Banco BTG Pactual S.A. Invests $220,000 in Tim S.A. (NYSE:TIMB)

Banco BTG Pactual S.A. bought a new stake in shares of Tim S.A. (NYSE:TIMB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,600 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds have also recently bought and sold shares of TIMB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of TIM during the 3rd quarter valued at about $25,000. Global Retirement Partners LLC boosted its holdings in TIM by 1,005.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock worth $29,000 after buying an additional 2,211 shares in the last quarter. R Squared Ltd acquired a new position in TIM in the fourth quarter worth approximately $53,000. EntryPoint Capital LLC bought a new position in shares of TIM in the fourth quarter valued at $146,000. Finally, Aprio Wealth Management LLC acquired a new stake in shares of TIM during the 4th quarter valued at $194,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Barclays boosted their target price on TIM from $16.00 to $16.50 and gave the stock an “equal weight” rating in a research report on Monday, March 17th. The Goldman Sachs Group lowered their target price on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. UBS Group lowered shares of TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, Scotiabank decreased their price target on TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a research note on Wednesday, February 12th.

TIM Price Performance

Shares of TIM stock opened at $15.40 on Thursday. 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 firm has a fifty day simple moving average of $14.13 and a 200-day simple moving average of $14.20. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.67 and a beta of 0.84. Tim S.A. has a 1-year low of $11.32 and a 1-year high of $18.78.

TIM (NYSE:TIMB) 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 net margin of 12.24% and a return on equity of 11.91%. On average, sell-side analysts expect that Tim S.A. will post 1.34 earnings per share for the current year.

TIM Increases Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, May 7th. Shareholders of record on Friday, April 4th will be issued a $0.1394 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a yield of 6%. This is a positive change from TIM’s previous — dividend of $0.12. TIM’s dividend payout ratio (DPR) is 51.69%.

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.