Tim S.A. (NYSE:TIMB) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its holdings in Tim S.A. (NYSE:TIMB - Free Report) by 164.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,792 shares of the company's stock after buying an additional 16,649 shares during the quarter. LPL Financial LLC's holdings in TIM were worth $315,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in TIM by 13.8% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,198 shares of the company's stock valued at $1,555,000 after buying an additional 16,000 shares during the period. Jane Street Group LLC purchased a new position in shares of TIM in the 3rd quarter valued at $215,000. Blue Trust Inc. lifted its holdings in shares of TIM by 34.1% during the 4th quarter. Blue Trust Inc. now owns 19,172 shares of the company's stock valued at $225,000 after acquiring an additional 4,880 shares in the last quarter. Natixis Advisors LLC purchased a new stake in TIM during the 4th quarter worth $319,000. Finally, Global Retirement Partners LLC increased its holdings in TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock valued at $29,000 after purchasing an additional 2,211 shares in the last quarter.

Analysts Set New Price Targets

TIMB has been the topic of a number of recent research reports. 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 note on Wednesday. Scotiabank reduced their price target 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 increased their price objective on shares of TIM from $16.00 to $16.50 and gave the company an "equal weight" rating in a research report on Monday, March 17th.

TIM Stock Up 1.0 %

Shares of NYSE TIMB traded up $0.17 during midday trading on Friday, reaching $16.70. 30,435 shares of the company's stock were exchanged, compared to its average volume of 514,809. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. Tim S.A. has a 52-week low of $11.32 and a 52-week high of $18.39. The business's fifty day moving average price is $15.13 and its two-hundred day moving average price is $14.04. The stock has a market capitalization of $8.08 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.67 and a beta of 0.53.

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

TIM Increases Dividend

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

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.