TIM (NYSE:TIMB) Insider Sells $36,244.00 in Stock

TIM S.A. Sponsored ADR (NYSE:TIMB) insider Auana Mattar Lima sold 8,200 shares of TIM 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

TIM Trading Up 1.8%

Shares of NYSE TIMB traded up $0.39 during midday trading on Wednesday, reaching $22.51. 253,738 shares of the stock were exchanged, compared to its average volume of 433,466. The company has a market capitalization of $10.90 billion, a P/E ratio of 13.73, a P/E/G ratio of 1.14 and a beta of 0.43. TIM S.A. Sponsored ADR has a 52-week low of $16.64 and a 52-week high of $28.22. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $25.53 and a 200-day moving average price of $23.87.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. TIM had a return on equity of 17.77% and a net margin of 16.00%. Equities research analysts expect that TIM S.A. Sponsored ADR will post 1.81 earnings per share for the current fiscal year.

TIM Announces Dividend

The business also recently announced a special dividend, which was paid on Thursday, May 7th. Investors of record on Monday, March 30th were given a $0.1552 dividend. The ex-dividend date of this dividend was Monday, March 30th. TIM’s dividend payout ratio (DPR) is currently 66.46%.

Wall Street Analyst Weigh In

TIMB has been the topic of several research analyst reports. Wall Street Zen raised shares of TIM from a “buy” rating to a “strong-buy” rating in a research report on Sunday. The Goldman Sachs Group initiated coverage on shares of TIM in a research report on Monday. They issued a “neutral” rating and a $23.40 target price on the stock. Bradesco Corretora cut shares of TIM to a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research cut shares of TIM from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, New Street Research raised shares of TIM from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TIM currently has an average rating of “Hold” and an average price target of $25.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its position in TIM by 53.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock valued at $27,000 after buying an additional 494 shares in the last quarter. TD Private Client Wealth LLC acquired a new position in TIM during the third quarter valued at approximately $28,000. Kestra Advisory Services LLC acquired a new position in TIM during the fourth quarter valued at approximately $39,000. EverSource Wealth Advisors LLC lifted its position in TIM by 188.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock valued at $41,000 after buying an additional 1,345 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in TIM during the second quarter valued at approximately $42,000.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA