ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Position Boosted by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,086 shares of the company’s stock after purchasing an additional 2,873 shares during the period. Geode Capital Management LLC owned approximately 0.07% of ZIM Integrated Shipping Services worth $2,260,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at $3,364,000. Y Intercept Hong Kong Ltd acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth about $2,612,000. HighTower Advisors LLC acquired a new position in shares of ZIM Integrated Shipping Services in the third quarter worth about $263,000. Mark Sheptoff Financial Planning LLC increased its position in shares of ZIM Integrated Shipping Services by 126.7% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock worth $87,000 after acquiring an additional 1,900 shares in the last quarter. Finally, PDT Partners LLC raised its stake in ZIM Integrated Shipping Services by 48.7% during the 3rd quarter. PDT Partners LLC now owns 255,292 shares of the company’s stock valued at $6,551,000 after purchasing an additional 83,625 shares during the period. 21.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ZIM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.50 price target on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Jefferies Financial Group cut their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, December 17th. Finally, Barclays lifted their price target on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a report on Monday, November 25th. Five equities research 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. According to MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of “Hold” and an average price target of $15.14.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM opened at $21.46 on Wednesday. The company has a market capitalization of $2.58 billion, a PE ratio of 1.80, a price-to-earnings-growth ratio of 0.04 and a beta of 1.77. 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 $9.08 and a one year high of $30.15. The company’s fifty day moving average price is $22.17 and its 200 day moving average price is $20.79.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $2.81 per share. This represents a $11.24 annualized dividend and a dividend yield of 52.38%. The ex-dividend date was Monday, December 2nd. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s payout ratio is currently 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.