Charles Schwab Investment Management Inc. reduced its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 835,758 shares of the company's stock after selling 24,698 shares during the period. Charles Schwab Investment Management Inc. owned 0.69% of ZIM Integrated Shipping Services worth $17,944,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Sunbelt Securities Inc. purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $71,000. Mark Sheptoff Financial Planning LLC lifted its holdings in ZIM Integrated Shipping Services by 126.7% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company's stock worth $87,000 after purchasing an additional 1,900 shares in the last quarter. R Squared Ltd purchased a new position in ZIM Integrated Shipping Services in the 4th quarter worth approximately $88,000. HighTower Advisors LLC purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $263,000. Finally, GSA Capital Partners LLP purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $363,000. 21.42% of the stock is owned by hedge funds and other institutional investors.
ZIM Integrated Shipping Services Trading Down 0.8 %
Shares of NYSE ZIM traded down $0.15 during trading hours on Friday, hitting $17.82. 10,035,054 shares of the company traded hands, compared to its average volume of 5,664,021. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 1.49, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The company's 50 day moving average price is $18.86 and its 200 day moving average price is $20.58. ZIM Integrated Shipping Services Ltd. has a 12 month low of $9.47 and a 12 month high of $30.15.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, beating the consensus estimate of $3.47 by $1.19. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. On average, equities research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.
ZIM Integrated Shipping Services Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be given a dividend of $3.17 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $12.68 annualized dividend and a dividend yield of 71.16%. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's payout ratio is currently 6.51%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Friday, March 7th. Barclays reduced their price objective on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a research note on Monday, March 17th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, ZIM Integrated Shipping Services has an average rating of "Hold" and a consensus price target of $13.54.
Check Out Our Latest Analysis on ZIM
ZIM Integrated Shipping Services Company Profile
(
Free Report)
ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.
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