Envestnet Asset Management Inc. Sells 9,164 Shares of ZTO Express (Cayman) Inc. $ZTO

Envestnet Asset Management Inc. cut its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 1.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 568,636 shares of the transportation company’s stock after selling 9,164 shares during the period. Envestnet Asset Management Inc.’s holdings in ZTO Express (Cayman) were worth $10,093,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC lifted its holdings in shares of ZTO Express (Cayman) by 30.6% during the 1st quarter. Cerity Partners LLC now owns 26,170 shares of the transportation company’s stock worth $519,000 after acquiring an additional 6,135 shares during the last quarter. Aurora Investment Counsel increased its stake in ZTO Express (Cayman) by 1.0% in the first quarter. Aurora Investment Counsel now owns 138,210 shares of the transportation company’s stock valued at $2,742,000 after acquiring an additional 1,310 shares during the last quarter. Ping Capital Management Inc. purchased a new stake in ZTO Express (Cayman) during the first quarter valued at about $317,000. Advisors Preferred LLC bought a new stake in ZTO Express (Cayman) during the first quarter worth about $649,000. Finally, One Wealth Advisors LLC purchased a new position in shares of ZTO Express (Cayman) in the 1st quarter worth about $237,000. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Down 0.3%

Shares of ZTO Express (Cayman) stock opened at $18.85 on Monday. The company’s fifty day simple moving average is $18.92 and its two-hundred day simple moving average is $18.68. ZTO Express has a 12-month low of $16.34 and a 12-month high of $22.70. The firm has a market cap of $11.28 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 7.36 and a beta of -0.20.

ZTO Express (Cayman) Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were issued a dividend of $0.29 per share. This represents a yield of 312.0%. The ex-dividend date was Tuesday, September 30th. ZTO Express (Cayman)’s payout ratio is currently 39.19%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ZTO shares. Bank of America increased their price objective on ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.36.

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.