Sanctuary Advisors LLC Acquires New Shares in TIM S.A. Sponsored ADR $TIMB

Sanctuary Advisors LLC acquired a new stake in TIM S.A. Sponsored ADR (NYSE:TIMB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 42,999 shares of the company’s stock, valued at approximately $836,000.

Several other institutional investors and hedge funds have also modified their holdings of TIMB. Allianz Asset Management GmbH acquired a new position in TIM during the 3rd quarter worth $2,393,000. Archford Capital Strategies LLC acquired a new position in TIM during the 4th quarter worth $676,000. Mirae Asset Global Investments Co. Ltd. lifted its position in TIM by 102.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,702 shares of the company’s stock worth $753,000 after acquiring an additional 19,552 shares during the last quarter. JPMorgan Chase & Co. lifted its position in TIM by 9.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 448,722 shares of the company’s stock worth $10,015,000 after acquiring an additional 38,649 shares during the last quarter. Finally, Caprock Group LLC acquired a new position in TIM during the 3rd quarter worth $866,000.

TIM Stock Performance

NYSE:TIMB opened at $24.99 on Thursday. The firm’s 50-day moving average is $26.21 and its 200-day moving average is $23.86. TIM S.A. Sponsored ADR has a 52-week low of $16.64 and a 52-week high of $28.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 0.89. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 1.56 and a beta of 0.43.

TIM (NYSE:TIMB) last posted 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). TIM had a return on equity of 17.96% and a net margin of 16.00%.The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. Equities research analysts anticipate that TIM S.A. Sponsored ADR will post 1.9 earnings per share for the current year.

TIM Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, May 7th. Stockholders of record on Monday, March 30th will be given a dividend of $0.1552 per share. The ex-dividend date is Monday, March 30th. TIM’s payout ratio is 68.75%.

Wall Street Analysts Forecast Growth

TIMB has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of TIM from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. New Street Research raised shares of TIM from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Citigroup lowered shares of TIM from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Bradesco Corretora lowered shares of TIM to a “neutral” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings raised shares of TIM from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, TIM presently has a consensus rating of “Moderate Buy” and an average price target of $25.90.

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