30,868 Shares in Tim S.A. (NYSE:TIMB) Purchased by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda acquired a new position in shares of Tim S.A. (NYSE:TIMB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,868 shares of the company’s stock, valued at approximately $363,000.

Other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC grew 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 valued at $29,000 after buying an additional 2,211 shares in the last quarter. R Squared Ltd purchased a new position in TIM during the 4th quarter valued at about $53,000. EntryPoint Capital LLC acquired a new position in shares of TIM in the 4th quarter valued at about $146,000. Jane Street Group LLC purchased a new stake in shares of TIM in the third quarter worth approximately $215,000. Finally, Aprio Wealth Management LLC purchased a new position in TIM during the fourth quarter valued at approximately $194,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Scotiabank dropped their price objective on TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a report on Wednesday, February 12th. Barclays raised their price target on shares of TIM from $16.00 to $16.50 and gave the company an “equal weight” rating in a report on Monday, March 17th.

TIM Stock Up 0.8 %

TIMB opened at $16.60 on Wednesday. The firm has a market cap of $8.04 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 0.67 and a beta of 0.53. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The business has a 50 day moving average price of $15.06 and a 200 day moving average price of $14.01. Tim S.A. has a twelve month low of $11.32 and a twelve month high of $18.39.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share 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%. Research analysts forecast that Tim S.A. will post 1.34 EPS for the current year.

TIM Increases Dividend

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

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.