16,987 Shares in Tim S.A. (NYSE:TIMB) Bought by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in shares of Tim S.A. (NYSE:TIMB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,987 shares of the company's stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC grew its position in 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 purchasing an additional 2,211 shares during the last quarter. R Squared Ltd acquired a new stake in shares of TIM during the fourth quarter worth about $53,000. Point72 Hong Kong Ltd purchased a new position in shares of TIM during the fourth quarter worth about $54,000. EntryPoint Capital LLC purchased a new position in shares of TIM during the fourth quarter worth about $146,000. Finally, Banco BTG Pactual S.A. acquired a new position in TIM in the 4th quarter valued at about $220,000.

TIM Stock Performance

TIMB traded down $0.17 during trading on Friday, reaching $16.98. The company's stock had a trading volume of 515,778 shares, compared to its average volume of 501,259. 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 company's fifty day moving average price is $16.22 and its 200-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 company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 0.67 and a beta of 0.62.

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

TIM Announces Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on TIMB shares. The Goldman Sachs Group increased their price objective on TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Barclays set a $17.50 price target on TIM in a research note on Wednesday, May 7th. Finally, Scotiabank decreased their price target on TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a report on Wednesday, February 12th.

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.