US Bancorp DE Has $890,000 Stake in TIM S.A. Sponsored ADR $TIMB

US Bancorp DE increased its stake in shares of TIM S.A. Sponsored ADR (NYSE:TIMB) by 720.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 39,871 shares of the company’s stock after acquiring an additional 35,013 shares during the quarter. US Bancorp DE’s holdings in TIM were worth $890,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TIMB. Global Retirement Partners LLC raised its position in TIM by 5,590.5% in the 3rd quarter. Global Retirement Partners LLC now owns 1,195 shares of the company’s stock worth $27,000 after purchasing an additional 1,174 shares during the last quarter. TD Private Client Wealth LLC bought a new position in TIM in the 3rd quarter valued at $28,000. EverSource Wealth Advisors LLC boosted its position in TIM by 188.1% in the 2nd 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 during the last quarter. Hantz Financial Services Inc. increased its stake in shares of TIM by 303.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,064 shares of the company’s stock valued at $42,000 after buying an additional 1,552 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of TIM in the 2nd quarter valued at $42,000.

Analyst Ratings Changes

Several brokerages have recently issued reports on TIMB. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TIM in a research note on Monday, December 29th. Citigroup lowered TIM from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Jefferies Financial Group cut TIM from a “buy” rating to a “hold” rating in a report on Wednesday, November 19th. Barclays upped their target price on shares of TIM from $23.50 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Finally, Bank of America started coverage on shares of TIM in a research note on Thursday, December 11th. They issued an “underperform” rating and a $24.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, TIM presently has a consensus rating of “Hold” and a consensus price target of $23.67.

TIM Stock Down 0.3%

NYSE:TIMB opened at $25.48 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.58. TIM S.A. Sponsored ADR has a 12-month low of $14.09 and a 12-month high of $27.74. The stock’s fifty day simple moving average is $23.64 and its 200-day simple moving average is $22.44. The firm has a market capitalization of $12.34 billion, a P/E ratio of 15.93, a P/E/G ratio of 0.66 and a beta of 0.46.

TIM (NYSE:TIMB) last released its earnings results on Tuesday, February 10th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.38). TIM had a net margin of 16.28% and a return on equity of 17.84%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.30 billion. Equities research analysts expect that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current year.

TIM Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, January 7th. Investors of record on Monday, December 29th were given a $0.6784 dividend. The ex-dividend date was Monday, December 29th. TIM’s dividend payout ratio (DPR) is currently 84.38%.

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