Ritholtz Wealth Management Has $1.52 Million Stock Holdings in Tim S.A. (NYSE:TIMB)

Ritholtz Wealth Management boosted its holdings in shares of Tim S.A. (NYSE:TIMB - Free Report) by 43.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,026 shares of the company's stock after acquiring an additional 29,302 shares during the quarter. Ritholtz Wealth Management's holdings in TIM were worth $1,518,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of TIM by 119.3% during the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock valued at $47,000 after purchasing an additional 1,647 shares in the last quarter. Quantinno Capital Management LP raised its holdings in TIM by 10.3% during the fourth quarter. Quantinno Capital Management LP now owns 19,388 shares of the company's stock valued at $228,000 after buying an additional 1,810 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of TIM by 1,005.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after buying an additional 2,211 shares during the last quarter. Two Sigma Advisers LP boosted its stake 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 worth $690,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of TIM by 30,036.4% during the 1st quarter. Farther Finance Advisors LLC now owns 3,315 shares of the company's stock worth $53,000 after acquiring an additional 3,304 shares in the last quarter.

TIM Stock Performance

Shares of TIM stock traded up $0.02 during midday trading on Tuesday, hitting $19.11. The company had a trading volume of 423,490 shares, compared to its average volume of 515,039. Tim S.A. has a 1-year low of $11.32 and a 1-year high of $19.19. The business's 50 day simple moving average is $16.84 and its two-hundred day simple moving average is $14.73. The stock has a market cap of $9.25 billion, a PE ratio of 16.20, 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 (NYSE:TIMB - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. TIM had a net margin of 12.24% and a return on equity of 11.91%. The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $6.38 billion. As a group, equities analysts predict that Tim S.A. will post 1.34 EPS for the current fiscal year.

TIM Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on TIMB. Wall Street Zen lowered TIM from a "strong-buy" rating to a "buy" rating in a report on Sunday. Hsbc Global Res lowered shares of TIM from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 12th. Barclays set a $17.50 price objective on shares of TIM in a research note on Wednesday, May 7th. HSBC lowered shares of TIM to a "hold" rating in a research note on Friday. Finally, The Goldman Sachs Group boosted 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $17.33.

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.