TIM S.A. Sponsored ADR $TIMB Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its position in shares of TIM S.A. Sponsored ADR (NYSE:TIMB) by 65.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,985 shares of the company’s stock after selling 28,014 shares during the quarter. Sanctuary Advisors LLC’s holdings in TIM were worth $397,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TIMB. Inspire Investing LLC lifted its holdings in TIM by 10.1% in the 1st quarter. Inspire Investing LLC now owns 4,191 shares of the company’s stock valued at $111,000 after purchasing an additional 386 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of TIM by 53.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 494 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of TIM by 23.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,619 shares of the company’s stock worth $51,000 after buying an additional 504 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of TIM by 5.2% in the fourth quarter. NewEdge Advisors LLC now owns 14,551 shares of the company’s stock valued at $283,000 after buying an additional 714 shares during the last quarter. Finally, DGS Capital Management LLC raised its position in shares of TIM by 1.9% in the first quarter. DGS Capital Management LLC now owns 40,919 shares of the company’s stock valued at $1,084,000 after buying an additional 753 shares during the last quarter.

TIM Trading Down 3.8%

Shares of TIMB stock opened at $19.05 on Thursday. 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 firm has a market cap of $9.22 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 1.02 and a beta of 0.38. The company has a 50-day moving average of $21.71 and a two-hundred day moving average of $23.86. TIM S.A. Sponsored ADR has a 1-year low of $17.65 and a 1-year high of $28.22.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Wednesday, June 17th. The company reported $0.42 EPS for the quarter. TIM had a net margin of 15.73% and a return on equity of 18.42%. On average, analysts predict that TIM S.A. Sponsored ADR will post 1.8 EPS for the current year.

TIM Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, July 29th. Stockholders of record on Monday, June 29th were given a dividend of $0.1618 per share. The ex-dividend date was Monday, June 29th. TIM’s dividend payout ratio (DPR) is currently 68.90%.

Insider Buying and Selling at TIM

In related news, insider Auana Mattar Lima sold 8,200 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $4.42, for a total transaction of $36,244.00. Following the completion of the transaction, the insider directly owned 36,686 shares in the company, valued at $162,152.12. This trade represents a 18.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Marques Andrea Palma Viegas sold 35,000 shares of TIM stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total value of $151,200.00. Following the completion of the transaction, the chief financial officer directly owned 83,259 shares of the company’s stock, valued at approximately $359,678.88. This represents a 29.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. New Street Research upgraded shares of TIM from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Santander upgraded shares of TIM from a “neutral” rating to an “outperform” rating in a report on Monday, June 22nd. The Goldman Sachs Group initiated coverage on shares of TIM in a research note on Monday, May 18th. They issued a “neutral” rating and a $23.40 target price on the stock. Wall Street Zen cut TIM from a “strong-buy” rating to a “buy” rating in a report on Monday, May 25th. Finally, Scotiabank upped their price target on TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, TIM currently has a consensus rating of “Hold” and a consensus target price of $25.23.

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