TIM S.A. Sponsored ADR $TIMB Shares Bought by Banco BTG Pactual S.A.

Key Points

• Banco BTG Pactual S.A. significantly increased its ownership in TIM S.A. by 1,302.9% during the first quarter, now holding 260,933 shares worth approximately $4.08 million.
• Several investors, including Farther Finance Advisors LLC, also reported substantial increases in their stakes in TIM, with some raising their positions by up to 30,036.4%.
• TIM's shares have a 52-week range between $11.32 and $21.03, and the company recently announced a $0.1189 per share dividend with a yield of 720.0%.

Banco BTG Pactual S.A. grew its position in shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) by 1,302.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,933 shares of the company's stock after purchasing an additional 242,333 shares during the period. TIM makes up about 1.0% of Banco BTG Pactual S.A.'s investment portfolio, making the stock its 27th largest position. Banco BTG Pactual S.A. owned approximately 0.05% of TIM worth $4,084,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of TIM by 29.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,258 shares of the company's stock worth $67,000 after buying an additional 969 shares during the last quarter. Blue Trust Inc. increased its stake in shares of TIM by 26.2% in 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 during the last quarter. GAMMA Investing LLC increased 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 buying an additional 1,647 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of TIM by 10.3% in 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 during the last quarter. Finally, Two Sigma Advisers LP increased its stake 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 worth $690,000 after buying an additional 2,900 shares during the last quarter.

TIM Price Performance

TIMB stock traded up $0.2750 during trading on Monday, hitting $21.2250. The company had a trading volume of 109,094 shares, compared to its average volume of 498,081. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 0.83 and a beta of 0.60. The business has a 50 day moving average of $19.43 and a 200 day moving average of $17.11. TIM S.A. Sponsored ADR has a fifty-two week low of $11.32 and a fifty-two week high of $21.36. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54.

TIM (NYSE:TIMB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $6.62 billion. TIM had a net margin of 13.91% and a return on equity of 13.99%. As a group, research analysts predict that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current year.

TIM Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Tuesday, October 28th. Investors of record on Monday, August 4th will be issued a $0.1189 dividend. The ex-dividend date of this dividend is Monday, August 4th. This represents a yield of 720.0%. TIM's dividend payout ratio is presently 67.44%.

Analyst Ratings Changes

A number of analysts recently issued reports on TIMB shares. HSBC lowered shares of TIM to a "hold" rating in a research note on Friday, June 13th. 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, July 7th. JPMorgan Chase & Co. boosted their target price on shares of TIM from $22.00 to $24.50 and gave the company an "overweight" rating in a research note on Friday, August 8th. Hsbc Global Res lowered shares of TIM from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 12th. Finally, Scotiabank boosted their target price on shares of TIM from $19.10 to $23.60 and gave the company a "sector outperform" rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, TIM currently has a consensus rating of "Hold" and a consensus price target of $21.25.

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.