Banco BTG Pactual S.A. Purchases New Holdings in Tim S.A. (NYSE:TIMB)

Banco BTG Pactual S.A. acquired a new position in shares of Tim S.A. (NYSE:TIMB) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,600 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of TIM during the third quarter worth about $25,000. Global Retirement Partners LLC raised its stake in 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 bought a new position in TIM during the 4th quarter worth approximately $53,000. EntryPoint Capital LLC acquired a new position in shares of TIM in the 4th quarter worth approximately $146,000. Finally, Aprio Wealth Management LLC acquired a new stake in shares of TIM during the 4th quarter valued at approximately $194,000.

TIM Stock Performance

Shares of TIMB opened at $15.40 on Thursday. The firm has a fifty day moving average of $14.13 and a 200-day moving average of $14.20. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. Tim S.A. has a 1 year low of $11.32 and a 1 year high of $18.78.

TIM (NYSE:TIMB) last posted its 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 anticipate that Tim S.A. will post 1.34 earnings per share for the current year.

TIM Increases Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, May 7th. Investors of record on Friday, April 4th will be given a $0.1394 dividend. This is a boost from TIM’s previous — dividend of $0.12. This represents a yield of 6%. The ex-dividend date is Friday, April 4th. TIM’s dividend payout ratio (DPR) is currently 51.69%.

Analyst Ratings Changes

A number of equities analysts have commented on TIMB shares. Barclays lifted their price objective 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. UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. The Goldman Sachs Group cut their target price on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, Scotiabank lowered their target price on TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a report on Wednesday, February 12th.

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.