Tim S.A. (NYSE:TIMB) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in Tim S.A. (NYSE:TIMB - Free Report) by 27.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,988 shares of the company's stock after selling 17,228 shares during the period. Public Employees Retirement System of Ohio's holdings in TIM were worth $541,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TIMB. Vise Technologies Inc. purchased a new stake in shares of TIM during the 4th quarter worth $200,000. Voloridge Investment Management LLC acquired a new stake in shares of TIM in the fourth quarter valued at about $949,000. Two Sigma Advisers LP boosted its holdings in TIM by 5.2% during the fourth quarter. Two Sigma Advisers LP now owns 58,700 shares of the company's stock worth $690,000 after buying an additional 2,900 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in TIM during the fourth quarter worth about $54,000. Finally, Quantinno Capital Management LP grew its position in TIM by 10.3% during the fourth quarter. Quantinno Capital Management LP now owns 19,388 shares of the company's stock worth $228,000 after buying an additional 1,810 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have commented on TIMB. Barclays set a $17.50 target price on TIM in a research report on Wednesday, May 7th. The Goldman Sachs Group boosted their price objective 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 dropped their target price on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a report on Wednesday, February 12th.

TIM Price Performance

NYSE:TIMB traded up $0.08 during trading hours on Friday, reaching $17.96. 346,290 shares of the company traded hands, compared to its average volume of 500,257. The firm's 50-day moving average is $16.40 and its 200-day moving average is $14.49. The stock has a market cap of $8.70 billion, a P/E ratio of 15.22, a P/E/G ratio of 0.67 and a beta of 0.60. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. Tim S.A. has a 1-year low of $11.32 and a 1-year high of $18.29.

TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $6.38 billion. TIM had a return on equity of 11.91% and a net margin of 12.24%. Equities research 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 announced 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 of this dividend 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.