Charles Schwab Investment Management Inc. Has $22.08 Million Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Charles Schwab Investment Management Inc. lifted its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 860,456 shares of the company’s stock after acquiring an additional 36,692 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.72% of ZIM Integrated Shipping Services worth $22,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZIM. California State Teachers Retirement System increased its holdings in shares of ZIM Integrated Shipping Services by 2.4% during the 1st quarter. California State Teachers Retirement System now owns 104,767 shares of the company’s stock worth $1,060,000 after purchasing an additional 2,423 shares during the period. Tidal Investments LLC grew its holdings in shares of ZIM Integrated Shipping Services by 18.4% during the first quarter. Tidal Investments LLC now owns 55,779 shares of the company’s stock worth $564,000 after purchasing an additional 8,665 shares during the last quarter. Cetera Advisors LLC bought a new stake in ZIM Integrated Shipping Services during the 1st quarter worth about $130,000. Mather Group LLC. bought a new stake in shares of ZIM Integrated Shipping Services during the second quarter valued at approximately $96,000. Finally, SG Americas Securities LLC increased its stake in shares of ZIM Integrated Shipping Services by 80.1% in the 2nd quarter. SG Americas Securities LLC now owns 25,897 shares of the company’s stock valued at $574,000 after buying an additional 11,520 shares during the period. 21.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ZIM. Bank of America upped their price objective on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $25.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, November 20th. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $15.74.

ZIM Integrated Shipping Services Trading Up 5.5 %

NYSE:ZIM opened at $20.62 on Friday. The company has a market cap of $2.48 billion, a PE ratio of 1.73, a PEG ratio of 0.04 and a beta of 1.78. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. ZIM Integrated Shipping Services Ltd. has a one year low of $6.97 and a one year high of $30.15. The firm has a 50-day moving average of $22.74 and a 200-day moving average of $20.70.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be given a dividend of $2.81 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $11.24 annualized dividend and a yield of 54.51%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s dividend payout ratio is presently 9.72%.

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.