Optiver Holding B.V. Sells 20,448 Shares of Tim S.A. (NYSE:TIMB)

Optiver Holding B.V. decreased its position in shares of Tim S.A. (NYSE:TIMB - Free Report) by 33.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,818 shares of the company's stock after selling 20,448 shares during the period. Optiver Holding B.V.'s holdings in TIM were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its holdings in shares of 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. R Squared Ltd bought a new stake in shares of TIM during the 4th quarter worth $53,000. EntryPoint Capital LLC acquired a new stake in TIM in the fourth quarter valued at about $146,000. Aprio Wealth Management LLC acquired a new position in TIM during the fourth quarter worth about $194,000. Finally, Jane Street Group LLC acquired a new position in TIM during the third quarter worth about $215,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Scotiabank decreased their price target on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a report on Wednesday, February 12th. Barclays upped 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. Finally, The Goldman Sachs Group increased their target price on TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a research report on Wednesday.

TIM Trading Up 0.2 %

NYSE:TIMB traded up $0.04 during trading hours on Friday, hitting $16.57. 194,919 shares of the company were exchanged, compared to its average volume of 515,180. The company has a fifty day simple moving average of $15.16 and a 200 day simple moving average of $14.03. Tim S.A. has a one year low of $11.32 and a one year high of $18.39. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 0.67 and a beta of 0.62. 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 posted 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%. Sell-side analysts expect that Tim S.A. will post 1.34 EPS for the current fiscal year.

TIM Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from TIM's previous dividend of $0.08. This represents a dividend yield of 5.73%. 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.