TIM S.A. Sponsored ADR $TIMB Position Decreased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in shares of TIM S.A. Sponsored ADR (NYSE:TIMB) by 11.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,934 shares of the company’s stock after selling 11,496 shares during the period. Public Employees Retirement System of Ohio’s holdings in TIM were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TIMB. GAMMA Investing LLC boosted its position in shares of TIM by 119.3% during the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company’s stock valued at $47,000 after purchasing an additional 1,647 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of TIM during the 1st quarter valued at about $50,000. Farther Finance Advisors LLC boosted its holdings in shares of TIM by 30,036.4% in the first 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 during the period. SVB Wealth LLC acquired a new position in shares of TIM in the first quarter worth about $64,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of TIM by 29.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,258 shares of the company’s stock worth $67,000 after buying an additional 969 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TIMB shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of TIM in a report on Saturday, September 27th. Hsbc Global Res cut shares of TIM from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 12th. Scotiabank raised 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. JPMorgan Chase & Co. raised their target price on shares of TIM from $22.00 to $24.50 and gave the stock an “overweight” rating in a report on Friday, August 8th. Finally, HSBC cut shares of TIM to a “hold” rating in a report on Friday, June 13th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, TIM presently has an average rating of “Hold” and an average target price of $21.25.

TIM Trading Up 0.9%

NYSE:TIMB opened at $22.12 on Friday. TIM S.A. Sponsored ADR has a 12 month low of $11.32 and a 12 month high of $22.47. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 0.87 and a beta of 0.65. 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’s 50 day moving average is $20.77 and its 200-day moving average is $18.49.

TIM (NYSE:TIMB) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates 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. Equities analysts anticipate that TIM S.A. Sponsored ADR will post 1.34 EPS for the current year.

TIM Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Friday, October 3rd will be given a $0.1888 dividend. The ex-dividend date of this dividend is Friday, October 3rd. TIM’s dividend payout ratio (DPR) is currently 60.47%.

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.