Tim S.A. (NYSE:TIMB - Get Free Report) shot up 4.3% during trading on Thursday after the company announced a dividend. The company traded as high as $16.51 and last traded at $16.64. 78,652 shares changed hands during trading, a decline of 85% from the average session volume of 509,333 shares. The stock had previously closed at $15.96.
The newly announced 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 positive change from TIM's previous dividend of $0.08. This represents a dividend yield of 5.73%. The ex-dividend date is Thursday, April 10th. TIM's dividend payout ratio is currently 58.47%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on TIMB. The Goldman Sachs Group dropped their target price on shares of TIM from $16.20 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. UBS Group downgraded TIM from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Scotiabank cut their target price on 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, Barclays lifted their target price on TIM from $16.00 to $16.50 and gave the stock an "equal weight" rating in a report on Monday, March 17th.
Check Out Our Latest Report on TIMB
TIM Stock Down 0.7 %
The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The stock's 50-day moving average price is $14.61 and its 200-day moving average price is $14.13. The company has a market cap of $7.01 billion, a P/E ratio of 12.25, a PEG ratio of 0.67 and a beta of 0.53.
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 net margin of 12.24% and a return on equity of 11.91%. As a group, research analysts forecast that Tim S.A. will post 1.34 EPS for the current year.
Institutional Trading of TIM
Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of TIM by 3,331.4% in the first quarter. GAMMA Investing LLC now owns 47,388 shares of the company's stock valued at $742,000 after purchasing an additional 46,007 shares in the last quarter. Vise Technologies Inc. purchased a new stake in TIM in the 4th quarter valued at $200,000. Voloridge Investment Management LLC bought a new position in TIM during the 4th quarter valued at $949,000. Two Sigma Advisers LP boosted its holdings in 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 during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of TIM in the 4th quarter worth $54,000.
About TIM
(
Get Free Report)
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.
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