UBS Group AG Has $10.45 Million Stake in TIM S.A. Sponsored ADR $TIMB

UBS Group AG lifted its holdings in shares of TIM S.A. Sponsored ADR (NYSE:TIMB) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 537,416 shares of the company’s stock after buying an additional 59,136 shares during the quarter. UBS Group AG owned about 0.11% of TIM worth $10,453,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TIMB. Global Retirement Partners LLC grew its position in shares of TIM by 5,590.5% during the 3rd quarter. Global Retirement Partners LLC now owns 1,195 shares of the company’s stock worth $27,000 after buying an additional 1,174 shares during the period. TD Private Client Wealth LLC acquired a new stake in shares of TIM during the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its position in shares of TIM by 188.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after buying an additional 1,345 shares during the period. Raymond James Financial Inc. acquired a new position in TIM during the second quarter valued at approximately $42,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in TIM during the second quarter valued at approximately $85,000.

TIM Stock Performance

Shares of TIMB stock opened at $21.95 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $25.66 and its 200-day simple moving average is $23.89. TIM S.A. Sponsored ADR has a 12 month low of $16.64 and a 12 month high of $28.22. The firm has a market cap of $10.63 billion, a PE ratio of 13.38, a P/E/G ratio of 1.16 and a beta of 0.43.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). TIM had a return on equity of 17.77% and a net margin of 16.00%.The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. Equities research analysts expect that TIM S.A. Sponsored ADR will post 1.82 EPS for the current fiscal year.

TIM Announces Dividend

The company also recently declared a special dividend, which was paid on Thursday, May 7th. Shareholders of record on Monday, March 30th were given a dividend of $0.1552 per share. The ex-dividend date of this dividend was Monday, March 30th. TIM’s dividend payout ratio is 67.07%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of TIM from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Scotiabank decreased their price objective on shares of TIM from $29.50 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Barclays boosted their price objective on shares of TIM from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings cut shares of TIM from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, Citigroup lowered shares of TIM from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, TIM has a consensus rating of “Hold” and an average price target of $26.10.

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