The Manufacturers Life Insurance Company Has $1.18 Million Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

The Manufacturers Life Insurance Company lessened its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 68.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,808 shares of the transportation company’s stock after selling 121,517 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in ZTO Express (Cayman) were worth $1,179,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in ZTO Express (Cayman) in the 1st quarter valued at approximately $43,000. First Horizon Advisors Inc. bought a new position in ZTO Express (Cayman) in the second quarter valued at approximately $45,000. Mendota Financial Group LLC bought a new position in ZTO Express (Cayman) in the second quarter valued at approximately $167,000. O Shaughnessy Asset Management LLC bought a new position in ZTO Express (Cayman) in the first quarter valued at approximately $230,000. Finally, Los Angeles Capital Management LLC bought a new position in ZTO Express (Cayman) in the second quarter valued at approximately $271,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

Shares of NYSE ZTO opened at $25.99 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.12. ZTO Express has a 12 month low of $15.90 and a 12 month high of $27.50. The stock has a 50 day moving average of $22.18 and a 200-day moving average of $21.61. The company has a market capitalization of $15.77 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.20 and a beta of -0.10.

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

ZTO Express (Cayman) Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 10th will be issued a $0.35 dividend. This represents a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 10th. ZTO Express (Cayman)’s dividend payout ratio is 47.89%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Macquarie downgraded ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 price target for the company. in a research note on Wednesday, June 26th. Bank of America raised their price target on ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a “buy” rating in a research note on Monday, June 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and a consensus target price of $27.03.

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.