TIM S.A. Sponsored ADR $TIMB Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its holdings in shares of TIM S.A. Sponsored ADR (NYSE:TIMB) by 18.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,268 shares of the company’s stock after buying an additional 3,016 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in TIM were worth $389,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TIMB. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of TIM by 7.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,658 shares of the company’s stock valued at $174,000 after purchasing an additional 623 shares during the period. Farther Finance Advisors LLC raised its holdings in TIM by 19.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,956 shares of the company’s stock worth $80,000 after buying an additional 641 shares during the period. Royal Bank of Canada lifted its stake in TIM by 1.3% during the first quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock valued at $970,000 after buying an additional 789 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in TIM by 29.5% during the first quarter. PNC Financial Services Group Inc. now owns 4,258 shares of the company’s stock valued at $67,000 after buying an additional 969 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of TIM by 27.8% in the second quarter. Parallel Advisors LLC now owns 6,233 shares of the company’s stock worth $125,000 after buying an additional 1,355 shares during the period.

TIM Trading Up 1.9%

Shares of NYSE TIMB opened at $22.36 on Friday. The business has a 50 day simple moving average of $21.33 and a 200 day simple moving average of $19.08. TIM S.A. Sponsored ADR has a 52 week low of $11.32 and a 52 week high of $22.47. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 0.83 and a beta of 0.65. 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 (NYSE:TIMB) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $6.62 billion. TIM had a net margin of 13.91% and a return on equity of 13.99%. On average, research analysts predict that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current fiscal year.

TIM Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Wednesday, January 28th. Investors of record on Friday, October 3rd will be issued a $0.1888 dividend. The ex-dividend date is Friday, October 3rd. TIM’s dividend payout ratio is currently 72.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Scotiabank boosted their price target on shares of TIM from $19.10 to $23.60 and gave the company a “sector outperform” rating in a report on Thursday, July 31st. Wall Street Zen upgraded shares of TIM from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 20th. Zacks Research upgraded TIM from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. lifted their price target on TIM from $22.00 to $24.50 and gave the company an “overweight” rating in a report on Friday, August 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TIM in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

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.