Oppenheimer Asset Management Inc. Invests $1.92 Million in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Oppenheimer Asset Management Inc. purchased a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 92,575 shares of the transportation company’s stock, valued at approximately $1,921,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZTO. EntryPoint Capital LLC bought a new position in shares of ZTO Express (Cayman) in the first quarter valued at $43,000. First Horizon Advisors Inc. acquired a new position in ZTO Express (Cayman) during the 2nd quarter valued at about $45,000. Barometer Capital Management Inc. bought a new stake in ZTO Express (Cayman) during the 4th quarter worth approximately $126,000. Mendota Financial Group LLC bought a new stake in ZTO Express (Cayman) during the 2nd quarter worth approximately $167,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of ZTO Express (Cayman) in the first quarter worth approximately $230,000. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Price Performance

Shares of NYSE ZTO opened at $22.33 on Wednesday. The company has a market capitalization of $13.55 billion, a PE ratio of 15.72, a PEG ratio of 1.03 and a beta of -0.11. 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 stock’s 50 day moving average price is $20.36 and its 200-day moving average price is $21.17. ZTO Express has a twelve month low of $15.90 and a twelve month high of $25.13.

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

ZTO Express (Cayman) Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on ZTO shares. Bank of America lifted their target price on ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a “buy” rating in a research report on Monday, June 17th. Macquarie downgraded shares of ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 price objective on the stock. in a report on Wednesday, June 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, ZTO Express (Cayman) presently has an average rating of “Moderate Buy” and a consensus target price of $27.03.

About ZTO Express (Cayman)

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.