Tim S.A. (NYSE:TIMB) Shares Sold by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC decreased its stake in Tim S.A. (NYSE:TIMB) by 77.8% during the 2nd quarter, Holdings Channel reports. The firm owned 2,047 shares of the company’s stock after selling 7,166 shares during the quarter. Atlas Capital Advisors LLC’s holdings in TIM were worth $29,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC boosted its stake in TIM by 105.7% during the 2nd quarter. CWM LLC now owns 2,471 shares of the company’s stock worth $35,000 after purchasing an additional 1,270 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in TIM during the 1st quarter valued at about $54,000. Headlands Technologies LLC acquired a new stake in TIM in the 1st quarter valued at about $59,000. Blue Trust Inc. lifted its stake in TIM by 298.2% in the 2nd quarter. Blue Trust Inc. now owns 6,973 shares of the company’s stock worth $100,000 after purchasing an additional 5,222 shares in the last quarter. Finally, Barometer Capital Management Inc. acquired a new position in shares of TIM during the 4th quarter worth approximately $118,000.

TIM Price Performance

TIM stock opened at $15.92 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $15.35 and a 200 day moving average price of $16.50. Tim S.A. has a 12-month low of $13.84 and a 12-month high of $19.14. The stock has a market cap of $7.71 billion, a P/E ratio of 12.94, a PEG ratio of 0.69 and a beta of 0.87.

TIM (NYSE:TIMB) last posted its earnings results on Tuesday, July 30th. The company reported $0.31 EPS for the quarter. The company had revenue of $1.21 billion for the quarter. TIM had a return on equity of 11.47% and a net margin of 12.53%. Sell-side analysts anticipate that Tim S.A. will post 1.25 earnings per share for the current year.

TIM Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Thursday, June 27th were paid a dividend of $0.1154 per share. This is a positive change from TIM’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.46 annualized dividend and a yield of 2.90%. TIM’s dividend payout ratio is presently 27.64%.

Analyst Upgrades and Downgrades

Separately, Barclays reduced their price objective 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.

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.