TIM (NYSE:TIMB) CFO Sells $151,200.00 in Stock

TIM S.A. Sponsored ADR (NYSE:TIMB) CFO Marques Andrea Palma Viegas sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total transaction of $151,200.00. Following the completion of the sale, the chief financial officer owned 83,259 shares of the company’s stock, valued at approximately $359,678.88. This trade represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TIM Stock Performance

Shares of TIMB stock opened at $22.06 on Friday. The business’s fifty day simple moving average is $23.12 and its 200-day simple moving average is $23.66. The company has a market cap of $10.68 billion, a PE ratio of 13.45, a PEG ratio of 1.13 and a beta of 0.37. 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 12-month low of $17.65 and a 12-month high of $28.22.

TIM (NYSE:TIMB) last posted its quarterly earnings data 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). TIM had a return on equity of 17.77% and a net margin of 16.00%.The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. Analysts expect that TIM S.A. Sponsored ADR will post 1.8 earnings per share for the current fiscal year.

TIM Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Monday, June 29th will be issued a dividend of $0.1618 per share. The ex-dividend date is Monday, June 29th. TIM’s dividend payout ratio is 61.59%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wall Street Zen cut shares of TIM from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 25th. Weiss Ratings cut shares of TIM from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Barclays lifted their price objective on shares of TIM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Santander raised shares of TIM from a “neutral” rating to an “outperform” rating in a report on Monday. Finally, New Street Research raised TIM from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, TIM presently has a consensus rating of “Hold” and an average price target of $25.90.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TIMB. Inspire Investing LLC grew its stake in shares of TIM by 10.1% during the 1st quarter. Inspire Investing LLC now owns 4,191 shares of the company’s stock worth $111,000 after purchasing an additional 386 shares during the period. Wells Fargo & Company MN lifted its stake 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 during the period. EverSource Wealth Advisors LLC lifted its stake in shares of TIM by 23.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,619 shares of the company’s stock valued at $51,000 after purchasing an additional 504 shares during the period. NewEdge Advisors LLC boosted its holdings in TIM by 5.2% during the fourth quarter. NewEdge Advisors LLC now owns 14,551 shares of the company’s stock worth $283,000 after buying an additional 714 shares in the last quarter. Finally, DGS Capital Management LLC grew its position in TIM by 1.9% during 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 period.

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