17,216 Shares in TIM S.A. Sponsored ADR $TIMB Purchased by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. acquired 17,216 shares of TIM S.A. Sponsored ADR ($TIMB), valued at approximately $269,000, marking a new investment in the company's stock.
• Analysts have mixed ratings on TIMB, with two analysts rating it as a Buy, five as Hold, and a consensus price target of $21.25.
• TIM reported earnings of $0.35 per share for the quarter, exceeding analyst estimates, and announced a dividend yield of 720.0% despite a cut in recent dividends.

Fox Run Management L.L.C. bought a new position in TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,216 shares of the company's stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also made changes to their positions in TIMB. GAMMA Investing LLC grew its holdings in shares of TIM by 119.3% in the first quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock worth $47,000 after purchasing an additional 1,647 shares during the last quarter. Farther Finance Advisors LLC boosted its position in TIM by 30,036.4% in the 1st quarter. Farther Finance Advisors LLC now owns 3,315 shares of the company's stock valued at $53,000 after buying an additional 3,304 shares during the period. Point72 Hong Kong Ltd bought a new position in TIM in the 4th quarter worth about $54,000. PNC Financial Services Group Inc. grew its stake in TIM by 29.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,258 shares of the company's stock worth $67,000 after acquiring an additional 969 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new position in shares of TIM during the first quarter worth approximately $89,000.

Analysts Set New Price Targets

TIMB has been the topic of several research analyst reports. Wall Street Zen raised TIM from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. The Goldman Sachs Group raised their price target on TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Hsbc Global Res downgraded TIM from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th. Barclays increased their target price on shares of TIM from $17.50 to $20.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Finally, HSBC downgraded shares of TIM to a "hold" rating in a research report on Friday, June 13th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.25.

TIM Stock Up 1.0%

Shares of TIMB traded up $0.20 during mid-day trading on Monday, hitting $21.15. 254,995 shares of the company traded hands, compared to its average volume of 384,545. The company has a market capitalization of $10.24 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.83 and a beta of 0.60. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $19.47 and a 200 day moving average of $17.16. TIM S.A. Sponsored ADR has a 1-year low of $11.32 and a 1-year high of $21.36.

TIM (NYSE:TIMB - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. TIM had a net margin of 13.91% and a return on equity of 13.99%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $6.62 billion. Equities research analysts anticipate that TIM S.A. Sponsored ADR will post 1.34 EPS for the current year.

TIM Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Tuesday, October 28th. Stockholders of record on Monday, August 4th will be issued a dividend of $0.1189 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a dividend yield of 720.0%. TIM's payout ratio is 67.44%.

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.