US Bancorp DE Has $890,000 Position in TIM S.A. Sponsored ADR $TIMB

US Bancorp DE boosted its holdings in TIM S.A. Sponsored ADR (NYSE:TIMB) by 720.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,871 shares of the company’s stock after acquiring an additional 35,013 shares during the quarter. US Bancorp DE’s holdings in TIM were worth $890,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in TIM by 4.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock valued at $16,539,000 after purchasing an additional 47,130 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of TIM by 9.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 448,722 shares of the company’s stock valued at $10,015,000 after purchasing an additional 38,649 shares during the period. American Century Companies Inc. raised its holdings in shares of TIM by 26.4% in the 2nd quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock worth $8,961,000 after buying an additional 93,179 shares in the last quarter. Assetmark Inc. lifted its position in shares of TIM by 1.0% during the 3rd quarter. Assetmark Inc. now owns 384,034 shares of the company’s stock worth $8,572,000 after buying an additional 3,876 shares during the period. Finally, Ritholtz Wealth Management lifted its position in shares of TIM by 0.3% during the 3rd quarter. Ritholtz Wealth Management now owns 150,793 shares of the company’s stock worth $3,366,000 after buying an additional 441 shares during the period.

Analysts Set New Price Targets

A number of analysts have weighed in on TIMB shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of TIM in a research report on Monday, December 29th. Citigroup cut TIM from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Jefferies Financial Group downgraded shares of TIM from a “buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Barclays upped their target price on shares of TIM from $23.50 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Finally, Bank of America initiated coverage on shares of TIM in a research report on Thursday, December 11th. They set an “underperform” rating and a $24.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, TIM currently has an average rating of “Hold” and an average target price of $23.67.

TIM Trading Down 0.3%

TIMB stock opened at $25.48 on Friday. The business has a fifty day moving average price of $23.64 and a 200 day moving average price of $22.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.89 and a quick ratio of 0.86. TIM S.A. Sponsored ADR has a fifty-two week low of $14.09 and a fifty-two week high of $27.74. The stock has a market capitalization of $12.34 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 0.66 and a beta of 0.46.

TIM (NYSE:TIMB) last announced its earnings results on Tuesday, February 10th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.38). TIM had a return on equity of 17.84% and a net margin of 16.28%.The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.30 billion. Analysts expect that TIM S.A. Sponsored ADR will post 1.34 EPS for the current fiscal year.

TIM Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th were issued a dividend of $0.6784 per share. The ex-dividend date of this dividend was Monday, December 29th. TIM’s dividend payout ratio is currently 84.38%.

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