JPMorgan Chase & Co. Sells 381,086 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

JPMorgan Chase & Co. trimmed its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 21.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430,361 shares of the company's stock after selling 381,086 shares during the quarter. JPMorgan Chase & Co. owned 1.19% of ZIM Integrated Shipping Services worth $30,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ZIM. HighTower Advisors LLC acquired a new stake in ZIM Integrated Shipping Services during the third quarter valued at $263,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth about $2,612,000. Public Employees Retirement System of Ohio acquired a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter valued at about $3,364,000. Geode Capital Management LLC grew its stake in shares of ZIM Integrated Shipping Services by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 88,086 shares of the company's stock valued at $2,260,000 after buying an additional 2,873 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in ZIM Integrated Shipping Services in the third quarter worth approximately $71,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZIM has been the topic of several analyst reports. Jefferies Financial Group restated a "hold" rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. Bank of America lowered their target price on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research report on Friday, March 7th. Finally, Barclays lowered their price objective on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an "underweight" rating on the stock in a report on Monday, March 17th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $13.36.

ZIM Integrated Shipping Services Stock Performance

ZIM stock traded up $1.21 during mid-day trading on Friday, reaching $13.81. 6,576,829 shares of the stock traded hands, compared to its average volume of 6,069,080. The firm has a market capitalization of $1.66 billion, a PE ratio of 1.16, a P/E/G ratio of 0.27 and a beta of 1.84. The business has a 50-day moving average of $17.77 and a two-hundred day moving average of $19.98. ZIM Integrated Shipping Services Ltd. has a 52 week low of $9.75 and a 52 week high of $30.15. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced 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 during 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%. As a group, equities analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were paid a $3.17 dividend. This is an increase from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 annualized dividend and a dividend yield of 91.84%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 6.51%.

ZIM Integrated Shipping Services Company Profile

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.