Itau Unibanco Holding S.A. Increases Stake in Tim S.A. (NYSE:TIMB)

Itau Unibanco Holding S.A. lifted its position in Tim S.A. (NYSE:TIMB - Free Report) by 64.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,769,904 shares of the company's stock after purchasing an additional 696,454 shares during the quarter. Itau Unibanco Holding S.A. owned 0.37% of TIM worth $20,814,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Jane Street Group LLC raised its holdings in TIM by 99.9% during the 4th quarter. Jane Street Group LLC now owns 24,982 shares of the company's stock worth $294,000 after purchasing an additional 12,487 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in TIM in the fourth quarter valued at approximately $363,000. Schonfeld Strategic Advisors LLC bought a new position in TIM in the fourth quarter valued at approximately $259,000. Northern Trust Corp grew its holdings in TIM by 32.2% during the 4th quarter. Northern Trust Corp now owns 21,392 shares of the company's stock worth $252,000 after acquiring an additional 5,216 shares during the period. Finally, Marshall Wace LLP raised its position in shares of TIM by 278.8% during the 4th quarter. Marshall Wace LLP now owns 178,023 shares of the company's stock valued at $2,094,000 after acquiring an additional 131,023 shares during the last quarter.

Wall Street Analysts Forecast Growth

TIMB has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of TIM from $16.00 to $16.50 and gave the stock an "equal weight" rating in a research note on Monday, March 17th. The Goldman Sachs Group lifted their price target on shares of TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Scotiabank lowered their price objective on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a research report on Wednesday, February 12th.

TIM Price Performance

NYSE:TIMB traded up $0.04 during trading hours on Friday, hitting $16.57. The company's stock had a trading volume of 194,919 shares, compared to its average volume of 515,180. The company has a market capitalization of $8.02 billion, a P/E ratio of 14.04, a PEG ratio of 0.67 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a fifty day simple moving average of $15.16 and a 200-day simple moving average of $14.04. Tim S.A. has a twelve month low of $11.32 and a twelve month high of $18.39.

TIM (NYSE:TIMB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (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%. On average, analysts anticipate that Tim S.A. will post 1.34 EPS for the current fiscal year.

TIM Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, April 11th will be given a dividend of $0.2288 per share. This is an increase 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 65.25%.

TIM 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.