Public Employees Retirement System of Ohio Has $134,000 Position in TIM S.A. Sponsored ADR $TIMB

Public Employees Retirement System of Ohio cut its position in shares of TIM S.A. Sponsored ADR (NYSE:TIMB) by 88.9% in the first quarter, Holdings Channel reports. The institutional investor owned 5,047 shares of the company’s stock after selling 40,293 shares during the period. Public Employees Retirement System of Ohio’s holdings in TIM were worth $134,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in TIM during the 4th quarter worth approximately $836,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in TIM by 102.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,702 shares of the company’s stock worth $753,000 after purchasing an additional 19,552 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in TIM by 55.5% during the first quarter. Hsbc Holdings PLC now owns 135,167 shares of the company’s stock worth $3,578,000 after purchasing an additional 48,232 shares during the last quarter. UBS Group AG grew its position in TIM by 12.4% in the fourth quarter. UBS Group AG now owns 537,416 shares of the company’s stock valued at $10,453,000 after purchasing an additional 59,136 shares in the last quarter. Finally, Assetmark Inc. increased its stake in TIM by 7.3% in the 4th quarter. Assetmark Inc. now owns 412,099 shares of the company’s stock valued at $8,015,000 after buying an additional 28,065 shares during the last quarter.

Insider Activity

In related news, insider Auana Mattar Lima sold 8,200 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $4.42, for a total value of $36,244.00. Following the transaction, the insider owned 36,686 shares in the company, valued at approximately $162,152.12. This represents a 18.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marques Andrea Palma Viegas sold 35,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total transaction of $151,200.00. Following the completion of the transaction, the chief financial officer owned 83,259 shares in the company, valued at approximately $359,678.88. This trade represents a 29.60% decrease in their position. The disclosure for this sale is available in the SEC filing.

TIM Stock Performance

TIMB opened at $18.27 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.55. TIM S.A. Sponsored ADR has a 12-month low of $18.23 and a 12-month high of $28.22. The business has a 50 day moving average of $21.35 and a 200-day moving average of $23.78. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.21 and a beta of 0.40.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Wednesday, June 17th. The company reported $0.42 earnings per share for the quarter. TIM had a return on equity of 17.99% and a net margin of 15.73%. On average, equities research analysts expect that TIM S.A. Sponsored ADR will post 1.83 earnings per share for the current year.

TIM Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, July 29th. Stockholders of record on Monday, June 29th were given a $0.1618 dividend. The ex-dividend date of this dividend was Monday, June 29th. TIM’s dividend payout ratio is presently 60.95%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group started coverage on shares of TIM in a research note on Monday, May 18th. They set a “neutral” rating and a $23.40 price objective for the company. Bradesco Corretora cut TIM to a “neutral” rating in a research report on Tuesday, April 28th. Barclays lowered their price target on TIM from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Santander raised TIM from a “neutral” rating to an “outperform” rating in a report on Monday, June 22nd. Finally, Scotiabank boosted their target price on shares of TIM from $27.00 to $28.50 and gave the stock a “sector perform” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.23.

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