TIM (NYSE:TIMB) Insider Sells $36,244.00 in Stock

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

TIM Stock Performance

Shares of TIMB stock traded up $0.39 during mid-day trading on Wednesday, hitting $22.51. The stock had a trading volume of 253,738 shares, compared to its average volume of 433,466. TIM S.A. Sponsored ADR has a fifty-two week low of $16.64 and a fifty-two week high of $28.22. The firm has a market cap of $10.90 billion, a PE ratio of 13.73, a PEG ratio of 1.14 and a beta of 0.43. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.89. The company’s 50-day simple moving average is $25.53 and its 200-day simple moving average is $23.87.

TIM (NYSE:TIMB) last released its earnings results on Tuesday, May 5th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. TIM had a return on equity of 17.77% and a net margin of 16.00%. Sell-side analysts anticipate that TIM S.A. Sponsored ADR will post 1.81 earnings per share for the current 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 issued a $0.1552 dividend. The ex-dividend date was Monday, March 30th. TIM’s dividend payout ratio (DPR) is currently 66.46%.

Analyst Upgrades and Downgrades

TIMB has been the subject of a number of research analyst reports. Citigroup downgraded shares of TIM from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. The Goldman Sachs Group initiated coverage on shares of TIM in a report on Monday. They issued a “neutral” rating and a $23.40 price target for the company. Wall Street Zen upgraded shares of TIM from a “buy” rating to a “strong-buy” rating in a report on Sunday. Scotiabank cut their price target 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. Finally, Barclays raised their target price 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.65.

Hedge Funds Weigh In On TIM

Several hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its holdings in 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 acquiring an additional 6,959 shares in the last quarter. Bank of America Corp DE increased its holdings in 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 acquiring an additional 167,504 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in 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 acquiring an additional 1,925 shares in the last quarter. Quantinno Capital Management LP increased its holdings in 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 acquiring an additional 1,267 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in 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 acquiring an additional 1,220 shares in the last quarter.

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