Natixis Advisors LLC Buys Shares of 27,137 Tim S.A. (NYSE:TIMB)

Natixis Advisors LLC purchased a new position in Tim S.A. (NYSE:TIMB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,137 shares of the company's stock, valued at approximately $319,000.

A number of other large investors have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of TIM in the 3rd quarter valued at $25,000. Global Retirement Partners LLC lifted its holdings in shares of TIM by 1,005.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after purchasing an additional 2,211 shares during the period. R Squared Ltd acquired a new stake in shares of TIM during the fourth quarter worth about $53,000. Jane Street Group LLC purchased a new position in TIM during the 3rd quarter worth approximately $215,000. Finally, Aprio Wealth Management LLC acquired a new stake in TIM during the 4th quarter valued at approximately $194,000.

Analysts Set New Price Targets

TIMB has been the subject of several recent research reports. Barclays raised their target price on shares of TIM from $16.00 to $16.50 and gave the stock an "equal weight" rating in a report on Monday, March 17th. The Goldman Sachs Group lowered their target price on TIM from $16.20 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Scotiabank lowered their price objective on TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, UBS Group lowered shares of TIM from a "buy" rating to a "neutral" rating in a report on Monday, December 9th.

TIM Price Performance

NYSE TIMB traded up $0.06 during trading hours on Wednesday, reaching $15.96. The company's stock had a trading volume of 639,175 shares, compared to its average volume of 510,958. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 0.67 and a beta of 0.84. The company's 50-day moving average is $14.47 and its two-hundred day moving average is $14.18. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. Tim S.A. has a 1-year low of $11.32 and a 1-year high of $18.78.

TIM (NYSE:TIMB - Get Free Report) last announced 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, equities analysts predict that Tim S.A. will post 1.34 EPS for the current year.

TIM Increases Dividend

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

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.