IHT Wealth Management LLC Acquires Shares of 23,816 ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

IHT Wealth Management LLC purchased a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,816 shares of the company's stock, valued at approximately $511,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC lifted its position in shares of ZIM Integrated Shipping Services by 3.4% in the third quarter. Geode Capital Management LLC now owns 88,086 shares of the company's stock worth $2,260,000 after buying an additional 2,873 shares during the last quarter. Virtu Financial LLC bought a new position in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at approximately $893,000. JPMorgan Chase & Co. lifted its holdings in ZIM Integrated Shipping Services by 59.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company's stock worth $46,482,000 after purchasing an additional 674,723 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in ZIM Integrated Shipping Services during the fourth quarter worth approximately $5,509,000. Finally, Merit Financial Group LLC acquired a new position in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $2,232,000. Institutional investors and hedge funds own 21.42% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on ZIM. Bank of America decreased their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating for the company in a report on Friday, April 11th. Barclays decreased their price target on shares of ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Finally, Jefferies Financial Group restated a "hold" rating and set a $18.00 target price 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 MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $13.06.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM traded up $0.39 during trading hours on Wednesday, reaching $15.11. 3,662,901 shares of the company traded hands, compared to its average volume of 6,308,046. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The stock's fifty day moving average is $16.39 and its 200 day moving average is $19.35. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.03 and a 1-year high of $30.15. The stock has a market cap of $1.82 billion, a P/E ratio of 1.27, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $1.19. The company 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%. 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 firm 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 a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date was Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a dividend yield of 83.92%. ZIM Integrated Shipping Services's dividend payout ratio is currently 6.51%.

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.