Marques Andrea Palma Viegas Sells 35,000 Shares of TIM (NYSE:TIMB) Stock

TIM S.A. Sponsored ADR (NYSE:TIMB) CFO Marques Andrea Palma Viegas sold 35,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total transaction of $151,200.00. Following the transaction, the chief financial officer owned 83,259 shares in the company, valued at approximately $359,678.88. This trade represents a 29.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TIM Stock Up 2.0%

TIMB stock opened at $21.89 on Friday. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.11 and a beta of 0.37. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 0.92. The business’s 50-day moving average is $23.22 and its two-hundred day moving average is $23.67. TIM S.A. Sponsored ADR has a fifty-two week low of $17.65 and a fifty-two week high of $28.22.

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

TIM Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, July 29th. Investors of record on Monday, June 29th will be given a dividend of $0.1618 per share. The ex-dividend date is Monday, June 29th. TIM’s dividend payout ratio (DPR) is currently 61.59%.

Analyst Ratings Changes

TIMB has been the topic of a number of research reports. Barclays lifted their price target 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. New Street Research raised shares of TIM from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. Wall Street Zen lowered TIM from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 25th. The Goldman Sachs Group initiated coverage on TIM in a report on Monday, May 18th. They issued a “neutral” rating and a $23.40 target price on the stock. Finally, Bradesco Corretora lowered TIM to a “neutral” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, TIM presently has an average rating of “Hold” and an average price target of $25.90.

Institutional Investors Weigh In On TIM

Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its position in TIM by 4.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company’s stock valued at $35,951,000 after acquiring an additional 82,700 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 purchasing an additional 47,130 shares during the last quarter. State Street Corp lifted its position in shares of TIM by 5.3% during the fourth quarter. State Street Corp now owns 657,839 shares of the company’s stock worth $13,464,000 after purchasing an additional 33,364 shares during the last quarter. UBS Group AG lifted its position in shares of TIM by 12.4% during the fourth quarter. UBS Group AG now owns 537,416 shares of the company’s stock worth $10,453,000 after purchasing an additional 59,136 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of TIM by 19.0% during the first quarter. Assetmark Inc. now owns 490,478 shares of the company’s stock valued at $12,993,000 after purchasing an additional 78,379 shares during the period.

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