Rep. Jonathan L. Jackson Sells Tim S.A. (NYSE:TIMB) Stock

Representative Jonathan L. Jackson (D-Illinois) recently sold shares of Tim S.A. (NYSE:TIMB). In a filing disclosed on January 16th, the Representative disclosed that they had sold between $15,001 and $50,000 in TIM stock on December 9th. The trade occurred in the Representative’s “MORGAN STANLEY TRUST ACCOUNT” account.

Representative Jonathan L. Jackson also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of General Dynamics (NYSE:GD) on 12/16/2024.
• Purchased $15,001 – $50,000 in shares of O’Reilly Automotive (NASDAQ:ORLY) on 12/16/2024.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 12/9/2024.
• Purchased $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/27/2024.
• Sold $15,001 – $50,000 in shares of Applied Materials (NASDAQ:AMAT) on 11/27/2024.
• Sold $15,001 – $50,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 11/13/2024.
• Purchased $15,001 – $50,000 in shares of Church & Dwight (NYSE:CHD) on 11/13/2024.
• Sold $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 11/1/2024.
• Purchased $15,001 – $50,000 in shares of Salesforce (NYSE:CRM) on 10/28/2024.
• Sold $15,001 – $50,000 in shares of ASML (NASDAQ:ASML) on 10/28/2024.

TIM Price Performance

Shares of TIMB traded up $0.16 on Friday, hitting $12.17. The company’s stock had a trading volume of 626,074 shares, compared to its average volume of 398,311. Tim S.A. has a fifty-two week low of $11.32 and a fifty-two week high of $19.14. The company has a 50 day moving average price of $12.76 and a 200 day moving average price of $14.65. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB) last announced its earnings results on Tuesday, November 5th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.09). TIM had a return on equity of 11.73% and a net margin of 12.71%. The business had revenue of $1.16 billion for the quarter. As a group, sell-side analysts anticipate that Tim S.A. will post 1.2 EPS for the current fiscal year.

TIM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.1723 per share. This is a positive change from TIM’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.69 annualized dividend and a dividend yield of 5.66%. TIM’s dividend payout ratio (DPR) is presently 54.76%.

Analyst Upgrades and Downgrades

TIMB has been the topic of a number of recent research reports. Scotiabank decreased their price objective on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 5th. Barclays lowered their price objective on TIM from $17.50 to $15.50 and set an “equal weight” rating for the company in a research report on Tuesday. The Goldman Sachs Group reduced their target price on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th.

Institutional Investors Weigh In On TIM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in TIM by 7.8% during the 2nd quarter. Victory Capital Management Inc. now owns 46,912 shares of the company’s stock worth $672,000 after acquiring an additional 3,408 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of TIM by 69.2% during the second quarter. Daiwa Securities Group Inc. now owns 22,000 shares of the company’s stock worth $315,000 after purchasing an additional 9,000 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of TIM by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 284,714 shares of the company’s stock valued at $4,077,000 after buying an additional 15,501 shares during the period. Renaissance Technologies LLC increased its position in shares of TIM by 11.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,364,048 shares of the company’s stock valued at $19,533,000 after buying an additional 142,862 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in TIM by 30.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,701 shares of the company’s stock worth $253,000 after buying an additional 4,172 shares during the period.

About Representative Jackson

Jonathan Jackson (Democratic Party) is a member of the U.S. House, representing Illinois’ 1st Congressional District. Jackson assumed office on January 3, 2023. Jackson’s current term ends on January 3, 2025. Jackson (Democratic Party) is running for re-election to the U.S. House to represent Illinois’ 1st Congressional District. Jackson declared candidacy for the 2024 election. Jonathan Jackson was born in Chicago, Illinois. Jackson graduated from Whitney Young High School. He earned an M.B.A. from Northwestern University. Jackson’s career experience includes working as an investment analyst and an entrepreneur.

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.