Creative Planning Has $852,000 Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Creative Planning grew its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 17.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,401 shares of the transportation company’s stock after buying an additional 5,231 shares during the quarter. Creative Planning’s holdings in ZTO Express (Cayman) were worth $852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of ZTO Express (Cayman) by 4.5% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company’s stock valued at $390,000 after buying an additional 816 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of ZTO Express (Cayman) by 0.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 162,992 shares of the transportation company’s stock valued at $3,389,000 after buying an additional 1,047 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of ZTO Express (Cayman) in the first quarter valued at $43,000. First Horizon Advisors Inc. acquired a new stake in ZTO Express (Cayman) in the second quarter worth about $45,000. Finally, Handelsbanken Fonder AB increased its position in ZTO Express (Cayman) by 1.9% in the third quarter. Handelsbanken Fonder AB now owns 227,006 shares of the transportation company’s stock worth $5,623,000 after purchasing an additional 4,134 shares during the period. 41.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

ZTO Express (Cayman) Price Performance

Shares of ZTO stock opened at $23.09 on Friday. The stock has a 50-day moving average price of $23.55 and a 200 day moving average price of $22.01. 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 firm has a market cap of $13.95 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.10 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 EPS for the quarter. The firm 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%. Research analysts expect that ZTO Express will post 1.66 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

The business also recently announced 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 payout ratio is currently 47.55%.

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.