Kapitalo Investimentos Ltda Makes New $363,000 Investment in Tim S.A. (NYSE:TIMB)

Kapitalo Investimentos Ltda purchased a new stake in shares of Tim S.A. (NYSE:TIMB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 30,868 shares of the company's stock, valued at approximately $363,000.

Other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its position in shares of TIM by 8.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company's stock worth $22,732,000 after buying an additional 152,061 shares during the period. Renaissance Technologies LLC boosted its stake in TIM by 19.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company's stock worth $20,211,000 after acquiring an additional 283,002 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in TIM by 2.3% in the fourth quarter. JPMorgan Chase & Co. now owns 829,841 shares of the company's stock worth $9,759,000 after purchasing an additional 18,970 shares during the period. Schroder Investment Management Group bought a new position in shares of TIM during the fourth quarter valued at approximately $5,666,000. Finally, American Century Companies Inc. lifted its holdings in shares of TIM by 5.5% during the fourth quarter. American Century Companies Inc. now owns 334,679 shares of the company's stock valued at $3,936,000 after purchasing an additional 17,506 shares during the last quarter.

TIM Stock Up 0.2 %

TIMB traded up $0.04 during trading on Friday, hitting $16.57. 194,919 shares of the company's stock traded hands, compared to its average volume of 515,495. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 0.67 and a beta of 0.53. The company's 50 day simple moving average is $15.16 and its two-hundred day simple moving average is $14.05. Tim S.A. has a 12-month low of $11.32 and a 12-month high of $18.39. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a net margin of 12.24% and a return on equity of 11.91%. Analysts predict that Tim S.A. will post 1.34 earnings per share for the current fiscal year.

TIM Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.2288 per share. This represents a dividend yield of 5.73%. This is a boost from TIM's previous dividend of $0.08. The ex-dividend date of this dividend is Thursday, April 10th. TIM's payout ratio is presently 65.25%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TIMB. The Goldman Sachs Group upped their price target on TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a research note on Wednesday. Barclays increased their target price on TIM from $16.00 to $16.50 and gave the stock an "equal weight" rating in a research note on Monday, March 17th. Finally, Scotiabank lowered their price target on TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a research 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.