Auana Mattar Lima Sells 8,200 Shares of TIM (NYSE:TIMB) Stock

TIM S.A. Sponsored ADR (NYSE:TIMB) insider Auana Mattar Lima sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $4.42, for a total value of $36,244.00. Following the sale, the insider owned 36,686 shares in the company, valued at $162,152.12. The trade was a 18.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

TIM Trading Up 0.6%

Shares of NYSE TIMB opened at $22.66 on Friday. The stock’s 50 day moving average price is $25.38 and its two-hundred day moving average price is $23.87. TIM S.A. Sponsored ADR has a 52-week low of $16.64 and a 52-week high of $28.22. The stock has a market capitalization of $10.97 billion, a P/E ratio of 13.82, a PEG ratio of 1.16 and a beta of 0.43. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.58.

TIM (NYSE:TIMB) last announced its quarterly earnings data 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). The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. TIM had a net margin of 16.00% and a return on equity of 17.77%. On average, analysts anticipate that TIM S.A. Sponsored ADR will post 1.81 earnings per share for the current fiscal year.

TIM Dividend Announcement

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

Hedge Funds Weigh In On TIM

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in shares of TIM by 47.8% during the 1st quarter. NewEdge Advisors LLC now owns 21,510 shares of the company’s stock valued at $570,000 after purchasing an additional 6,959 shares during the period. Bank of America Corp DE increased its position in shares of TIM by 199.8% during the 1st quarter. Bank of America Corp DE now owns 251,330 shares of the company’s stock valued at $6,658,000 after purchasing an additional 167,504 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of TIM by 73.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,544 shares of the company’s stock valued at $120,000 after purchasing an additional 1,925 shares during the period. Quantinno Capital Management LP increased its position in shares of TIM by 1.6% during the 1st quarter. Quantinno Capital Management LP now owns 80,757 shares of the company’s stock valued at $2,139,000 after purchasing an additional 1,267 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of TIM by 3.3% during the 1st quarter. Lazard Asset Management LLC now owns 37,655 shares of the company’s stock valued at $997,000 after purchasing an additional 1,220 shares during the period.

Analyst Ratings Changes

TIMB has been the topic of a number of research reports. Weiss Ratings cut TIM from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Barclays increased their price target on TIM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Wall Street Zen upgraded TIM from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Zacks Research cut TIM from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Scotiabank dropped their price target on TIM from $29.50 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, TIM currently has a consensus rating of “Hold” and an average target price of $25.65.

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