Mount Yale Investment Advisors LLC Invests $283,000 in Tim S.A. (NYSE:TIMB)

Mount Yale Investment Advisors LLC purchased a new stake in Tim S.A. (NYSE:TIMB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 16,423 shares of the company’s stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TIMB. EverSource Wealth Advisors LLC lifted its holdings in shares of TIM by 108.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after buying an additional 835 shares in the last quarter. CWM LLC boosted its holdings in TIM by 105.7% in the 2nd quarter. CWM LLC now owns 2,471 shares of the company’s stock valued at $35,000 after purchasing an additional 1,270 shares during the period. SageView Advisory Group LLC acquired a new position in shares of TIM during the 1st quarter worth approximately $54,000. Headlands Technologies LLC bought a new position in shares of TIM during the first quarter worth approximately $59,000. Finally, Blue Trust Inc. increased its holdings 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TIMB shares. Scotiabank raised TIM from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $17.50 to $24.80 in a research report on Friday, September 20th. Barclays decreased their price target on TIM from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd.

TIM Stock Performance

NYSE TIMB opened at $14.80 on Monday. The firm’s 50 day simple moving average is $16.25 and its 200 day simple moving average is $15.88. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 12.03, a P/E/G ratio of 0.64 and a beta of 0.87. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.52. Tim S.A. has a 1 year low of $13.84 and a 1 year high of $19.14.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, July 30th. The company reported $0.31 earnings per share for the quarter. TIM had a return on equity of 11.47% and a net margin of 12.53%. The firm had revenue of $1.21 billion for the quarter. As a group, research analysts expect that Tim S.A. will post 1.27 earnings per share for the current fiscal year.

TIM Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th will be given a $0.088 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Monday, September 30th. TIM’s dividend payout ratio is presently 28.46%.

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.