Insider Selling: TIM (NYSE:TIMB) CFO Sells $151,200.00 in Stock

TIM S.A. Sponsored ADR (NYSE:TIMB) CFO Marques Andrea Palma Viegas sold 35,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total value of $151,200.00. Following the transaction, the chief financial officer owned 83,259 shares in the company, valued at $359,678.88. This trade represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TIM Price Performance

NYSE:TIMB traded down $0.21 during mid-day trading on Wednesday, reaching $21.44. The stock had a trading volume of 225,124 shares, compared to its average volume of 405,535. The firm has a 50 day moving average price of $23.45 and a two-hundred day moving average price of $23.67. The stock has a market capitalization of $10.38 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.11 and a beta of 0.37. TIM S.A. Sponsored ADR has a one year low of $17.65 and a one year high of $28.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 0.92.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). TIM had a net margin of 16.00% and a return on equity of 17.77%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. As a group, analysts expect that TIM S.A. Sponsored ADR will post 1.8 earnings per share for the current year.

TIM Dividend Announcement

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 paid a $0.1618 dividend. The ex-dividend date of this dividend is Monday, June 29th. TIM’s dividend payout ratio is 61.59%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. 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 buying an additional 494 shares during the period. Kestra Advisory Services LLC purchased a new stake in TIM during the 4th quarter valued at $39,000. EverSource Wealth Advisors LLC grew its holdings in TIM by 188.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after acquiring an additional 1,345 shares during the last quarter. Raymond James Financial Inc. bought a new stake in TIM in the 2nd quarter worth $42,000. Finally, Atlas Capital Advisors Inc. bought a new stake in TIM in the 4th quarter worth $56,000.

Analysts Set New Price Targets

A number of brokerages recently commented on TIMB. New Street Research upgraded shares of TIM from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Barclays upped their price target on shares of TIM from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Wall Street Zen downgraded TIM from a “strong-buy” rating to a “buy” rating in a report on Monday, May 25th. Weiss Ratings downgraded TIM from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, Zacks Research lowered TIM from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $25.90.

TIM Company 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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA