Arrowstreet Capital Limited Partnership Increases Stake in Tim S.A. (NYSE:TIMB)

Arrowstreet Capital Limited Partnership grew its holdings in Tim S.A. (NYSE:TIMB - Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,932,973 shares of the company's stock after acquiring an additional 152,061 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.40% of TIM worth $22,732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TIMB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in TIM during the third quarter valued at $25,000. Global Retirement Partners LLC lifted its holdings in shares of TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock valued at $29,000 after buying an additional 2,211 shares during the period. R Squared Ltd purchased a new stake in shares of TIM in the fourth quarter worth about $53,000. EntryPoint Capital LLC purchased a new stake in shares of TIM in the fourth quarter worth about $146,000. Finally, Aprio Wealth Management LLC acquired a new stake in TIM during the fourth quarter worth about $194,000.

Analyst Upgrades and Downgrades

Several research firms have commented on TIMB. UBS Group lowered TIM from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Scotiabank lowered their price target 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. The Goldman Sachs Group cut their price objective 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, Barclays increased their target price on shares of TIM from $16.00 to $16.50 and gave the stock an "equal weight" rating in a research note on Monday, March 17th.

TIM Price Performance

Shares of TIMB stock traded down $0.07 during trading hours on Tuesday, hitting $14.53. 559,175 shares of the company's stock were exchanged, compared to its average volume of 515,157. The firm has a 50 day moving average of $14.66 and a two-hundred day moving average of $14.11. Tim S.A. has a fifty-two week low of $11.32 and a fifty-two week high of $18.78. The firm has a market cap of $7.03 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.67 and a beta of 0.53. 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 - Get Free Report) last posted its quarterly earnings data 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%. Sell-side analysts forecast that Tim S.A. will post 1.34 EPS for the current year.

TIM Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, April 11th will be issued a $0.2288 dividend. This represents a yield of 5.73%. This is a boost from TIM's previous dividend of $0.08. The ex-dividend date of this dividend is Thursday, April 10th. TIM's payout ratio is presently 58.47%.

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.