TIM (NYSE:TIMB) Stock: Insider Marques Andrea Palma Viegas Sells 18,000 Shares

TIM S.A. Sponsored ADR (NYSE:TIMB) CFO Marques Andrea Palma Viegas sold 18,000 shares of the company’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $3.91, for a total transaction of $70,380.00. Following the completion of the sale, the chief financial officer directly owned 91,301 shares of the company’s stock, valued at $356,986.91. The trade was a 16.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

TIM Stock Performance

Shares of TIM stock traded up $0.08 during mid-day trading on Friday, hitting $19.08. 438,342 shares of the stock were exchanged, compared to its average volume of 503,799. TIM S.A. Sponsored ADR has a 12 month low of $15.94 and a 12 month high of $28.22. The company has a 50-day simple moving average of $18.48 and a 200 day simple moving average of $21.93. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85. The company has a market capitalization of $9.13 billion, a P/E ratio of 11.63, a P/E/G ratio of 1.78 and a beta of 0.39.

TIM (NYSE:TIMB) last released its earnings results on Monday, November 9th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. TIM had a return on equity of 17.88% and a net margin of 14.76%. Sell-side analysts anticipate that TIM S.A. Sponsored ADR will post 1.79 earnings per share for the current fiscal year.

TIM Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, January 29th. Shareholders of record on Monday, September 28th will be paid a $0.2102 dividend. The ex-dividend date is Monday, September 28th. TIM’s dividend payout ratio is 64.02%.

Analyst Upgrades and Downgrades

TIMB has been the subject of several research analyst reports. Bank of America raised TIM from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 13th. Weiss Ratings lowered shares of TIM from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Wall Street Zen downgraded shares of TIM from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Barclays raised their price objective on shares of TIM from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Morgan Stanley reaffirmed a “market perform” rating and issued a $22.00 price objective on shares of TIM in a research report on Thursday, August 20th. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP purchased a new stake in TIM in the 3rd quarter worth about $298,000. Ieq Capital LLC bought a new stake in TIM in the 3rd quarter valued at about $650,000. Hantz Financial Services Inc. lifted its holdings in TIM by 12.0% during the third quarter. Hantz Financial Services Inc. now owns 9,713 shares of the company’s stock valued at $173,000 after purchasing an additional 1,037 shares during the last quarter. Ethic Inc. lifted its holdings in TIM by 76.8% during the third quarter. Ethic Inc. now owns 54,011 shares of the company’s stock valued at $964,000 after purchasing an additional 23,468 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in TIM by 15.9% during the third quarter. Parallel Advisors LLC now owns 9,029 shares of the company’s stock worth $161,000 after purchasing an additional 1,239 shares during the period.

About TIM

TIM S.A. is a Brazilian telecommunications company that provides mobile voice and data services to consumers and businesses. Its offerings include mobile plans, internet access and digital services, supported by its wireless network. The company also offers fixed broadband services, including fiber-optic internet, under the TIM brand. It serves customers across Brazil, with mobile coverage extending throughout the country. TIM began operating in Brazil in 1998 and has since expanded its network and range of telecommunications services.