Northwestern Mutual Wealth Management Co. Purchases 35,192 Shares of TIM S.A. Sponsored ADR $TIMB

Northwestern Mutual Wealth Management Co. boosted its position in TIM S.A. Sponsored ADR (NYSE:TIMB) by 129.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,279 shares of the company’s stock after purchasing an additional 35,192 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in TIM were worth $1,211,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in TIM by 188.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after purchasing an additional 1,345 shares in the last quarter. Raymond James Financial Inc. bought a new position in TIM in the second quarter worth about $42,000. Quadrant Capital Group LLC bought a new position in TIM in the third quarter worth about $92,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in TIM in the second quarter worth about $85,000. Finally, Farther Finance Advisors LLC raised its holdings in TIM by 24.5% in the fourth quarter. Farther Finance Advisors LLC now owns 5,023 shares of the company’s stock worth $98,000 after purchasing an additional 989 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TIMB. The Goldman Sachs Group started coverage on shares of TIM in a report on Monday, May 18th. They issued a “neutral” rating and a $23.40 target price for the company. Weiss Ratings downgraded shares of TIM from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Barclays upped 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. Bradesco Corretora downgraded shares of TIM to a “neutral” rating in a report on Tuesday, April 28th. Finally, Wall Street Zen downgraded shares of TIM from a “strong-buy” rating to a “buy” rating in a report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, TIM presently has an average rating of “Hold” and a consensus price target of $25.90.

Insider Buying and Selling

In related news, insider Auana Mattar Lima sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was 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. This represents a 18.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

TIM Stock Performance

TIMB opened at $21.53 on Monday. TIM S.A. Sponsored ADR has a 52-week low of $17.63 and a 52-week high of $28.22. 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 has a market cap of $10.42 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.12 and a beta of 0.37. The firm’s 50-day moving average price is $24.64 and its 200-day moving average price is $23.79.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, May 5th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. TIM had a net margin of 16.00% and a return on equity of 17.77%. As a group, equities analysts anticipate that TIM S.A. Sponsored ADR will post 1.8 EPS for the current fiscal year.

TIM Dividend Announcement

The company also recently announced a special dividend, which was paid on Thursday, May 7th. Investors of record on Monday, March 30th were given a $0.1552 dividend. The ex-dividend date was Monday, March 30th. TIM’s dividend payout ratio is currently 61.59%.

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