73,228 Shares in TIM S.A. Sponsored ADR $TIMB Bought by Abacus Wealth Partners LLC

Abacus Wealth Partners LLC purchased a new position in TIM S.A. Sponsored ADR (NYSE:TIMB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 73,228 shares of the company’s stock, valued at approximately $1,424,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TD Private Client Wealth LLC bought a new stake in shares of TIM in the third quarter worth $28,000. EverSource Wealth Advisors LLC increased its stake in shares of TIM by 188.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after buying an additional 1,345 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of TIM in the second quarter worth $42,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of TIM in the second quarter worth $85,000. Finally, Amundi acquired a new stake in shares of TIM during the 1st quarter valued at approximately $87,000.

TIM Trading Down 3.4%

Shares of NYSE TIMB opened at $21.95 on Friday. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.12 and a beta of 0.43. TIM S.A. Sponsored ADR has a 12-month low of $16.64 and a 12-month 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’s 50 day simple moving average is $25.66 and its 200 day simple moving average is $23.89.

TIM (NYSE:TIMB) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $1.31 billion during 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 expect that TIM S.A. Sponsored ADR will post 1.81 EPS for the current year.

TIM Announces Dividend

The business also recently declared a special dividend, which was paid on Thursday, May 7th. Investors of record on Monday, March 30th were issued a $0.1552 dividend. The ex-dividend date of this dividend was Monday, March 30th. TIM’s dividend payout ratio (DPR) is 67.07%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TIMB shares. Bradesco Corretora lowered TIM to a “neutral” rating in a research report on Tuesday, April 28th. Citigroup lowered TIM from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Weiss Ratings lowered TIM from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Wall Street Zen raised TIM from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, Barclays upped their price target on TIM from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.10.

About TIM

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