Barclays PLC Takes $299,000 Position in Tim S.A. (NYSE:TIMB)

Barclays PLC purchased a new stake in Tim S.A. (NYSE:TIMB) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 25,435 shares of the company’s stock, valued at approximately $299,000.

A number of other hedge funds have also recently bought and sold shares of TIMB. Jane Street Group LLC bought a new stake in shares of TIM in the 3rd quarter worth approximately $215,000. Aprio Wealth Management LLC purchased a new stake in shares of TIM in the 4th quarter valued at about $194,000. Ritholtz Wealth Management increased its holdings in shares of TIM by 8.0% in the 4th quarter. Ritholtz Wealth Management now owns 67,724 shares of the company’s stock worth $796,000 after buying an additional 4,997 shares during the last quarter. Blue Trust Inc. lifted its stake in TIM by 34.1% during the fourth quarter. Blue Trust Inc. now owns 19,172 shares of the company’s stock worth $225,000 after purchasing an additional 4,880 shares during the last quarter. Finally, R Squared Ltd bought a new position in TIM during the fourth quarter valued at approximately $53,000.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays set a $17.50 price objective on TIM in a research report on Wednesday. Scotiabank dropped their target price 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. Finally, The Goldman Sachs Group lifted their price objective on TIM from $15.30 to $16.90 and gave the company a “neutral” rating in a research note on Wednesday, April 30th.

TIM Trading Down 0.1%

Shares of TIMB stock opened at $17.16 on Monday. The stock has a market capitalization of $8.31 billion, a P/E ratio of 14.54, a P/E/G ratio of 0.67 and a beta of 0.62. Tim S.A. has a 12-month low of $11.32 and a 12-month high of $17.68. 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’s 50 day moving average is $15.47 and its 200 day moving average is $14.09.

TIM (NYSE:TIMB) last announced its earnings results on Monday, May 5th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. TIM had a net margin of 12.24% and a return on equity of 11.91%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Research analysts expect that Tim S.A. will post 1.34 earnings per share for the current year.

TIM Announces Dividend

The company also recently announced 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 68.00%.

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.