Cerity Partners LLC Purchases New Position in Tim S.A. (NYSE:TIMB)

Cerity Partners LLC acquired a new position in shares of Tim S.A. (NYSE:TIMB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 27,649 shares of the company's stock, valued at approximately $330,000.

Other hedge funds have also made changes to their positions in the company. Schroder Investment Management Group bought a new position in shares of TIM in the 4th quarter worth $5,666,000. Arrowstreet Capital Limited Partnership lifted its position in shares of TIM by 8.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company's stock valued at $22,732,000 after buying an additional 152,061 shares during the last quarter. State Street Corp boosted its holdings in shares of TIM by 16.7% in the 3rd quarter. State Street Corp now owns 583,724 shares of the company's stock valued at $10,207,000 after buying an additional 83,468 shares in the last quarter. Brandes Investment Partners LP grew its position in shares of TIM by 127.4% in the 4th quarter. Brandes Investment Partners LP now owns 144,814 shares of the company's stock worth $1,703,000 after buying an additional 81,136 shares during the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of TIM during the 3rd quarter worth approximately $1,331,000.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Scotiabank cut 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. Barclays upped their target price on TIM from $16.00 to $16.50 and gave the company an "equal weight" rating in a research report on Monday, March 17th.

TIM Trading Up 2.0 %

NYSE TIMB opened at $15.93 on Thursday. The stock has a market cap of $7.71 billion, a P/E ratio of 13.50, a P/E/G ratio of 0.67 and a beta of 0.53. 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 12-month low of $11.32 and a 12-month high of $18.39. The company has a fifty day simple moving average of $14.96 and a two-hundred day simple moving average of $14.00.

TIM (NYSE:TIMB - Get Free Report) last issued its quarterly 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 forecast that Tim S.A. will post 1.34 earnings per share for the current year.

TIM Increases Dividend

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

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.

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