Walleye Capital LLC Purchases Shares of 19,586 Tim S.A. (NYSE:TIMB)

Walleye Capital LLC acquired a new stake in shares of Tim S.A. (NYSE:TIMB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 19,586 shares of the company's stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Global Retirement Partners LLC grew its holdings in TIM by 1,005.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after purchasing an additional 2,211 shares during the period. R Squared Ltd bought a new position in TIM during the 4th quarter valued at approximately $53,000. EntryPoint Capital LLC purchased a new position in TIM during the fourth quarter valued at $146,000. Jane Street Group LLC bought a new stake in TIM in the third quarter worth $215,000. Finally, Aprio Wealth Management LLC purchased a new stake in shares of TIM in the fourth quarter worth $194,000.

Analyst Upgrades and Downgrades

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

TIM Stock Performance

Shares of TIMB traded down $0.24 during mid-day trading on Thursday, hitting $16.44. 21,874 shares of the company traded hands, compared to its average volume of 514,833. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 0.67 and a beta of 0.53. The stock has a 50-day moving average price of $15.09 and a two-hundred day moving average price of $14.03. Tim S.A. has a 1 year low of $11.32 and a 1 year high of $18.39. 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 (NYSE:TIMB - Get Free Report) last released 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%. Equities analysts anticipate that Tim S.A. will post 1.34 earnings per share for the current 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 represents a dividend yield of 5.73%. The ex-dividend date is Thursday, April 10th. This is a boost from TIM's previous dividend of $0.08. TIM's dividend payout ratio is 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.