Cerity Partners LLC Buys Shares of 27,649 Tim S.A. (NYSE:TIMB)

Cerity Partners LLC acquired a new stake in Tim S.A. (NYSE:TIMB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 27,649 shares of the company's stock, valued at approximately $330,000.

Several other large investors have also modified their holdings of the stock. Schroder Investment Management Group acquired a new position in shares of TIM in the 4th quarter valued at $5,666,000. Arrowstreet Capital Limited Partnership boosted its stake in TIM by 8.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company's stock worth $22,732,000 after purchasing an additional 152,061 shares during the period. JPMorgan Chase & Co. boosted its stake in TIM by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 829,841 shares of the company's stock worth $9,759,000 after purchasing an additional 18,970 shares during the period. Banco BTG Pactual S.A. acquired a new stake in TIM during the 4th quarter worth $220,000. Finally, EntryPoint Capital LLC acquired a new stake in TIM during the 4th quarter worth $146,000.

TIM Stock Performance

TIM stock traded up $0.20 during trading hours on Tuesday, reaching $16.67. 17,186 shares of the stock were exchanged, compared to its average volume of 514,592. The stock has a market cap of $8.07 billion, a P/E ratio of 14.10, a P/E/G 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. Tim S.A. has a 52-week low of $11.32 and a 52-week high of $18.39. The firm's 50 day moving average is $15.03 and its 200 day moving average is $13.99.

TIM (NYSE:TIMB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS 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%. Analysts predict that Tim S.A. will post 1.34 EPS for the current fiscal year.

TIM Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, April 11th will be issued a $0.2288 dividend. This represents a dividend yield of 5.73%. The ex-dividend date is Thursday, April 10th. This is an increase from TIM's previous dividend of $0.08. TIM's dividend payout ratio (DPR) is currently 65.25%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Scotiabank decreased their price target 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. Barclays increased their price target on shares of TIM from $16.00 to $16.50 and gave the stock an "equal weight" rating in a research note on Monday, March 17th.

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.