TIM S.A. Sponsored ADR (NYSE:TIMB) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in TIM S.A. Sponsored ADR (NYSE:TIMB) by 3,331.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 47,388 shares of the company’s stock after purchasing an additional 46,007 shares during the period. GAMMA Investing LLC’s holdings in TIM were worth $742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TIMB. Global Retirement Partners LLC lifted its holdings in shares of TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock valued at $29,000 after purchasing an additional 2,211 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of TIM in the 4th quarter valued at about $500,000. US Bancorp DE lifted its holdings in shares of TIM by 78.9% in the 4th quarter. US Bancorp DE now owns 38,162 shares of the company’s stock valued at $449,000 after purchasing an additional 16,832 shares during the last quarter. Brandes Investment Partners LP lifted its holdings in shares of TIM by 127.4% in the 4th quarter. Brandes Investment Partners LP now owns 144,814 shares of the company’s stock valued at $1,703,000 after purchasing an additional 81,136 shares during the last quarter. Finally, Natixis Advisors LLC purchased a new stake in shares of TIM in the 4th quarter valued at about $319,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TIMB shares. HSBC downgraded TIM to a “hold” rating in a report on Friday, June 13th. Hsbc Global Res downgraded TIM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 12th. The Goldman Sachs Group upped their price objective on TIM from $15.30 to $16.90 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. Wall Street Zen downgraded TIM from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Barclays set a $17.50 price objective on TIM in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, TIM presently has a consensus rating of “Hold” and a consensus price target of $17.33.

TIM Stock Performance

NYSE TIMB opened at $19.11 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $16.91 and its two-hundred day moving average is $14.76. TIM S.A. Sponsored ADR has a 12-month low of $11.32 and a 12-month high of $19.20. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.87 and a beta of 0.60.

TIM (NYSE:TIMB) last released its earnings results on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. TIM had a return on equity of 13.17% and a net margin of 13.30%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Research analysts expect that TIM S.A. Sponsored ADR will post 1.34 EPS for the current year.

TIM Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, May 23rd will be issued a $0.1086 dividend. This represents a dividend yield of 7.6%. The ex-dividend date is Friday, May 23rd. TIM’s dividend payout ratio is currently 68.80%.

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.