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

Robeco Institutional Asset Management B.V. reduced its stake in TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) by 30.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. 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 0.65% of TIM worth $49,187,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TIMB. Itau Unibanco Holding S.A. raised its position in TIM by 64.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,769,904 shares of the company's stock worth $20,814,000 after buying an additional 696,454 shares during the last quarter. Schroder Investment Management Group purchased a new stake in TIM in the 4th quarter valued at approximately $5,666,000. Renaissance Technologies LLC increased its position in TIM by 19.7% during the 4th 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 stake in shares of TIM by 8.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company's stock worth $22,732,000 after buying an additional 152,061 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of TIM by 278.8% in the 4th quarter. Marshall Wace LLP now owns 178,023 shares of the company's stock valued at $2,094,000 after buying an additional 131,023 shares during the period.

TIM Trading Up 5.0%

NYSE:TIMB opened at $19.57 on Friday. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 0.85 and a beta of 0.60. TIM S.A. Sponsored ADR has a one year low of $11.32 and a one year high of $19.73. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.86 and a current ratio of 0.88. The business's 50-day simple moving average is $17.51 and its 200 day simple moving average is $15.04.

TIM (NYSE:TIMB - Get Free Report) last released 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 analysts' expectations of $6.38 billion. TIM had a return on equity of 13.17% and a net margin of 13.30%. As a group, sell-side analysts predict that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current fiscal year.

TIM Dividend Announcement

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

Analysts Set New Price Targets

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

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.

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