34,766 Shares in TIM S.A. Sponsored ADR $TIMB Acquired by Archford Capital Strategies LLC

Archford Capital Strategies LLC purchased a new stake in TIM S.A. Sponsored ADR (NYSE:TIMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 34,766 shares of the company’s stock, valued at approximately $676,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Citadel Advisors LLC lifted its position in TIM by 878.4% in the 3rd quarter. Citadel Advisors LLC now owns 370,982 shares of the company’s stock valued at $8,280,000 after acquiring an additional 333,066 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in TIM during the third quarter worth $2,393,000. American Century Companies Inc. grew its holdings in TIM by 26.4% during the second quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock worth $8,961,000 after buying an additional 93,179 shares in the last quarter. Capital Insight Partners LLC purchased a new stake in TIM in the 3rd quarter valued at $1,116,000. Finally, Goldman Sachs Group Inc. raised 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 valued at $16,539,000 after buying an additional 47,130 shares during the last quarter.

TIM Stock Performance

NYSE TIMB opened at $26.77 on Thursday. The company’s 50 day simple moving average is $25.47 and its two-hundred day simple moving average is $23.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.89 and a quick ratio of 0.86. TIM S.A. Sponsored ADR has a 1 year low of $14.18 and a 1 year high of $27.74. The stock has a market capitalization of $12.96 billion, a PE ratio of 16.73, a P/E/G ratio of 0.68 and a beta of 0.48.

TIM (NYSE:TIMB) last announced its earnings results on Tuesday, February 10th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.30 billion. TIM had a return on equity of 17.84% and a net margin of 16.28%. Analysts predict that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current fiscal year.

TIM Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, March 30th will be given a $0.1552 dividend. The ex-dividend date is Monday, March 30th. TIM’s dividend payout ratio (DPR) is presently 91.88%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TIMB shares. Bank of America initiated coverage on shares of TIM in a research report on Thursday, December 11th. They set an “underperform” rating and a $24.00 target price on the stock. Citigroup lowered TIM from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Barclays lifted their target price on TIM from $23.50 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Scotiabank increased their price target on shares of TIM from $23.60 to $29.50 and gave the company a “sector perform” rating in a research report on Monday. Finally, Weiss Ratings upgraded shares of TIM from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.65.

About TIM

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