Qtron Investments LLC Sells 5,042 Shares of Tim S.A. (NYSE:TIMB)

Qtron Investments LLC trimmed its holdings in shares of Tim S.A. (NYSE:TIMB) by 22.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,463 shares of the company’s stock after selling 5,042 shares during the quarter. Qtron Investments LLC’s holdings in TIM were worth $205,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Schroder Investment Management Group purchased a new stake in TIM in the fourth quarter valued at about $5,666,000. Renaissance Technologies LLC increased its stake in TIM by 19.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company’s stock valued at $20,211,000 after purchasing an additional 283,002 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of TIM by 8.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company’s stock worth $22,732,000 after buying an additional 152,061 shares during the last quarter. State Street Corp raised its stake in TIM by 16.7% in the 3rd quarter. State Street Corp now owns 583,724 shares of the company’s stock worth $10,207,000 after acquiring an additional 83,468 shares during the last quarter. Finally, Brandes Investment Partners LP lifted its position in TIM by 127.4% during the 4th quarter. Brandes Investment Partners LP now owns 144,814 shares of the company’s stock worth $1,703,000 after acquiring an additional 81,136 shares during the period.

Analysts Set New Price Targets

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

TIM Price Performance

Shares of NYSE TIMB opened at $14.84 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.67 and a beta of 0.53. The firm’s 50 day simple moving average is $14.78 and its 200-day simple moving average is $14.05. Tim S.A. has a 12 month low of $11.32 and a 12 month high of $18.39.

TIM (NYSE:TIMB) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share 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%. Analysts expect that Tim S.A. will post 1.34 EPS for the current year.

TIM Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.2288 per share. This represents a dividend yield of 5.73%. This is an increase from TIM’s previous dividend of $0.08. The ex-dividend date is Thursday, April 10th. TIM’s dividend payout ratio is presently 65.25%.

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.