Ritholtz Wealth Management Increases Stock Holdings in TIM S.A. Sponsored ADR (NYSE:TIMB)

Ritholtz Wealth Management raised its position in TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) by 43.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 97,026 shares of the company's stock after buying an additional 29,302 shares during the period. Ritholtz Wealth Management's holdings in TIM were worth $1,518,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake 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 acquiring an additional 1,647 shares during the last quarter. Quantinno Capital Management LP boosted its stake in TIM by 10.3% during the 4th quarter. Quantinno Capital Management LP now owns 19,388 shares of the company's stock worth $228,000 after purchasing an additional 1,810 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of TIM by 1,005.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after buying an additional 2,211 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of TIM by 5.2% in the fourth quarter. Two Sigma Advisers LP now owns 58,700 shares of the company's stock valued at $690,000 after buying an additional 2,900 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of TIM by 30,036.4% in 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.

TIM Trading Up 0.7%

TIMB stock traded up $0.14 during midday trading on Friday, hitting $19.38. 271,914 shares of the company's stock were exchanged, compared to its average volume of 510,273. TIM S.A. Sponsored ADR has a 1-year low of $11.32 and a 1-year high of $19.54. The business has a 50-day simple moving average of $17.09 and a two-hundred day simple moving average of $14.83. The stock has a market capitalization of $9.38 billion, a PE ratio of 15.50, a P/E/G ratio of 0.87 and a beta of 0.60. 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 (NYSE:TIMB - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $6.38 billion. TIM had a return on equity of 13.17% and a net margin of 13.30%. On average, sell-side analysts predict that TIM S.A. Sponsored ADR will post 1.34 EPS for the current fiscal year.

TIM Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, May 23rd will be issued a $0.1086 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 7.6%. TIM's dividend payout ratio (DPR) is presently 68.80%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TIMB shares. Wall Street Zen cut shares of TIM from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 15th. HSBC cut TIM to a "hold" rating in a report on Friday, June 13th. Barclays set a $17.50 price objective on TIM in a research note on Wednesday, May 7th. The Goldman Sachs Group raised their target price on TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Finally, Hsbc Global Res cut shares of TIM from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 12th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TIM presently has an average rating of "Hold" and an average target price of $17.33.

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.