28,782 Shares in Tim S.A. (NYSE:TIMB) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new stake in Tim S.A. (NYSE:TIMB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,782 shares of the company's stock, valued at approximately $338,000.

Several other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC lifted its holdings in shares of TIM by 1,005.0% during the 4th 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 during the last quarter. R Squared Ltd bought a new stake in shares of TIM during the 4th quarter worth $53,000. EntryPoint Capital LLC bought a new stake in shares of TIM during the 4th quarter worth $146,000. Banco BTG Pactual S.A. bought a new stake in shares of TIM during the 4th quarter worth $220,000. Finally, Mariner LLC raised its position in TIM by 36.6% in the 4th quarter. Mariner LLC now owns 18,918 shares of the company's stock worth $222,000 after purchasing an additional 5,069 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays set a $17.50 target price on shares of TIM in a research report on Wednesday, May 7th. 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. Finally, Scotiabank decreased their target price on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a research report on Wednesday, February 12th.

TIM Trading Down 1.0%

Shares of TIMB stock traded down $0.17 during mid-day trading on Friday, reaching $16.98. The stock had a trading volume of 515,778 shares, compared to its average volume of 501,259. The stock's 50-day moving average price is $16.22 and its two-hundred day moving average price is $14.40. Tim S.A. has a 52-week low of $11.32 and a 52-week high of $17.83. The firm has a market capitalization of $8.22 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 0.67 and a beta of 0.62. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. TIM had a net margin of 12.24% and a return on equity of 11.91%. The firm had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $6.38 billion. Equities analysts expect that Tim S.A. will post 1.34 earnings per share for the current fiscal year.

TIM Dividend Announcement

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

About TIM

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.