118,664 Shares in TIM S.A. Sponsored ADR (NYSE:TIMB) Purchased by Altman Advisors Inc.

Altman Advisors Inc. bought a new stake in TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 118,664 shares of the company's stock, valued at approximately $1,979,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TIMB. GAMMA Investing LLC boosted its holdings in TIM by 119.3% during the first quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock worth $47,000 after buying an additional 1,647 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in TIM by 30,036.4% during the first quarter. Farther Finance Advisors LLC now owns 3,315 shares of the company's stock worth $53,000 after buying an additional 3,304 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in TIM during the fourth quarter worth about $54,000. Blue Trust Inc. boosted its holdings in TIM by 26.2% during the first quarter. Blue Trust Inc. now owns 7,687 shares of the company's stock worth $120,000 after buying an additional 1,597 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in TIM during the fourth quarter worth about $146,000.

TIM Trading Down 1.7%

TIMB traded down $0.32 during trading on Friday, hitting $18.24. 365,713 shares of the company's stock were exchanged, compared to its average volume of 514,026. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.57. TIM S.A. Sponsored ADR has a 1 year low of $11.32 and a 1 year high of $20.78. The stock has a 50 day moving average price of $18.49 and a 200 day moving average price of $15.85. The firm has a market cap of $8.83 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 0.75 and a beta of 0.64.

TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $6.38 billion. TIM had a net margin of 13.30% and a return on equity of 13.17%. As a group, analysts expect that TIM S.A. Sponsored ADR will post 1.34 EPS for the current fiscal year.

TIM Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.1086 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 7.6%. TIM's dividend payout ratio (DPR) is 61.60%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TIMB. Barclays upped their price target on shares of TIM from $17.50 to $20.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Wall Street Zen downgraded shares of TIM from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 15th. The Goldman Sachs Group upped their price target on shares of TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a report on Wednesday, April 30th. HSBC downgraded shares of TIM to a "hold" rating in a report on Friday, June 13th. Finally, Hsbc Global Res downgraded shares of TIM from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.17.

About TIM

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.