J.W. Cole Advisors Inc. Sells 1,898 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

J.W. Cole Advisors Inc. lessened its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating) by 39.9% during the first quarter, HoldingsChannel.com reports. The fund owned 2,854 shares of the company’s stock after selling 1,898 shares during the period. J.W. Cole Advisors Inc.’s holdings in ZIM Integrated Shipping Services were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZIM. Pictet Asset Management SA bought a new stake in ZIM Integrated Shipping Services during the 4th quarter worth approximately $267,000. Diametric Capital LP bought a new stake in ZIM Integrated Shipping Services during the 4th quarter worth approximately $1,552,000. LMR Partners LLP increased its holdings in ZIM Integrated Shipping Services by 3.2% during the 4th quarter. LMR Partners LLP now owns 59,172 shares of the company’s stock worth $3,483,000 after acquiring an additional 1,839 shares during the period. Credit Suisse AG grew its stake in ZIM Integrated Shipping Services by 5,999.9% in the 4th quarter. Credit Suisse AG now owns 964,764 shares of the company’s stock worth $56,786,000 after buying an additional 948,948 shares in the last quarter. Finally, Alpha Paradigm Partners LLC purchased a new position in ZIM Integrated Shipping Services in the 4th quarter worth approximately $817,000. Institutional investors own 42.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup cut shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating in a research note on Monday, August 22nd. Clarkson Capital reissued a “neutral” rating on shares of ZIM Integrated Shipping Services in a research note on Tuesday, June 14th. JPMorgan Chase & Co. raised shares of ZIM Integrated Shipping Services from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $43.60 to $53.30 in a research note on Friday, June 17th. Barclays cut their price target on shares of ZIM Integrated Shipping Services from $76.00 to $63.00 and set an “equal weight” rating for the company in a research note on Friday, August 19th. Finally, The Goldman Sachs Group cut their price target on shares of ZIM Integrated Shipping Services from $60.00 to $30.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.26.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM Integrated Shipping Services stock opened at $27.14 on Thursday. ZIM Integrated Shipping Services Ltd. has a 52-week low of $27.06 and a 52-week high of $91.23. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 0.53 and a beta of 2.43. The company has a fifty day moving average of $43.11 and a 200-day moving average of $54.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.57 and a current ratio of 1.64.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Monday, August 29th were paid a $4.75 dividend. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.85. The ex-dividend date was Friday, August 26th. This represents a $19.00 dividend on an annualized basis and a dividend yield of 70.01%. ZIM Integrated Shipping Services’s dividend payout ratio is 36.83%.

About ZIM Integrated Shipping Services

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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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Institutional Ownership by Quarter for ZIM Integrated Shipping Services (NYSE:ZIM)

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