Capital Insight Partners LLC Buys New Position in TIM S.A. Sponsored ADR $TIMB

Capital Insight Partners LLC purchased a new position in TIM S.A. Sponsored ADR (NYSE:TIMB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the company’s stock, valued at approximately $1,116,000.

A number of other large investors have also modified their holdings of the business. Robeco Institutional Asset Management B.V. increased its holdings in shares of TIM by 10.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 3,482,294 shares of the company’s stock valued at $70,029,000 after acquiring an additional 339,384 shares in the last quarter. American Century Companies Inc. grew its position in TIM by 26.4% during the 2nd quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock worth $8,961,000 after purchasing an additional 93,179 shares during the last quarter. Ritholtz Wealth Management increased its stake in TIM by 55.0% during the 2nd quarter. Ritholtz Wealth Management now owns 150,352 shares of the company’s stock valued at $3,024,000 after purchasing an additional 53,326 shares in the last quarter. Assetmark Inc. raised its holdings in shares of TIM by 15.3% in the second quarter. Assetmark Inc. now owns 380,158 shares of the company’s stock worth $7,645,000 after buying an additional 50,379 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of TIM by 4.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock worth $16,539,000 after buying an additional 47,130 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TIMB shares. Barclays boosted their price objective on shares of TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a report on Friday, November 7th. Jefferies Financial Group downgraded TIM from a “buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Zacks Research raised TIM from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Hsbc Global Res raised TIM from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Finally, Citigroup initiated coverage on TIM in a research report on Wednesday, September 10th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TIM currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.25.

TIM Stock Up 0.1%

TIM stock opened at $20.58 on Monday. The business’s 50-day moving average price is $22.35 and its 200 day moving average price is $20.89. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 0.71 and a beta of 0.51. TIM S.A. Sponsored ADR has a 52 week low of $11.32 and a 52 week high of $23.88.

TIM (NYSE:TIMB) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. TIM had a return on equity of 15.72% and a net margin of 15.35%. As a group, sell-side analysts anticipate that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current year.

TIM Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, January 7th. Investors of record on Monday, December 29th will be issued a dividend of $0.6784 per share. The ex-dividend date of this dividend is Monday, December 29th. TIM’s dividend payout ratio is 108.22%.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA