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

TIM S.A. Sponsored ADR (NYSE:TIMB) CFO Marques Andrea Palma Viegas sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 11th. The shares were 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 in the company, valued at approximately $356,986.91. The trade was a 16.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TIM Stock Performance

Shares of NYSE TIMB traded up $0.08 during trading on Friday, reaching $19.08. 438,342 shares of the company traded hands, compared to its average volume of 886,731. The firm’s fifty day simple moving average is $18.49 and its 200 day simple moving average is $21.90. The stock has a market cap of $9.13 billion, a P/E ratio of 11.63, a PEG ratio of 1.73 and a beta of 0.39. 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 current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB) last issued its quarterly earnings data 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 business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.37 billion. TIM had a return on equity of 17.61% and a net margin of 14.76%. As a group, research analysts anticipate that TIM S.A. Sponsored ADR will post 1.79 earnings per share for the current fiscal year.

TIM Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TIMB. Weiss Ratings cut shares of TIM from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Bank of America upgraded shares of TIM from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 13th. Barclays increased their price target on shares of TIM from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday. Wall Street Zen lowered shares of TIM from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Morgan Stanley reaffirmed a “market perform” rating and issued a $22.00 price objective on shares of TIM in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, TIM presently has a consensus rating of “Hold” and a consensus price target of $23.98.

Institutional Trading of TIM

A number of institutional investors and hedge funds have recently made changes to their positions in TIMB. Marshall Wace LLP acquired a new position in shares of TIM during the 3rd quarter worth approximately $7,898,000. First Trust Advisors LP purchased a new stake in TIM during the 3rd quarter worth approximately $298,000. Ieq Capital LLC acquired a new position in shares of TIM during the third quarter valued at approximately $650,000. Hantz Financial Services Inc. raised its holdings in shares of 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 acquiring an additional 1,037 shares during the last quarter. Finally, Ethic Inc. raised its holdings in shares of 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 acquiring an additional 23,468 shares during the last quarter.

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.