its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 9.8% in the 4th quarter, Holdings Channel reports. The fund owned 986,933 shares of the transportation company’s stock after selling 107,186 shares during the period. WCM Investment Management LLC’s holdings in ZTO Express (Cayman) were worth $20,597,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wetherby Asset Management Inc. grew its stake in ZTO Express (Cayman) by 3.8% in the 1st quarter. Wetherby Asset Management Inc. now owns 10,147 shares of the transportation company’s stock worth $291,000 after acquiring an additional 374 shares during the period. Creative Planning grew its stake in ZTO Express (Cayman) by 5.3% in the 4th quarter. Creative Planning now owns 9,009 shares of the transportation company’s stock worth $242,000 after acquiring an additional 452 shares during the period. Advisor Group Holdings Inc. grew its stake in ZTO Express (Cayman) by 26.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,248 shares of the transportation company’s stock worth $61,000 after acquiring an additional 466 shares during the period. M&T Bank Corp grew its stake in ZTO Express (Cayman) by 4.7% in the 3rd quarter. M&T Bank Corp now owns 12,198 shares of the transportation company’s stock worth $293,000 after acquiring an additional 544 shares during the period. Finally, Ethic Inc. grew its stake in ZTO Express (Cayman) by 6.8% in the 1st quarter. Ethic Inc. now owns 11,456 shares of the transportation company’s stock worth $328,000 after acquiring an additional 729 shares during the period. 41.65% of the stock is owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Stock Down 4.5 %

Shares of NYSE:ZTO traded down $0.91 during midday trading on Friday, hitting $19.26. 3,528,087 shares of the company’s stock traded hands, compared to its average volume of 4,766,072. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $11.69 billion, a PE ratio of 13.01, a P/E/G ratio of 0.72 and a beta of -0.04. The firm’s fifty day moving average price is $19.94 and its two-hundred day moving average price is $20.98. ZTO Express has a twelve month low of $15.90 and a twelve month high of $30.05.

ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Tuesday, March 19th. The transportation company reported $0.38 earnings per share for the quarter. The business had revenue of $1.50 billion for the quarter. ZTO Express (Cayman) had a net margin of 22.70% and a return on equity of 15.24%. On average, equities research analysts anticipate that ZTO Express will post 1.69 EPS for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Monday, April 29th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.61 per share. The ex-dividend date is Tuesday, April 9th. This represents a dividend yield of 2.82%. ZTO Express (Cayman)’s payout ratio is 41.22%.

Wall Street Analyst Weigh In

ZTO has been the topic of a number of research analyst reports. StockNews.com lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. HSBC decreased their price target on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Bank of America upgraded shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and lifted their price target for the company from $22.00 to $29.00 in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.00.

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.