American Century Companies Inc. Acquires 17,506 Shares of Tim S.A. (NYSE:TIMB)

American Century Companies Inc. lifted its stake in Tim S.A. (NYSE:TIMB - Free Report) by 5.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 334,679 shares of the company's stock after acquiring an additional 17,506 shares during the period. American Century Companies Inc. owned 0.07% of TIM worth $3,936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in TIM by 16.7% during the third quarter. State Street Corp now owns 583,724 shares of the company's stock valued at $10,207,000 after acquiring an additional 83,468 shares during the period. Brandes Investment Partners LP lifted its position in shares of TIM by 127.4% during the 4th quarter. Brandes Investment Partners LP now owns 144,814 shares of the company's stock worth $1,703,000 after purchasing an additional 81,136 shares during the last quarter. World Investment Advisors LLC bought a new stake in TIM during the 3rd quarter valued at approximately $1,331,000. Public Employees Retirement System of Ohio acquired a new stake in TIM in the 3rd quarter valued at approximately $1,089,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in TIM in the 4th quarter valued at approximately $500,000.

TIM Stock Performance

Shares of TIMB traded down $0.83 on Thursday, reaching $14.45. 622,211 shares of the stock traded hands, compared to its average volume of 517,457. The stock's 50-day moving average price is $14.76 and its 200-day moving average price is $14.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 0.67 and a beta of 0.53. Tim S.A. has a 12 month low of $11.32 and a 12 month high of $18.39.

TIM (NYSE:TIMB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. Equities analysts forecast that Tim S.A. will post 1.34 EPS for the current fiscal year.

TIM Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, April 11th will be paid a $0.2288 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a yield of 5.73%. This is a boost from TIM's previous dividend of $0.08. TIM's payout ratio is presently 65.25%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TIMB. Barclays increased their price objective on TIM from $16.00 to $16.50 and gave the company an "equal weight" rating in a research report on Monday, March 17th. The Goldman Sachs Group reduced their price target on shares of TIM from $16.20 to $14.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Finally, Scotiabank dropped their price objective on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a report on Wednesday, February 12th.

TIM 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.