Tim S.A. (NYSE:TIMB) Shares Sold by US Bancorp DE

US Bancorp DE decreased its holdings in Tim S.A. (NYSE:TIMB) by 6.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,330 shares of the company’s stock after selling 1,429 shares during the period. US Bancorp DE’s holdings in TIM were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in TIM by 108.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after acquiring an additional 835 shares during the last quarter. CWM LLC raised its holdings in shares of TIM by 105.7% in the 2nd quarter. CWM LLC now owns 2,471 shares of the company’s stock valued at $35,000 after purchasing an additional 1,270 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in shares of TIM during the 1st quarter worth $54,000. Headlands Technologies LLC purchased a new stake in shares of TIM during the 1st quarter worth $59,000. Finally, Blue Trust Inc. grew its stake in shares of TIM by 298.2% during the second quarter. Blue Trust Inc. now owns 6,973 shares of the company’s stock worth $100,000 after purchasing an additional 5,222 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TIMB shares. Scotiabank decreased their price target on TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a report on Tuesday, November 5th. Barclays reduced their price objective on shares of TIM from $18.00 to $17.50 and set an “equal weight” rating for the company in a research report on Tuesday.

TIM Stock Performance

Shares of TIMB stock opened at $14.31 on Wednesday. Tim S.A. has a 1 year low of $13.74 and a 1 year high of $19.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85 and a current ratio of 0.97. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 0.59 and a beta of 0.89. The stock’s 50-day moving average is $15.80 and its two-hundred day moving average is $15.70.

TIM (NYSE:TIMB) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). TIM had a return on equity of 11.73% and a net margin of 12.71%. The firm had revenue of $1.16 billion for the quarter. Analysts predict that Tim S.A. will post 1.27 earnings per share for the current year.

TIM Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th were issued a $0.088 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.46%. TIM’s payout ratio is 26.19%.

TIM 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.