Tim S.A. (NYSE:TIMB) Stock Position Lowered by Quantinno Capital Management LP

Quantinno Capital Management LP lowered its position in shares of Tim S.A. (NYSE:TIMB) by 13.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,578 shares of the company’s stock after selling 2,671 shares during the period. Quantinno Capital Management LP’s holdings in TIM were worth $303,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TIMB. EverSource Wealth Advisors LLC raised its holdings in shares of TIM by 108.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after purchasing an additional 835 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of TIM during the 3rd quarter worth $25,000. CWM LLC grew 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 worth $35,000 after acquiring an additional 1,270 shares during the last quarter. Blue Trust Inc. raised its position 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 during the period. Finally, Inspire Advisors LLC purchased a new stake in shares of TIM during the third quarter valued at $173,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TIMB shares. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Barclays decreased their target price on shares of TIM from $18.00 to $17.50 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Finally, Scotiabank cut their price target on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a report on Tuesday, November 5th.

TIM Stock Down 0.9 %

NYSE:TIMB opened at $12.60 on Monday. The business’s fifty day moving average price is $14.27 and its 200 day moving average price is $15.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. Tim S.A. has a 1-year low of $12.55 and a 1-year high of $19.14.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). The business had revenue of $1.16 billion during the quarter. TIM had a net margin of 12.71% and a return on equity of 11.73%. As a group, equities research analysts expect that Tim S.A. will post 1.2 EPS for the current fiscal year.

TIM Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th were given a $0.088 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.35 dividend on an annualized basis and a yield of 2.79%. TIM’s payout ratio is 26.98%.

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.