Tim S.A. (NYSE:TIMB) Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP decreased its position in Tim S.A. (NYSE:TIMB) by 59.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,834 shares of the company’s stock after selling 92,800 shares during the quarter. Brandes Investment Partners LP’s holdings in TIM were worth $925,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TIMB. EverSource Wealth Advisors LLC lifted its stake in shares of TIM by 108.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after acquiring an additional 835 shares in the last quarter. CWM LLC raised its position in shares of TIM by 105.7% in the 2nd quarter. CWM LLC now owns 2,471 shares of the company’s stock valued at $35,000 after purchasing an additional 1,270 shares in the last quarter. SageView Advisory Group LLC acquired a new position in shares of TIM in the 1st quarter valued at approximately $54,000. Headlands Technologies LLC purchased a new position in shares of TIM during the 1st quarter valued at approximately $59,000. Finally, Blue Trust Inc. grew its position in shares of TIM by 298.2% during the second quarter. Blue Trust Inc. now owns 6,973 shares of the company’s stock worth $100,000 after buying an additional 5,222 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on TIMB shares. Barclays cut their price target on shares of TIM from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Scotiabank raised shares of TIM from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $17.50 to $24.80 in a research report on Friday, September 20th.

TIM Stock Up 0.3 %

Shares of NYSE TIMB opened at $17.22 on Tuesday. The business has a 50 day simple moving average of $16.15 and a 200-day simple moving average of $16.21. Tim S.A. has a twelve month low of $13.84 and a twelve month high of $19.14. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB) last released its earnings results on Tuesday, July 30th. The company reported $0.31 earnings per share for the quarter. TIM had a net margin of 12.53% and a return on equity of 11.47%. The firm had revenue of $1.21 billion during the quarter. Analysts expect that Tim S.A. will post 1.27 EPS for the current year.

TIM Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th will be issued a $0.088 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.35 dividend on an annualized basis and a yield of 2.04%. TIM’s dividend payout ratio is currently 27.64%.

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.