TIM (NYSE:TIMB) CFO Marques Andrea Palma Viegas Sells 35,000 Shares of Stock

TIM S.A. Sponsored ADR (NYSE:TIMB) CFO Marques Andrea Palma Viegas sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $4.32, for a total transaction of $151,200.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TIM Trading Down 1.0%

NYSE:TIMB opened at $21.44 on Thursday. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.12 and a beta of 0.37. TIM S.A. Sponsored ADR has a 52 week low of $17.65 and a 52 week high of $28.22. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $23.33 and a 200 day moving average of $23.66.

TIM (NYSE:TIMB) last released 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 firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. TIM had a return on equity of 17.77% and a net margin of 16.00%. As a group, sell-side analysts anticipate that TIM S.A. Sponsored ADR will post 1.8 earnings per share for the current fiscal year.

TIM Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Monday, June 29th will be given a $0.1618 dividend. The ex-dividend date of this dividend is Monday, June 29th. TIM’s dividend payout ratio (DPR) is presently 61.59%.

Institutional Trading of TIM

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in shares of TIM by 53.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after acquiring an additional 494 shares during the period. Kestra Advisory Services LLC acquired a new position in TIM during the fourth quarter valued at $39,000. EverSource Wealth Advisors LLC lifted its position in TIM by 188.1% during the second 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 during the period. Raymond James Financial Inc. purchased a new stake in TIM in the second quarter valued at $42,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in TIM in the fourth quarter valued at $56,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Zacks Research lowered TIM from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Barclays raised their price target on TIM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Bradesco Corretora lowered TIM to a “neutral” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group started coverage on shares of TIM in a report on Monday, May 18th. They set a “neutral” rating and a $23.40 price objective on the stock. Finally, Wall Street Zen lowered shares of TIM from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, TIM presently has an average rating of “Hold” and an average target price of $25.90.

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