Brandes Investment Partners LP Has $1.70 Million Position in Tim S.A. (NYSE:TIMB)

Brandes Investment Partners LP raised its stake in shares of Tim S.A. (NYSE:TIMB) by 127.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,814 shares of the company’s stock after buying an additional 81,136 shares during the quarter. Brandes Investment Partners LP’s holdings in TIM were worth $1,703,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TIMB. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of TIM by 137.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company’s stock worth $12,187,000 after buying an additional 409,992 shares during the period. Quantbot Technologies LP grew its position in shares of TIM by 90.2% in the 3rd quarter. Quantbot Technologies LP now owns 38,840 shares of the company’s stock valued at $669,000 after purchasing an additional 18,418 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of TIM in the 3rd quarter valued at approximately $12,054,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of TIM in the 3rd quarter valued at approximately $25,000. Finally, Itau Unibanco Holding S.A. grew its position in shares of TIM by 55.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,073,450 shares of the company’s stock valued at $18,485,000 after purchasing an additional 384,500 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group lowered TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Scotiabank decreased their price objective on TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a research report on Wednesday, February 12th. Barclays boosted their price objective on TIM from $15.50 to $16.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group cut 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.

TIM Trading Up 3.0 %

NYSE TIMB opened at $15.03 on Friday. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 0.67 and a beta of 0.84. The stock’s 50 day moving average price is $13.60 and its two-hundred day moving average price is $14.26. 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 S.A. has a 52 week low of $11.32 and a 52 week high of $18.97.

TIM (NYSE:TIMB) last released its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a net margin of 12.24% and a return on equity of 11.91%. As a group, analysts anticipate that Tim S.A. will post 1.34 earnings per share for the current fiscal year.

TIM Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.0717 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, February 21st. TIM’s dividend payout ratio is currently 51.69%.

TIM Company 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.