TIM S.A. Sponsored ADR (NYSE:TIMB) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in shares of TIM S.A. Sponsored ADR (NYSE:TIMB) by 75.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,601 shares of the company’s stock after selling 14,025 shares during the quarter. Rhumbline Advisers’ holdings in TIM were worth $72,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TIMB. Arrowstreet Capital Limited Partnership raised its holdings in shares of TIM by 8.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company’s stock worth $22,732,000 after acquiring an additional 152,061 shares during the period. Itau Unibanco Holding S.A. raised its holdings in shares of TIM by 64.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,769,904 shares of the company’s stock worth $20,814,000 after acquiring an additional 696,454 shares during the period. Renaissance Technologies LLC raised its holdings in shares of TIM by 19.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company’s stock worth $20,211,000 after acquiring an additional 283,002 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of TIM by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 829,841 shares of the company’s stock worth $9,759,000 after acquiring an additional 18,970 shares during the period. Finally, Schroder Investment Management Group purchased a new position in shares of TIM during the 4th quarter worth $5,666,000.

TIM Stock Up 5.0%

Shares of TIMB opened at $19.57 on Friday. The firm has a market cap of $9.48 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 0.85 and a beta of 0.60. TIM S.A. Sponsored ADR has a 12-month low of $11.32 and a 12-month high of $19.73. The company’s 50-day moving average price is $17.51 and its 200 day moving average price is $15.04. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.57.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $6.38 billion. TIM had a net margin of 13.30% and a return on equity of 13.17%. On average, sell-side analysts forecast that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current year.

TIM Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.1086 per share. The ex-dividend date is Friday, May 23rd. This represents a yield of 7.6%. TIM’s dividend payout ratio (DPR) is presently 68.80%.

Analyst Ratings Changes

TIMB has been the topic of several analyst reports. The Goldman Sachs Group lifted their price target on TIM from $15.30 to $16.90 and gave the stock a “neutral” rating in a report on Wednesday, April 30th. HSBC lowered shares of TIM to a “hold” rating in a report on Friday, June 13th. Wall Street Zen lowered shares of TIM from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 15th. Hsbc Global Res lowered shares of TIM from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 12th. Finally, Barclays set a $17.50 price objective on shares of TIM in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.33.

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.