Tim S.A. (NYSE:TIMB) Shares Sold by Assetmark Inc.

Assetmark Inc. lowered its position in Tim S.A. (NYSE:TIMB - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 279,409 shares of the company's stock after selling 29,816 shares during the quarter. Assetmark Inc. owned approximately 0.06% of TIM worth $3,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in shares of TIM by 78.9% in the 4th quarter. US Bancorp DE now owns 38,162 shares of the company's stock valued at $449,000 after acquiring an additional 16,832 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in TIM in the fourth quarter valued at $500,000. Global Retirement Partners LLC raised its holdings in shares of TIM by 1,005.0% in the fourth 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 last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of TIM by 13.8% during 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. Finally, R Squared Ltd purchased a new position in shares of TIM during the fourth quarter worth about $53,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TIMB shares. UBS Group cut TIM from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. The Goldman Sachs Group dropped their price objective on shares of TIM from $16.20 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Scotiabank reduced their target price on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a research note on Wednesday, February 12th. Finally, Barclays boosted their price target on shares of TIM from $15.50 to $16.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 18th.

Remove Ads

TIM Price Performance

TIMB stock traded up $0.12 on Thursday, reaching $14.60. 385,568 shares of the company's stock were exchanged, compared to its average volume of 615,328. The stock has a fifty day moving average of $13.48 and a 200-day moving average of $14.28. The firm has a market cap of $7.07 billion, a PE ratio of 12.37, a P/E/G ratio of 0.67 and a beta of 0.84. 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 S.A. has a twelve month low of $11.32 and a twelve month high of $19.12.

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 net margin of 12.24% and a return on equity of 11.91%. As a group, equities analysts predict that Tim S.A. will post 1.34 EPS for the current fiscal year.

TIM Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, February 21st will be given a dividend of $0.0717 per share. The ex-dividend date is Friday, February 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.97%. TIM's payout ratio is 51.69%.

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.