Bulltick Wealth Management LLC bought a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 66,300 shares of the company's stock, valued at approximately $967,000. Bulltick Wealth Management LLC owned about 0.06% of ZIM Integrated Shipping Services at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZIM. Geode Capital Management LLC grew its position in shares of ZIM Integrated Shipping Services by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 95,839 shares of the company's stock valued at $2,058,000 after acquiring an additional 7,753 shares during the period. Russell Investments Group Ltd. lifted its stake in ZIM Integrated Shipping Services by 121.7% in the 4th quarter. Russell Investments Group Ltd. now owns 12,595 shares of the company's stock valued at $270,000 after buying an additional 6,913 shares in the last quarter. Invesco Ltd. lifted its stake in ZIM Integrated Shipping Services by 0.9% in the 4th quarter. Invesco Ltd. now owns 462,507 shares of the company's stock valued at $9,930,000 after buying an additional 4,201 shares in the last quarter. Legal & General Group Plc lifted its stake in ZIM Integrated Shipping Services by 20.2% in the 4th quarter. Legal & General Group Plc now owns 216,393 shares of the company's stock valued at $4,646,000 after buying an additional 36,342 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in ZIM Integrated Shipping Services in the 4th quarter valued at about $365,000. 21.42% of the stock is owned by institutional investors and hedge funds.
ZIM Integrated Shipping Services Stock Up 0.5%
Shares of NYSE:ZIM traded up $0.08 during trading on Wednesday, hitting $17.42. The company's stock had a trading volume of 4,833,340 shares, compared to its average volume of 4,750,060. The business has a 50 day moving average price of $16.35 and a two-hundred day moving average price of $16.76. The company has a market capitalization of $2.10 billion, a PE ratio of 0.89, a P/E/G ratio of 0.23 and a beta of 1.75. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.10 and a current ratio of 1.18. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $11.03 and a fifty-two week high of $30.15.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $1.89 by $0.56. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. During the same quarter in the previous year, the firm posted $0.75 earnings per share. As a group, research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.
ZIM Integrated Shipping Services Announces Dividend
The company also recently announced a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.74 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 1,696.0%. ZIM Integrated Shipping Services's payout ratio is presently 4.76%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on ZIM shares. Barclays raised their price target on shares of ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the company an "underweight" rating in a research note on Friday, June 27th. Citigroup reissued a "sell" rating on shares of ZIM Integrated Shipping Services in a research note on Monday. Clarkson Capital lowered shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price on the stock. in a research note on Tuesday, May 20th. Finally, Jefferies Financial Group raised their target price on shares of ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the stock a "hold" rating in a research note on Tuesday, May 20th. Five research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $14.82.
Check Out Our Latest Stock Report on ZIM
About ZIM Integrated Shipping Services
(
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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