Bulltick Wealth Management LLC Takes $967,000 Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Bulltick Wealth Management LLC purchased a new stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 66,300 shares of the company’s stock, valued at approximately $967,000.

Several other hedge funds also recently modified their holdings of ZIM. Altshuler Shaham Ltd grew its holdings in shares of ZIM Integrated Shipping Services by 650.0% in the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock worth $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 in the 1st quarter worth $30,000. Employees Retirement System of Texas acquired a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth $45,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of ZIM Integrated Shipping Services in the 4th quarter worth $186,000. Finally, Miracle Mile Advisors LLC acquired a new position in shares of ZIM Integrated Shipping Services in the 1st quarter worth $146,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZIM has been the topic of a number of recent research reports. Clarkson Capital cut ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a report on Tuesday, May 20th. Barclays raised their target price 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. Jefferies Financial Group lifted their price target on ZIM Integrated Shipping Services from $16.00 to $17.00 and gave the company a “hold” rating in a report on Tuesday, May 20th. Finally, Citigroup reiterated a “sell” rating on shares of ZIM Integrated Shipping Services in a report on Monday. Five research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $14.82.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $17.84 on Tuesday. 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 current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 0.91, a P/E/G ratio of 0.21 and a beta of 1.75. The stock’s fifty day simple moving average is $16.32 and its 200-day simple moving average is $16.75.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings data on Monday, May 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.56. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.84 billion. ZIM Integrated Shipping Services had a return on equity of 63.46% and a net margin of 26.52%. During the same quarter last year, the firm earned $0.75 earnings per share. On average, sell-side analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, June 3rd were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 1,696.0%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 4.76%.

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.