Public Employees Retirement System of Ohio Lowers Stock Position in Tim S.A. (NYSE:TIMB)

Public Employees Retirement System of Ohio lessened its holdings in Tim S.A. (NYSE:TIMB - Free Report) by 27.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TIMB. Vise Technologies Inc. bought a new stake in TIM during the fourth quarter worth $200,000. Voloridge Investment Management LLC purchased a new stake in shares of TIM during the 4th quarter valued at $949,000. Two Sigma Advisers LP increased its position in shares of TIM by 5.2% during the 4th quarter. Two Sigma Advisers LP now owns 58,700 shares of the company's stock valued at $690,000 after purchasing an additional 2,900 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of TIM during the 4th quarter worth $54,000. Finally, Quantinno Capital Management LP boosted its holdings in shares of TIM by 10.3% in the 4th 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 last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Barclays set a $17.50 target price on shares of TIM in a research note on Wednesday, May 7th. Scotiabank lowered their price target 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. Finally, Wall Street Zen upgraded shares of TIM from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.33.

TIM Price Performance

TIM stock traded up $0.08 during midday trading on Friday, reaching $17.96. 346,290 shares of the stock were exchanged, compared to its average volume of 501,828. Tim S.A. has a 52 week low of $11.32 and a 52 week high of $18.29. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The firm has a market cap of $8.70 billion, a PE ratio of 15.22, a PEG ratio of 0.67 and a beta of 0.60. The company's fifty day moving average is $16.44 and its 200-day moving average is $14.53.

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

TIM Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, May 23rd will be given a dividend of $0.1086 per share. 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.