Northwestern Mutual Wealth Management Co. Grows Position in TIM S.A. Sponsored ADR $TIMB

Northwestern Mutual Wealth Management Co. grew its stake in TIM S.A. Sponsored ADR (NYSE:TIMB) by 129.9% during the 4th quarter, HoldingsChannel reports. The firm owned 62,279 shares of the company’s stock after buying an additional 35,192 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in TIM were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in TIM by 4.7% in the 1st 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 in the last quarter. UBS Group AG boosted its position in TIM by 12.4% in the 4th 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 in the last quarter. Schroder Investment Management Group boosted its position in TIM by 2.2% in the 3rd quarter. Schroder Investment Management Group now owns 449,225 shares of the company’s stock worth $9,860,000 after purchasing an additional 9,879 shares in the last quarter. JPMorgan Chase & Co. boosted its position in TIM by 9.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 448,722 shares of the company’s stock worth $10,015,000 after purchasing an additional 38,649 shares in the last quarter. Finally, Assetmark Inc. boosted its position in TIM by 7.3% in the 4th quarter. Assetmark Inc. now owns 412,099 shares of the company’s stock worth $8,015,000 after purchasing an additional 28,065 shares in the last quarter.

Insider Activity at TIM

In related news, insider Auana Mattar Lima sold 8,200 shares of the 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 completion of the sale, the insider owned 36,686 shares of the company’s stock, valued at approximately $162,152.12. This trade represents a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TIMB. New Street Research upgraded TIM from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Zacks Research lowered TIM from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. The Goldman Sachs Group began coverage on TIM in a research report on Monday, May 18th. They set a “neutral” rating and a $23.40 target price on the stock. Barclays increased their target price on TIM from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings lowered TIM from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.90.

TIM Stock Down 0.2%

NYSE TIMB opened at $21.53 on Monday. The business has a fifty day moving average price of $24.64 and a 200 day moving average price of $23.79. TIM S.A. Sponsored ADR has a one year low of $17.63 and a one year high of $28.22. 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 company has a market cap of $10.42 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.12 and a beta of 0.37.

TIM (NYSE:TIMB) last posted its quarterly earnings data 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 net margin of 16.00% and a return on equity of 17.77%. Research analysts anticipate that TIM S.A. Sponsored ADR will post 1.8 EPS for the current fiscal year.

TIM Announces Dividend

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 $0.1552 dividend. The ex-dividend date was Monday, March 30th. TIM’s dividend payout ratio is 61.59%.

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