Farther Finance Advisors LLC Acquires 641 Shares of TIM S.A. Sponsored ADR $TIMB

Farther Finance Advisors LLC increased its holdings in TIM S.A. Sponsored ADR (NYSE:TIMB) by 19.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,956 shares of the company’s stock after purchasing an additional 641 shares during the quarter. Farther Finance Advisors LLC’s holdings in TIM were worth $80,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TIMB. GAMMA Investing LLC grew its position in shares of TIM by 119.3% in the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company’s stock valued at $47,000 after buying an additional 1,647 shares during the last quarter. Brooklyn Investment Group bought a new stake in TIM in the first quarter valued at approximately $50,000. SVB Wealth LLC acquired a new stake in TIM during the 1st quarter valued at approximately $64,000. PNC Financial Services Group Inc. raised its holdings in TIM by 29.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,258 shares of the company’s stock worth $67,000 after purchasing an additional 969 shares during the last quarter. Finally, Amundi acquired a new position in shares of TIM in the 1st quarter worth approximately $87,000.

TIM Stock Up 0.9%

Shares of NYSE TIMB opened at $22.12 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.91 and a quick ratio of 0.88. TIM S.A. Sponsored ADR has a 1 year low of $11.32 and a 1 year high of $22.47. The stock has a market capitalization of $10.71 billion, a P/E ratio of 17.15, a P/E/G ratio of 0.87 and a beta of 0.65. The company has a 50-day moving average price of $20.77 and a 200-day moving average price of $18.51.

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

TIM Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup started coverage on shares of TIM in a research note on Wednesday, September 10th. They set a “buy” rating for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of TIM in a research report on Saturday, September 27th. Scotiabank upped their target price on TIM from $19.10 to $23.60 and gave the company a “sector outperform” rating in a research report on Thursday, July 31st. HSBC cut TIM to a “hold” rating in a research note on Friday, June 13th. Finally, Wall Street Zen raised TIM from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, TIM currently has a consensus rating of “Hold” and an average target price of $21.25.

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.