TIM S.A. Sponsored ADR (NYSE:TIMB) Stock Position Cut by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its stake in shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) by 30.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,142,910 shares of the company's stock after selling 1,375,658 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.65% of TIM worth $49,187,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TIMB. Itau Unibanco Holding S.A. raised its holdings in shares of 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 purchasing an additional 696,454 shares during the period. Schroder Investment Management Group acquired a new stake in shares of TIM during the fourth quarter worth $5,666,000. Renaissance Technologies LLC raised its holdings in shares of 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 purchasing an additional 283,002 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 purchasing an additional 152,061 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of TIM by 278.8% during the fourth quarter. Marshall Wace LLP now owns 178,023 shares of the company's stock worth $2,094,000 after purchasing an additional 131,023 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. HSBC cut shares of TIM to a "hold" rating in a report on Friday, June 13th. Hsbc Global Res cut shares of TIM from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th. The Goldman Sachs Group increased their price objective on shares of TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Barclays set a $17.50 price objective on shares of TIM in a report on Wednesday, May 7th. Finally, Wall Street Zen cut shares of TIM from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 15th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $17.33.

TIM Price Performance

TIMB traded up $0.67 on Monday, reaching $20.12. The company had a trading volume of 542,067 shares, compared to its average volume of 514,260. The company has a fifty day moving average of $17.69 and a 200-day moving average of $15.17. The company has a market capitalization of $9.74 billion, a P/E ratio of 16.10, a PEG ratio of 0.88 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 S.A. Sponsored ADR has a one year low of $11.32 and a one year high of $20.16.

TIM (NYSE:TIMB - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $6.38 billion. TIM had a net margin of 13.30% and a return on equity of 13.17%. As a group, equities research analysts anticipate that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current 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 given a $0.1086 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 7.6%. TIM's dividend payout ratio is presently 61.60%.

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.