US Bancorp DE Decreases Position 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 decreased its position in shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) by 87.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund 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.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew 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 purchasing an additional 1,647 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of TIM by 30,036.4% during the 1st 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. Point72 Hong Kong Ltd bought a new position in shares of TIM during the 4th quarter worth approximately $54,000. Advisors Preferred LLC acquired a new stake in shares of TIM during the 1st quarter worth approximately $89,000. Finally, Blue Trust Inc. grew its position in shares of TIM by 26.2% during the 1st 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 period.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TIMB. Barclays boosted their price objective on TIM from $17.50 to $20.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. The Goldman Sachs Group boosted their price target 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 lowered shares of TIM from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 12th. HSBC cut shares of TIM to a "hold" rating in a report on Friday, June 13th. Finally, Scotiabank upped their target price on shares of TIM from $19.10 to $23.60 and gave the stock a "sector outperform" rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $21.25.

TIM Stock Up 1.8%

TIM stock traded up $0.3650 during midday trading on Friday, hitting $20.9250. 293,484 shares of the stock were exchanged, compared to its average volume of 387,762. TIM S.A. Sponsored ADR has a 52-week low of $11.32 and a 52-week high of $21.08. 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 business's 50-day moving average price is $19.43 and its 200-day moving average price is $17.08. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 0.83 and a beta of 0.60.

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

TIM Cuts Dividend

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

About TIM

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.