Midwest Trust Co Takes Position in ZTO Express (Cayman) Inc. $ZTO

Midwest Trust Co bought a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,840 shares of the transportation company’s stock, valued at approximately $192,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Savant Capital LLC lifted its holdings in ZTO Express (Cayman) by 11.5% in the 2nd quarter. Savant Capital LLC now owns 12,242 shares of the transportation company’s stock valued at $217,000 after acquiring an additional 1,260 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of ZTO Express (Cayman) by 1.0% in the 2nd quarter. Bank of Montreal Can now owns 84,694 shares of the transportation company’s stock worth $1,503,000 after purchasing an additional 812 shares in the last quarter. Virtus Family Office LLC lifted its stake in ZTO Express (Cayman) by 354.3% during the second quarter. Virtus Family Office LLC now owns 217,547 shares of the transportation company’s stock valued at $3,861,000 after purchasing an additional 169,660 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in ZTO Express (Cayman) by 986.2% during the second quarter. Hantz Financial Services Inc. now owns 3,856 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 3,501 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its holdings in ZTO Express (Cayman) by 1.5% during the second quarter. Legacy Wealth Asset Management LLC now owns 137,075 shares of the transportation company’s stock worth $2,433,000 after buying an additional 2,056 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Trading Down 1.9%

NYSE:ZTO opened at $19.00 on Friday. The business’s fifty day moving average price is $19.00 and its 200 day moving average price is $18.69. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 7.56 and a beta of -0.20. ZTO Express has a 1-year low of $16.34 and a 1-year high of $22.01.

ZTO Express (Cayman) Cuts Dividend

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

Analyst Ratings Changes

ZTO has been the topic of several research reports. Zacks Research raised ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a report on Thursday, September 25th. Bank of America boosted their target price on ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.36.

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.