ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 75.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,837 shares of the company's stock after selling 75,507 shares during the period. Cetera Investment Advisers' holdings in ZIM Integrated Shipping Services were worth $533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Altshuler Shaham Ltd increased its holdings in ZIM Integrated Shipping Services by 650.0% in 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. Employees Retirement System of Texas bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $45,000. Brown Brothers Harriman & Co. bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $79,000. R Squared Ltd bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth about $88,000. Finally, Mark Sheptoff Financial Planning LLC increased its holdings in shares of ZIM Integrated Shipping Services by 26.5% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock worth $92,000 after buying an additional 900 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ZIM. Barclays boosted their target price on shares of ZIM Integrated Shipping Services from $12.00 to $14.20 and gave the stock an "underweight" rating in a report on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a research note on Friday, March 7th. Bank of America dropped their price target on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a research note on Friday, April 11th. Clarkson Capital cut shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target for the company. in a research note on Tuesday, May 20th. Finally, Jefferies Financial Group lifted their price target 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 issued a hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $14.42.

ZIM Integrated Shipping Services Stock Up 0.8%

Shares of NYSE:ZIM traded up $0.14 during trading hours on Thursday, hitting $17.20. The company's stock had a trading volume of 4,882,996 shares, compared to its average volume of 6,151,051. The firm's fifty day moving average price is $15.10 and its 200 day moving average price is $18.44. ZIM Integrated Shipping Services Ltd. has a 52 week low of $11.04 and a 52 week high of $30.15. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 1.44, a P/E/G ratio of 0.27 and a beta of 1.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings results on Monday, May 19th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.56. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, research analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were given a dividend of $3.17 per share. This is a boost 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 dividend on an annualized basis and a yield of 73.71%. ZIM Integrated Shipping Services's dividend payout ratio is presently 5.94%.

About ZIM Integrated Shipping Services

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.