Astoria Portfolio Advisors LLC. Buys Shares of 45,036 ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Astoria Portfolio Advisors LLC. acquired a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 45,036 shares of the company’s stock, valued at approximately $967,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fairman Group LLC purchased a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. lifted its position in ZIM Integrated Shipping Services by 2,341.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after buying an additional 1,850 shares during the last quarter. American Capital Advisory LLC purchased a new position in ZIM Integrated Shipping Services during the third quarter worth about $69,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at about $71,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Down 0.3 %

NYSE ZIM opened at $16.58 on Friday. ZIM Integrated Shipping Services Ltd. has a 52 week low of $9.08 and a 52 week high of $30.15. The firm has a 50 day moving average of $21.26 and a two-hundred day moving average of $20.63. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $2.00 billion, a PE ratio of 1.39, a price-to-earnings-growth ratio of 0.22 and a beta of 1.77.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced 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. The ex-dividend date was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a dividend yield of 67.81%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. ZIM Integrated Shipping Services’s payout ratio is presently 9.72%.

Analysts Set New Price Targets

Several brokerages have recently commented on ZIM. Barclays decreased their price objective 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. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Jefferies Financial Group cut their price objective on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, December 17th. Finally, Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.