Robeco Institutional Asset Management B.V. Acquires 339,384 Shares of TIM S.A. Sponsored ADR $TIMB

Robeco Institutional Asset Management B.V. boosted its holdings in TIM S.A. Sponsored ADR (NYSE:TIMB) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,482,294 shares of the company’s stock after buying an additional 339,384 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in TIM were worth $70,029,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in TIM by 119.3% during the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company’s stock worth $47,000 after purchasing an additional 1,647 shares during the last quarter. Brooklyn Investment Group bought a new position in TIM during the 1st quarter worth approximately $50,000. Farther Finance Advisors LLC raised its holdings in TIM by 30,036.4% during the 1st quarter. Farther Finance Advisors LLC now owns 3,315 shares of the company’s stock worth $53,000 after purchasing an additional 3,304 shares during the last quarter. SVB Wealth LLC bought a new position in TIM during the 1st quarter worth approximately $64,000. Finally, PNC Financial Services Group Inc. raised its holdings in TIM by 29.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,258 shares of the company’s stock worth $67,000 after purchasing an additional 969 shares during the last quarter.

TIM Stock Performance

NYSE TIMB opened at $21.92 on Friday. The company has a fifty day simple moving average of $20.69 and a 200 day simple moving average of $18.44. TIM S.A. Sponsored ADR has a 12-month low of $11.32 and a 12-month high of $22.47. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54. The company has a market cap of $10.61 billion, a P/E ratio of 16.99, a PEG ratio of 0.87 and a beta of 0.65.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. TIM had a net margin of 13.91% and a return on equity of 13.99%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $6.62 billion. Sell-side analysts predict that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current fiscal year.

TIM Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, January 28th. Investors of record on Friday, October 3rd will be given a $0.1888 dividend. The ex-dividend date of this dividend is Friday, October 3rd. TIM’s dividend payout ratio (DPR) is presently 60.47%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. HSBC lowered shares of TIM to a “hold” rating in a report on Friday, June 13th. Wall Street Zen upgraded shares of TIM from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. Citigroup initiated coverage on shares of TIM in a research report on Wednesday, September 10th. They set a “buy” rating for the company. Barclays raised their price objective on shares of TIM from $17.50 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of TIM from $22.00 to $24.50 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, TIM currently has a consensus rating of “Hold” and an average target price of $21.25.

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.