Crossmark Global Holdings Inc. Purchases 57,562 Shares of TIM S.A. Sponsored ADR (NYSE:TIMB)

Crossmark Global Holdings Inc. lifted its position in shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 624,359 shares of the company's stock after buying an additional 57,562 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.13% of TIM worth $9,771,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its stake in TIM by 8.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company's stock worth $22,732,000 after acquiring an additional 152,061 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in TIM by 64.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,769,904 shares of the company's stock worth $20,814,000 after acquiring an additional 696,454 shares in the last quarter. Renaissance Technologies LLC boosted its stake in TIM by 19.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company's stock worth $20,211,000 after acquiring an additional 283,002 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in TIM by 2.3% during the fourth quarter. JPMorgan Chase & Co. now owns 829,841 shares of the company's stock worth $9,759,000 after acquiring an additional 18,970 shares in the last quarter. Finally, Schroder Investment Management Group bought a new position in TIM during the fourth quarter worth $5,666,000.

TIM Stock Down 1.7%

TIMB traded down $0.32 during trading on Friday, hitting $19.00. 622,652 shares of the company's stock were exchanged, compared to its average volume of 515,219. The business's 50 day moving average is $18.34 and its two-hundred day moving average is $15.61. The stock has a market cap of $9.20 billion, a P/E ratio of 15.20, a PEG ratio of 0.78 and a beta of 0.64. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.57. TIM S.A. Sponsored ADR has a fifty-two week low of $11.32 and a fifty-two week high of $20.78.

TIM (NYSE:TIMB - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.28 EPS for the quarter, beating 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, equities analysts expect that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current fiscal year.

TIM Announces Dividend

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

Analyst Ratings Changes

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

TIM Company 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.