Allianz Asset Management GmbH Takes Position in TIM S.A. Sponsored ADR $TIMB

Allianz Asset Management GmbH acquired a new position in TIM S.A. Sponsored ADR (NYSE:TIMB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 107,224 shares of the company’s stock, valued at approximately $2,393,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. raised its stake in TIM by 2.7% in the third quarter. TD Waterhouse Canada Inc. now owns 30,747 shares of the company’s stock valued at $678,000 after buying an additional 810 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of TIM by 121.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,150 shares of the company’s stock valued at $427,000 after purchasing an additional 10,492 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in TIM by 8.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 20,830 shares of the company’s stock worth $467,000 after purchasing an additional 1,562 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in TIM by 13.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 21,791 shares of the company’s stock worth $486,000 after purchasing an additional 2,542 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in TIM by 0.3% during the 3rd quarter. Ritholtz Wealth Management now owns 150,793 shares of the company’s stock valued at $3,366,000 after purchasing an additional 441 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TIMB shares. Jefferies Financial Group downgraded shares of 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 research report on Wednesday, October 15th. Barclays boosted their price target on TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Scotiabank restated a “sector perform” rating and issued a $23.60 price objective on shares of TIM in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of TIM in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $23.25.

TIM Price Performance

NYSE:TIMB opened at $27.07 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. TIM S.A. Sponsored ADR has a 52 week low of $13.65 and a 52 week high of $27.74. The stock’s 50-day moving average price is $21.80 and its 200-day moving average price is $21.65. The stock has a market capitalization of $13.11 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 0.77 and a beta of 0.47.

TIM (NYSE:TIMB) last announced its earnings results on Tuesday, February 10th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.30 billion. TIM had a net margin of 16.28% and a return on equity of 17.72%. As a group, equities analysts expect that TIM S.A. Sponsored ADR will post 1.34 EPS for the current fiscal year.

TIM Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, January 7th. Investors of record on Monday, December 29th were issued a $0.6784 dividend. The ex-dividend date was Monday, December 29th. TIM’s dividend payout ratio (DPR) is 87.50%.

TIM 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