Fifth Third Bancorp Has $1.30 Million Stock Position in ZTO Express (Cayman) Inc. $ZTO

Fifth Third Bancorp lowered its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,159 shares of the transportation company’s stock after selling 743 shares during the quarter. Fifth Third Bancorp’s holdings in ZTO Express (Cayman) were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Deutsche Bank AG increased its position in ZTO Express (Cayman) by 100.9% during the first quarter. Deutsche Bank AG now owns 20,423 shares of the transportation company’s stock worth $405,000 after buying an additional 2,398,757 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of ZTO Express (Cayman) during the 1st quarter valued at about $13,950,000. XY Capital Ltd increased its holdings in shares of ZTO Express (Cayman) by 162.4% during the 1st quarter. XY Capital Ltd now owns 1,041,263 shares of the transportation company’s stock valued at $20,659,000 after acquiring an additional 644,390 shares during the last quarter. Woodline Partners LP bought a new position in shares of ZTO Express (Cayman) in the 1st quarter valued at approximately $6,765,000. Finally, Hhlr Advisors LTD. lifted its holdings in ZTO Express (Cayman) by 54.0% in the 1st quarter. Hhlr Advisors LTD. now owns 671,387 shares of the transportation company’s stock worth $13,320,000 after purchasing an additional 235,460 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Stock Up 0.4%

Shares of ZTO stock opened at $19.31 on Friday. ZTO Express has a 12 month low of $16.34 and a 12 month high of $27.50. The firm has a market cap of $11.55 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 7.84 and a beta of -0.15. The stock has a 50 day moving average of $19.34 and a 200-day moving average of $18.72.

ZTO Express (Cayman) Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a yield of 330.0%. ZTO Express (Cayman)’s dividend payout ratio is 39.19%.

Analysts Set New Price Targets

Several brokerages have commented on ZTO. Morgan Stanley set a $24.20 price target on ZTO Express (Cayman) in a report on Wednesday, July 2nd. Zacks Research upgraded shares of ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a research note on Thursday. Finally, Bank of America lifted their target price on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.