Balyasny Asset Management L.P. Decreases Position in Tim S.A. (NYSE:TIMB)

Balyasny Asset Management L.P. cut its stake in shares of Tim S.A. (NYSE:TIMB) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,334 shares of the company’s stock after selling 1,834 shares during the period. Balyasny Asset Management L.P.’s holdings in TIM were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TIMB. Sumitomo Mitsui Trust Group Inc. boosted its holdings in TIM by 13.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,198 shares of the company’s stock valued at $1,555,000 after acquiring an additional 16,000 shares during the period. Cerity Partners LLC bought a new position in TIM in the 4th quarter valued at $330,000. Schonfeld Strategic Advisors LLC bought a new position in TIM in the 4th quarter valued at $259,000. Blue Trust Inc. grew its position in TIM by 34.1% in 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 during the last quarter. Finally, Natixis Advisors LLC bought a new position in TIM in the 4th quarter valued at $319,000.

TIM Price Performance

Shares of TIMB stock opened at $17.41 on Friday. Tim S.A. has a twelve month low of $11.32 and a twelve month high of $17.83. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 0.67 and a beta of 0.62. The stock has a fifty day simple moving average of $15.77 and a two-hundred day simple moving average of $14.19. 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) last issued its earnings results on Monday, May 5th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. TIM had a return on equity of 11.91% and a net margin of 12.24%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $6.38 billion. On average, analysts predict that Tim S.A. will post 1.34 EPS for the current fiscal year.

TIM Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, May 23rd will be paid a dividend of $0.1086 per share. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, May 23rd. TIM’s dividend payout ratio (DPR) is currently 68.00%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays set a $17.50 price objective on TIM in a research report on Wednesday, May 7th. The Goldman Sachs Group upped their price objective on TIM from $15.30 to $16.90 and gave the company a “neutral” rating in a research report on Wednesday, April 30th. Finally, Scotiabank cut their price objective 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.

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.