Vident Advisory LLC Boosts Holdings in TIM S.A. Sponsored ADR $TIMB

Key Points

• Vident Advisory LLC increased its holdings in TIM S.A. Sponsored ADR by 47.8%, acquiring an additional 14,224 shares during the first quarter, now owning a total of 43,994 shares worth $689,000.
• TIM S.A. reported $0.35 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $0.31, and the company had revenue of $1.18 billion.
• The company announced a special dividend of $0.1189 per share, scheduled for payment on October 28th, with a yield of 720.0%.

Vident Advisory LLC boosted its stake in shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) by 47.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,994 shares of the company's stock after acquiring an additional 14,224 shares during the quarter. Vident Advisory LLC's holdings in TIM were worth $689,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TIMB. GAMMA Investing LLC grew its holdings in TIM by 119.3% during the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock worth $47,000 after acquiring an additional 1,647 shares during the last quarter. Brooklyn Investment Group bought a new stake in TIM during the 1st quarter worth about $50,000. Farther Finance Advisors LLC grew its holdings in 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 acquiring an additional 3,304 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in TIM during the 4th quarter worth about $54,000. Finally, SVB Wealth LLC bought a new stake in TIM during the 1st quarter worth about $64,000.

TIM Stock Up 0.7%

NYSE:TIMB traded up $0.14 on Thursday, hitting $20.89. The stock had a trading volume of 389,238 shares, compared to its average volume of 513,723. The stock has a market cap of $10.11 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 0.82 and a beta of 0.69. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 0.91. TIM S.A. Sponsored ADR has a 1 year low of $11.32 and a 1 year high of $21.57. The firm's fifty day simple moving average is $19.85 and its two-hundred day simple moving average is $17.68.

TIM (NYSE:TIMB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (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 company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $6.62 billion. 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 declared a special dividend, which will be paid on Tuesday, October 28th. Stockholders 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 (DPR) is presently 67.44%.

Analyst Ratings Changes

Several research analysts have recently issued reports on TIMB shares. JPMorgan Chase & Co. raised 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. Scotiabank raised 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. Barclays raised 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. Citigroup started coverage on shares of TIM in a research note on Wednesday. They issued a "buy" rating on the stock. Finally, HSBC lowered shares of TIM to a "hold" rating in a research note on Friday, June 13th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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.