Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) by 17.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,198 shares of the company's stock after selling 23,000 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in TIM were worth $1,709,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of TIMB. Blue Trust Inc. boosted its stake in TIM by 26.2% during the first quarter. Blue Trust Inc. now owns 7,687 shares of the company's stock worth $120,000 after buying an additional 1,597 shares in the last quarter. GAMMA Investing LLC boosted its stake in TIM by 119.3% during the first quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock worth $47,000 after buying an additional 1,647 shares in the last quarter. Quantinno Capital Management LP boosted its stake in TIM by 10.3% during the fourth quarter. Quantinno Capital Management LP now owns 19,388 shares of the company's stock worth $228,000 after buying an additional 1,810 shares in the last quarter. Two Sigma Advisers LP boosted its stake in TIM by 5.2% during the fourth quarter. Two Sigma Advisers LP now owns 58,700 shares of the company's stock worth $690,000 after buying an additional 2,900 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in TIM by 30,036.4% during 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.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. HSBC downgraded shares of TIM to a "hold" rating in a research note on Friday, June 13th. Wall Street Zen downgraded shares of TIM from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 15th. The Goldman Sachs Group boosted their target price on shares of 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 shares of TIM from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 12th. Finally, Barclays boosted their target price on shares of TIM from $17.50 to $20.00 and gave the company an "equal weight" rating in a research note on Monday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $18.17.
View Our Latest Report on TIMB
TIM Price Performance
Shares of NYSE:TIMB traded down $0.47 on Tuesday, hitting $19.90. The stock had a trading volume of 456,746 shares, compared to its average volume of 514,726. The firm's 50 day moving average price is $18.18 and its 200-day moving average price is $15.49. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 0.93 and a beta of 0.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.86 and a current ratio of 0.88. TIM S.A. Sponsored ADR has a twelve month low of $11.32 and a twelve month high of $20.78.
TIM (NYSE:TIMB - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $6.38 billion. TIM had a net margin of 13.30% and a return on equity of 13.17%. On average, equities research analysts predict that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current year.
TIM Dividend Announcement
The business also recently declared an annual dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, May 23rd will be given a dividend of $0.1086 per share. The ex-dividend date is Friday, May 23rd. This represents a yield of 7.6%. TIM's dividend payout ratio (DPR) is 61.60%.
TIM Company Profile
(
Free Report)
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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