Kathmere Capital Management LLC Takes $284,000 Position in TIM S.A. Sponsored ADR $TIMB

Key Points

• Kathmere Capital Management LLC acquired a new stake in TIM S.A. Sponsored ADR, purchasing 14,134 shares valued at approximately $284,000 in the second quarter.
• Wall Street analysts have varying ratings on TIMB, with Barclays raising the price objective from $17.50 to $20.00 and Scotiabank increasing theirs from $19.10 to $23.60, indicating mixed growth expectations.
• TIM has announced a special dividend of $0.1888 per share, set to be paid on January 28th, which reflects a payout ratio of 67.44%.

Kathmere Capital Management LLC acquired a new stake in TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,134 shares of the company's stock, valued at approximately $284,000.

Several other hedge funds also recently modified their holdings of the business. Ballentine Partners LLC bought a new position in TIM in the second quarter worth $387,000. Farther Finance Advisors LLC lifted its position in TIM by 19.3% in the second quarter. Farther Finance Advisors LLC now owns 3,956 shares of the company's stock worth $80,000 after purchasing an additional 641 shares during the period. Parallel Advisors LLC lifted its position in TIM by 27.8% in the second quarter. Parallel Advisors LLC now owns 6,233 shares of the company's stock worth $125,000 after purchasing an additional 1,355 shares during the period. Goldman Sachs Group Inc. lifted its position in TIM by 4.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company's stock worth $16,539,000 after purchasing an additional 47,130 shares during the period. Finally, Amundi bought a new position in TIM in the first quarter worth $87,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TIMB shares. Wall Street Zen raised TIM from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 20th. HSBC lowered TIM to a "hold" rating in a research note on Friday, June 13th. Barclays increased their price objective on TIM from $17.50 to $20.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Hsbc Global Res lowered TIM from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 12th. Finally, Scotiabank increased their price objective on TIM from $19.10 to $23.60 and gave the stock a "sector outperform" rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $21.25.

TIM Price Performance

Shares of TIMB stock opened at $21.49 on Monday. The stock has a 50-day moving average price of $20.37 and a 200 day moving average price of $18.29. 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 firm has a market cap of $10.40 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 0.85 and a beta of 0.69. TIM S.A. Sponsored ADR has a 12 month low of $11.32 and a 12 month high of $22.08.

TIM (NYSE:TIMB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.04. TIM had a return on equity of 13.99% and a net margin of 13.91%.The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $6.62 billion. Research analysts expect that TIM S.A. Sponsored ADR will post 1.34 EPS for the current year.

TIM Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.1888 per share. The ex-dividend date is Friday, October 3rd. 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.

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