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 the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $4.42, for a total value of $36,244.00. Following the transaction, the insider owned 36,686 shares in the company, valued at approximately $162,152.12. This trade represents a 18.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

TIM Price Performance

Shares of NYSE TIMB opened at $22.33 on Friday. The firm has a market cap of $10.81 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.17 and a beta of 0.43. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. TIM S.A. Sponsored ADR has a 1-year low of $16.64 and a 1-year high of $28.22. The business’s 50 day moving average is $25.31 and its 200-day moving average is $23.86.

TIM (NYSE:TIMB) last announced its earnings results on Tuesday, May 5th. The company reported $0.32 earnings per share 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 the consensus estimate of $1.32 billion. TIM had a return on equity of 17.77% and a net margin of 16.00%. Equities research analysts predict that TIM S.A. Sponsored ADR will post 1.81 earnings per share for the current year.

TIM Dividend Announcement

The company also recently announced a special dividend, which was paid on Thursday, May 7th. Stockholders of record on Monday, March 30th were paid a dividend of $0.1552 per share. The ex-dividend date was Monday, March 30th. TIM’s dividend payout ratio (DPR) is 67.07%.

Analyst Upgrades and Downgrades

TIMB has been the topic of a number of recent research reports. New Street Research upgraded TIM from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Scotiabank reduced their price target on TIM from $29.50 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings downgraded TIM from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. The Goldman Sachs Group started coverage on TIM in a research report on Monday, May 18th. They set a “neutral” rating and a $23.40 price target on the stock. Finally, Bradesco Corretora downgraded TIM to a “neutral” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.65.

Institutional Investors Weigh In On TIM

A number of large investors have recently added to or reduced their stakes in TIMB. Wells Fargo & Company MN boosted its holdings in shares of TIM by 53.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock valued at $27,000 after purchasing an additional 494 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of TIM in the 3rd quarter valued at $28,000. Kestra Advisory Services LLC acquired a new stake in shares of TIM in the 4th quarter valued at $39,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 purchasing an additional 1,345 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of TIM in the 2nd quarter valued at $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