ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Bought by MBE Wealth Management LLC

MBE Wealth Management LLC boosted its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 58.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,891 shares of the company’s stock after buying an additional 5,890 shares during the quarter. MBE Wealth Management LLC’s holdings in ZIM Integrated Shipping Services were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairman Group LLC acquired a new position in ZIM Integrated Shipping Services during the third quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ZIM Integrated Shipping Services during the third quarter worth about $31,000. Northwestern Mutual Wealth Management Co. grew its position in 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 worth $43,000 after buying an additional 1,850 shares during the period. American Capital Advisory LLC acquired a new position in ZIM Integrated Shipping Services during the third quarter worth about $69,000. Finally, Sunbelt Securities Inc. acquired a new position in ZIM Integrated Shipping Services during the third quarter worth about $71,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM opened at $17.70 on Tuesday. 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 company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 1.48, a PEG ratio of 0.21 and a beta of 1.77. The company’s 50 day simple moving average is $20.26 and its 200 day simple moving average is $20.46. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.08 and a 1 year high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $2.81 per share. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, December 2nd. This represents a $11.24 annualized dividend and a dividend yield of 63.51%. ZIM Integrated Shipping Services’s dividend payout ratio is presently 9.72%.

Analyst Ratings Changes

ZIM has been the topic of several recent research reports. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Barclays reduced their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Jefferies Financial Group reduced their price target on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, December 17th. Finally, Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.04.

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.