Brandes Investment Partners LP boosted its position in Tim S.A. (NYSE:TIMB - Free Report) by 127.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 144,814 shares of the company's stock after acquiring an additional 81,136 shares during the period. Brandes Investment Partners LP's holdings in TIM were worth $1,703,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. boosted its holdings in 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 acquiring an additional 384,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of TIM by 137.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company's stock valued at $12,187,000 after purchasing an additional 409,992 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of TIM during the third quarter valued at about $12,054,000. State Street Corp raised its stake in TIM by 16.7% in the third quarter. State Street Corp now owns 583,724 shares of the company's stock worth $10,207,000 after buying an additional 83,468 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in TIM by 13.8% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,198 shares of the company's stock worth $1,555,000 after buying an additional 16,000 shares during the period.
Analyst Ratings Changes
TIMB has been the subject of several research reports. The Goldman Sachs Group decreased their target price on TIM from $16.20 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Barclays raised 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. UBS Group downgraded shares of TIM from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Finally, Scotiabank lowered their price target 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.
View Our Latest Stock Analysis on TIM
TIM Stock Down 1.0 %
TIM stock traded down $0.16 during mid-day trading on Thursday, hitting $14.98. The company had a trading volume of 515,945 shares, compared to its average volume of 602,840. Tim S.A. has a 12 month low of $11.32 and a 12 month high of $18.78. The company has a market capitalization of $7.25 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. The stock's 50 day moving average price is $13.79 and its two-hundred day moving average price is $14.24. 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 (NYSE:TIMB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Tim S.A. will post 1.34 earnings per share for the current fiscal year.
TIM Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, February 21st will be given a dividend of $0.0717 per share. This represents a $0.29 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, February 21st. TIM's dividend payout ratio (DPR) is currently 51.69%.
About TIM
(
Free Report)
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.
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