US Bancorp DE Has $77,000 Holdings in TIM S.A. Sponsored ADR $TIMB

Key Points

• US Bancorp DE significantly reduced its holdings in TIM S.A. Sponsored ADR by 87.1%, now owning 4,938 shares valued at approximately $77,000.
• Several other investors, including Blue Trust Inc. and GAMMA Investing LLC, increased their stakes in TIM during the first quarter, indicating varied institutional interest in the stock.
• Analysts project a 1.34 EPS for TIM for the current fiscal year, with mixed ratings from research firms impacting the stock's price target.

US Bancorp DE lowered its position in shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) by 87.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,938 shares of the company's stock after selling 33,224 shares during the quarter. US Bancorp DE's holdings in TIM were worth $77,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of TIM by 26.2% during the first quarter. Blue Trust Inc. now owns 7,687 shares of the company's stock valued at $120,000 after acquiring an additional 1,597 shares during the period. GAMMA Investing LLC increased its stake in TIM by 119.3% in the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock valued at $47,000 after buying an additional 1,647 shares during the period. Quantinno Capital Management LP increased its stake in TIM by 10.3% in the 4th quarter. Quantinno Capital Management LP now owns 19,388 shares of the company's stock valued at $228,000 after buying an additional 1,810 shares during the period. Two Sigma Advisers LP increased its stake in TIM by 5.2% in the 4th 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 period. Finally, Farther Finance Advisors LLC increased its stake in TIM by 30,036.4% in the 1st quarter. Farther Finance Advisors LLC now owns 3,315 shares of the company's stock valued at $53,000 after buying an additional 3,304 shares during the period.

TIM Stock Performance

TIMB stock opened at $20.61 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 0.82 and a beta of 0.60. TIM S.A. Sponsored ADR has a 12 month low of $11.32 and a 12 month high of $21.03. The firm has a 50 day moving average of $19.27 and a two-hundred day moving average of $16.91.

TIM (NYSE:TIMB - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. The company 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, equities analysts anticipate that TIM S.A. Sponsored ADR will post 1.34 EPS for the current fiscal year.

TIM Cuts Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on TIMB shares. Hsbc Global Res lowered shares of TIM from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 12th. Barclays upped their price objective 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. Scotiabank upped their price objective 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. HSBC lowered shares of TIM to a "hold" rating in a research note on Friday, June 13th. Finally, Wall Street Zen raised shares of TIM from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $21.25.

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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