D. E. Shaw & Co. Inc. Increases Holdings in Tim S.A. (NYSE:TIMB)

D. E. Shaw & Co. Inc. lifted its position in Tim S.A. (NYSE:TIMB - Free Report) by 37.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 106,903 shares of the company's stock after buying an additional 28,881 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in TIM were worth $1,257,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TIMB. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of TIM by 13.8% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,198 shares of the company's stock valued at $1,555,000 after purchasing an additional 16,000 shares during the period. Cerity Partners LLC purchased a new stake in shares of TIM during the 4th quarter worth $330,000. Schonfeld Strategic Advisors LLC purchased a new position in TIM in the fourth quarter valued at about $259,000. BNP Paribas Financial Markets purchased a new stake in TIM during the fourth quarter worth $338,000. Finally, Blue Trust Inc. raised its position in TIM by 34.1% during the fourth quarter. Blue Trust Inc. now owns 19,172 shares of the company's stock worth $225,000 after acquiring an additional 4,880 shares during the last quarter.

TIM Stock Performance

TIM stock traded down $0.10 during mid-day trading on Wednesday, reaching $17.21. The company had a trading volume of 91,272 shares, compared to its average volume of 501,813. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.67 and a beta of 0.62. Tim S.A. has a 52 week low of $11.32 and a 52 week high of $18.50. The company has a 50 day moving average of $16.10 and a 200-day moving average of $14.34. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates 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 EPS for the current fiscal year.

TIM Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TIMB shares. The Goldman Sachs Group upped their price objective on TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Barclays set a $17.50 target price on shares of TIM in a research note on Wednesday, May 7th. 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 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.