18,600 Shares in Tim S.A. (NYSE:TIMB) Acquired by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. purchased a new position in shares of Tim S.A. (NYSE:TIMB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,600 shares of the company's stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TIMB. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of TIM in the 3rd quarter worth about $12,054,000. Itau Unibanco Holding S.A. grew its position in shares of TIM by 55.8% in the third quarter. Itau Unibanco Holding S.A. now owns 1,073,450 shares of the company's stock valued at $18,485,000 after purchasing an additional 384,500 shares during the last quarter. State Street Corp increased its stake in shares of TIM by 16.7% during the 3rd quarter. State Street Corp now owns 583,724 shares of the company's stock worth $10,207,000 after purchasing an additional 83,468 shares in the last quarter. Brandes Investment Partners LP lifted its stake in TIM by 127.4% in the 4th quarter. Brandes Investment Partners LP now owns 144,814 shares of the company's stock valued at $1,703,000 after buying an additional 81,136 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in TIM during the 3rd quarter valued at $1,331,000.

TIM Stock Performance

TIM stock opened at $15.65 on Tuesday. The stock has a market cap of $7.58 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. The stock has a 50 day moving average of $14.34 and a 200-day moving average of $14.17. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. Tim S.A. has a 52 week low of $11.32 and a 52 week high of $18.78.

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

TIM Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Wednesday, May 7th. Investors of record on Friday, April 4th will be paid a dividend of $0.1394 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from TIM's previous -- dividend of $0.12. This represents a yield of 6%. TIM's dividend payout ratio (DPR) is 58.47%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lifted their price objective on TIM from $16.00 to $16.50 and gave the stock an "equal weight" rating in a research report on Monday, March 17th. UBS Group lowered TIM from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Scotiabank dropped their price objective on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group reduced their price objective on TIM from $16.20 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th.

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.