Barclays PLC Buys Shares of 25,435 Tim S.A. (NYSE:TIMB)

Barclays PLC purchased a new position in shares of Tim S.A. (NYSE:TIMB - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 25,435 shares of the company's stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Global Retirement Partners LLC boosted its holdings in TIM by 1,005.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after acquiring an additional 2,211 shares in the last quarter. R Squared Ltd bought a new position in shares of TIM in the fourth quarter valued at approximately $53,000. Blue Trust Inc. lifted its stake in TIM by 34.1% during the 4th quarter. Blue Trust Inc. now owns 19,172 shares of the company's stock valued at $225,000 after acquiring an additional 4,880 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in TIM by 8.0% during the 4th quarter. Ritholtz Wealth Management now owns 67,724 shares of the company's stock worth $796,000 after acquiring an additional 4,997 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of TIM by 30.2% in the fourth quarter. Quantbot Technologies LP now owns 50,570 shares of the company's stock valued at $595,000 after purchasing an additional 11,730 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have commented on TIMB shares. The Goldman Sachs Group lifted their target price on shares of TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Barclays set a $17.50 price objective on TIM in a research report on Wednesday, May 7th. Finally, Scotiabank decreased their target price on TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a research report on Wednesday, February 12th.

TIM Stock Performance

TIMB traded up $0.31 during midday trading on Wednesday, reaching $17.70. The company had a trading volume of 332,038 shares, compared to its average volume of 508,896. Tim S.A. has a 12-month low of $11.32 and a 12-month high of $18.16. The business has a 50-day moving average price of $15.59 and a two-hundred day moving average price of $14.13. The stock has a market cap of $8.57 billion, a PE ratio of 15.00, a P/E/G ratio of 0.67 and a beta of 0.62. 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 (NYSE:TIMB - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $6.38 billion. TIM had a return on equity of 11.91% and a net margin of 12.24%. On average, sell-side analysts expect that Tim S.A. will post 1.34 earnings per share for the current fiscal year.

TIM Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, May 23rd will be paid a $0.1086 dividend. This represents a yield of 7.6%. The ex-dividend date is Friday, May 23rd. TIM's dividend payout ratio is currently 68.00%.

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.