Kapitalo Investimentos Ltda Takes Position in Tim S.A. (NYSE:TIMB)

Kapitalo Investimentos Ltda bought a new position in shares of Tim S.A. (NYSE:TIMB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 raised its stake 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 valued at $22,732,000 after acquiring an additional 152,061 shares in the last quarter. Renaissance Technologies LLC grew its holdings in TIM by 19.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company's stock valued at $20,211,000 after purchasing an additional 283,002 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of TIM by 2.3% in the fourth quarter. JPMorgan Chase & Co. now owns 829,841 shares of the company's stock valued at $9,759,000 after purchasing an additional 18,970 shares during the period. Schroder Investment Management Group acquired a new stake in shares of TIM in the fourth quarter worth $5,666,000. Finally, American Century Companies Inc. boosted its holdings in shares of TIM by 5.5% during the 4th quarter. American Century Companies Inc. now owns 334,679 shares of the company's stock worth $3,936,000 after buying an additional 17,506 shares during the period.

TIM Stock Performance

Shares of NYSE TIMB traded down $0.21 during mid-day trading on Monday, hitting $16.37. The company had a trading volume of 59,877 shares, compared to its average volume of 513,386. Tim S.A. has a 12 month low of $11.32 and a 12 month high of $18.39. The firm has a market cap of $7.93 billion, a P/E ratio of 13.88, a PEG ratio of 0.67 and a beta of 0.62. The business's 50-day simple moving average is $15.16 and its 200-day simple moving average is $14.03. 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 announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. As a group, analysts predict that Tim S.A. will post 1.34 earnings per share for the current fiscal year.

TIM Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on TIMB. Barclays boosted their target price on shares of TIM from $16.00 to $16.50 and gave the stock an "equal weight" rating in a research report on Monday, March 17th. The Goldman Sachs Group boosted 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. Finally, Scotiabank lowered their target price on TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a report on Wednesday, February 12th.

TIM Company Profile

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.