42,999 Shares in TIM S.A. Sponsored ADR $TIMB Acquired by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors opened a new position in TIM S.A. Sponsored ADR (NYSE:TIMB), acquiring 42,999 shares valued at about $836,000 in the fourth quarter.
• TIMB shares were down 7.8% after the company reported a quarterly EPS miss of $0.32 versus $0.34 expected and revenue of $1.31B (vs. $1.32B); the firm has a market cap of roughly $12.1B and a PE of 15.24.
• TIM declared a special dividend of $0.1552 payable May 7 (ex-dividend March 30), and analysts have an average rating of "Moderate Buy" with an average price target of $25.90.

Sanctuary Advisors LLC acquired a new position in TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 42,999 shares of the company's stock, valued at approximately $836,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its stake in TIM by 0.3% in the 3rd quarter. Ritholtz Wealth Management now owns 150,793 shares of the company's stock worth $3,366,000 after purchasing an additional 441 shares during the period. Kathmere Capital Management LLC boosted its stake in TIM by 4.4% in the 3rd quarter. Kathmere Capital Management LLC now owns 14,761 shares of the company's stock worth $329,000 after purchasing an additional 627 shares during the period. Royal Bank of Canada boosted its stake in TIM by 1.3% in the 1st quarter. Royal Bank of Canada now owns 62,008 shares of the company's stock worth $970,000 after purchasing an additional 789 shares during the period. TD Waterhouse Canada Inc. boosted its stake in TIM by 2.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 30,747 shares of the company's stock worth $678,000 after purchasing an additional 810 shares during the period. Finally, Altman Advisors Inc. boosted its stake in shares of TIM by 0.7% during the 3rd quarter. Altman Advisors Inc. now owns 121,304 shares of the company's stock valued at $2,708,000 after buying an additional 874 shares during the period.

TIM Stock Down 7.8%

TIMB stock opened at $24.99 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. TIM S.A. Sponsored ADR has a 1 year low of $16.64 and a 1 year high of $28.22. The company has a fifty day simple moving average of $26.21 and a 200 day simple moving average of $23.86. The firm has a market cap of $12.10 billion, a PE ratio of 15.24, a PEG ratio of 1.56 and a beta of 0.43.

TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). TIM had a net margin of 16.00% and a return on equity of 17.96%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. Sell-side analysts anticipate that TIM S.A. Sponsored ADR will post 1.9 EPS for the current fiscal year.

TIM Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, March 30th will be paid a $0.1552 dividend. The ex-dividend date of this dividend is Monday, March 30th. TIM's payout ratio is presently 68.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. New Street Research raised shares of TIM from a "neutral" rating to a "buy" rating in a research note on Tuesday, April 7th. Bradesco Corretora lowered shares of TIM to a "neutral" rating in a research note on Tuesday, April 28th. Scotiabank decreased their target price on shares of TIM from $29.50 to $27.00 and set a "sector perform" rating for the company in a research note on Wednesday. Weiss Ratings raised shares of TIM from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 16th. Finally, Barclays lifted their target price on shares of TIM from $26.00 to $27.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.90.

TIM Profile

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA

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