TIM (NYSE:TIMB) Stock Unloaded Rep. Jonathan L. Jackson

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 Trading Up 1.3 %

Shares of NYSE TIMB traded up $0.16 during mid-day trading on Friday, hitting $12.17. 626,074 shares of the stock were exchanged, compared to its average volume of 398,311. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. Tim S.A. has a twelve month low of $11.32 and a twelve month high of $19.14. The stock's fifty day simple moving average is $12.76 and its two-hundred day simple moving average is $14.65.

TIM (NYSE:TIMB - Get Free Report) last announced 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). TIM had a net margin of 12.71% and a return on equity of 11.73%. The business had revenue of $1.16 billion during the quarter. As a group, equities research analysts forecast that Tim S.A. will post 1.2 EPS for the current year.

TIM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, December 30th will be issued a dividend of $0.1723 per share. This is an increase from TIM's previous quarterly dividend of $0.09. This represents a $0.69 annualized dividend and a yield of 5.66%. The ex-dividend date is Monday, December 30th. TIM's dividend payout ratio (DPR) is currently 54.76%.

Wall Street Analyst Weigh In

Several analysts have commented on TIMB shares. The Goldman Sachs Group dropped their target price on shares of TIM from $16.20 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Barclays decreased their target price on TIM from $17.50 to $15.50 and set an "equal weight" rating for the company in a research report on Tuesday. UBS Group downgraded shares of TIM from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Finally, Scotiabank decreased their price objective on shares of TIM from $24.80 to $23.20 and set a "sector outperform" rating for the company in a report on Tuesday, November 5th.

Institutional Investors Weigh In On TIM

A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in 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 acquired a new stake in shares of TIM in the third quarter valued at approximately $25,000. Inspire Advisors LLC bought a new stake in shares of TIM in the third quarter valued at approximately $173,000. XTX Topco Ltd grew its position in TIM by 26.1% during the second quarter. XTX Topco Ltd now owns 13,264 shares of the company's stock worth $190,000 after buying an additional 2,746 shares in the last quarter. Finally, Aprio Wealth Management LLC bought a new position in TIM during the 4th quarter worth $194,000.

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.