Menora Mivtachim Holdings LTD. Has $10.21 Million Holdings in ZIM Integrated Shipping Services Ltd. $ZIM

Key Points

• Menora Mivtachim Holdings LTD. has reduced its stake in ZIM Integrated Shipping Services by 50%, selling 700,504 shares, now holding 0.58% of the company valued at approximately $10.2 million.
• Recent analyst reports have mixed ratings for ZIM, with Jefferies raising their price target to $17 while Clarkson Capital downgraded it to $20, reflecting divided opinions on the stock's potential.
• ZIM Integrated Shipping Services announced a dividend of $0.74 per share, translating to a substantial dividend yield of 1,696.0%, with a payout ratio of only 4.76%.

Menora Mivtachim Holdings LTD. reduced its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 700,000 shares of the company's stock after selling 700,504 shares during the period. Menora Mivtachim Holdings LTD. owned about 0.58% of ZIM Integrated Shipping Services worth $10,213,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ZIM. Altshuler Shaham Ltd increased its holdings in shares of ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock valued at $32,000 after acquiring an additional 1,300 shares during the last quarter. New York State Common Retirement Fund acquired a new position in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $30,000. Employees Retirement System of Texas acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $45,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $186,000. Finally, Miracle Mile Advisors LLC acquired a new position in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $146,000. 21.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ZIM shares. Citigroup restated a "sell" rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Clarkson Capital downgraded ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 target price for the company. in a research note on Tuesday, May 20th. Barclays raised their price objective on ZIM Integrated Shipping Services from $14.20 to $14.80 and gave the stock an "underweight" rating in a research report on Friday, June 27th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $17.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday. Two analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Strong Sell" and a consensus target price of $14.82.

ZIM Integrated Shipping Services Price Performance

ZIM stock traded down $0.7650 during midday trading on Thursday, reaching $14.5650. 4,734,096 shares of the company's stock traded hands, compared to its average volume of 6,248,081. The company has a 50-day simple moving average of $16.24 and a two-hundred day simple moving average of $16.71. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.03 and a 1-year high of $30.15. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 0.75, a PEG ratio of 0.21 and a beta of 1.75. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.16.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $1.50 by ($1.31). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 26.52% and a return on equity of 63.46%. On average, analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is currently 4.76%.

ZIM Integrated Shipping Services 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.