Annex Advisory Services LLC Sells 10,000 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Annex Advisory Services LLC reduced its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIMFree Report) by 45.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,802 shares of the company’s stock after selling 10,000 shares during the period. Annex Advisory Services LLC’s holdings in ZIM Integrated Shipping Services were worth $253,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fairman Group LLC bought a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. increased its position in shares of ZIM Integrated Shipping Services by 2,341.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after purchasing an additional 1,850 shares during the period. American Capital Advisory LLC bought a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $69,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $71,000. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Price Performance

ZIM Integrated Shipping Services stock opened at $16.21 on Wednesday. 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 firm has a market cap of $1.95 billion, a P/E ratio of 1.36, a P/E/G ratio of 0.20 and a beta of 1.77. The business’s fifty day moving average is $21.12 and its two-hundred day moving average is $20.56. ZIM Integrated Shipping Services Ltd. has a 52 week low of $9.08 and a 52 week high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a $2.81 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a yield of 69.34%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s payout ratio is currently 9.72%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ZIM shares. Barclays lowered their price objective on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Jefferies Financial Group decreased their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, December 17th. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Finally, Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.04.

Check Out Our Latest Report on ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Profile

(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.

See Also

Want to see what other hedge funds are holding ZIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZIM Integrated Shipping Services Ltd. (NYSE:ZIMFree Report).

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

Receive News & Ratings for ZIM Integrated Shipping Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZIM Integrated Shipping Services and related companies with MarketBeat.com's FREE daily email newsletter.