Sigma Planning Corp Sells 8,288 Shares of ZIM Integrated Shipping Services Ltd. $ZIM

Sigma Planning Corp lowered its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 19.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,331 shares of the company’s stock after selling 8,288 shares during the period. Sigma Planning Corp’s holdings in ZIM Integrated Shipping Services were worth $536,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in ZIM Integrated Shipping Services by 20.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock worth $68,879,000 after acquiring an additional 788,514 shares in the last quarter. American Century Companies Inc. lifted its position in shares of ZIM Integrated Shipping Services by 19.1% in the 1st quarter. American Century Companies Inc. now owns 2,280,289 shares of the company’s stock worth $33,269,000 after purchasing an additional 366,205 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of ZIM Integrated Shipping Services by 10.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,546,383 shares of the company’s stock valued at $24,881,000 after purchasing an additional 150,841 shares during the last quarter. Citigroup Inc. boosted its stake in shares of ZIM Integrated Shipping Services by 1.1% in the 1st quarter. Citigroup Inc. now owns 1,325,312 shares of the company’s stock valued at $19,336,000 after purchasing an additional 14,088 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the second quarter worth $15,850,000. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Trading Up 0.0%

ZIM opened at $14.67 on Friday. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $11.03 and a fifty-two week high of $30.15. The firm has a market capitalization of $1.77 billion, a PE ratio of 0.88 and a beta of 1.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 1.11. The company’s 50-day moving average is $13.96 and its 200 day moving average is $15.39.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Wednesday, August 20th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($1.31). The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 23.37% and a return on equity of 50.61%. As a group, research analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. ZIM Integrated Shipping Services’s payout ratio is currently 1.44%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ZIM shares. Weiss Ratings restated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th. Jefferies Financial Group restated a “hold” rating and set a $17.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, August 20th. Wall Street Zen downgraded ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. Citigroup reissued a “sell” rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Strong Sell” and an average price target of $14.62.

ZIM Integrated Shipping Services Profile

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.