40,338 Shares in TIM S.A. Sponsored ADR $TIMB Purchased by Caprock Group LLC

Caprock Group LLC acquired a new position in shares of TIM S.A. Sponsored ADR (NYSE:TIMB) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 40,338 shares of the company’s stock, valued at approximately $866,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its position in shares of TIM by 1.3% during the first quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock worth $970,000 after purchasing an additional 789 shares in the last quarter. Amundi acquired a new stake in TIM during the 1st quarter worth $87,000. Goldman Sachs Group Inc. grew its holdings in shares of TIM by 4.7% during 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 in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of TIM by 18.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,268 shares of the company’s stock worth $389,000 after buying an additional 3,016 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of TIM in the second quarter valued at about $387,000.

TIM Price Performance

NYSE:TIMB opened at $26.09 on Monday. TIM S.A. Sponsored ADR has a 52 week low of $13.65 and a 52 week high of $27.74. The stock’s fifty day moving average is $21.99 and its two-hundred day moving average is $21.80. The company has a market capitalization of $12.63 billion, a P/E ratio of 16.31, a P/E/G ratio of 0.70 and a beta of 0.47. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.58.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.30 billion. TIM had a return on equity of 17.84% and a net margin of 16.28%. Equities analysts expect that TIM S.A. Sponsored ADR will post 1.34 EPS for the current year.

TIM Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, January 7th. Stockholders 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 is currently 88.13%.

Analyst Ratings Changes

A number of research firms recently weighed in on TIMB. Jefferies Financial Group lowered shares of TIM from a “buy” rating to a “hold” rating in a research report on Wednesday, November 19th. HSBC upgraded TIM from a “hold” rating to a “buy” rating and upped their price target for the company from $21.00 to $27.00 in a research report on Wednesday, November 5th. Bank of America assumed coverage on TIM in a research report on Thursday, December 11th. They set an “underperform” rating and a $24.00 price objective on the stock. Scotiabank reissued a “sector perform” rating and set a $23.60 price objective on shares of TIM in a research note on Wednesday, November 5th. Finally, Barclays raised their target price on TIM from $21.00 to $23.50 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, TIM presently has a consensus rating of “Hold” and an average target price of $23.25.

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