Aprio Wealth Management LLC Invests $194,000 in Tim S.A. (NYSE:TIMB)

Aprio Wealth Management LLC acquired a new position in Tim S.A. (NYSE:TIMB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,539 shares of the company’s stock, valued at approximately $194,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in TIM by 11.7% in the second quarter. Renaissance Technologies LLC now owns 1,364,048 shares of the company’s stock valued at $19,533,000 after buying an additional 142,862 shares during the last quarter. Itau Unibanco Holding S.A. boosted its position in shares of TIM by 55.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,073,450 shares of the company’s stock worth $18,485,000 after purchasing an additional 384,500 shares during the period. Millennium Management LLC increased its holdings in TIM by 16.0% in the 2nd quarter. Millennium Management LLC now owns 923,532 shares of the company’s stock valued at $13,225,000 after purchasing an additional 127,465 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in TIM by 137.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company’s stock valued at $12,187,000 after purchasing an additional 409,992 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of TIM during the third quarter worth $12,054,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TIMB shares. UBS Group lowered TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Barclays dropped their price objective on shares of TIM from $17.50 to $15.50 and set an “equal weight” rating for the company in a report on Tuesday. The Goldman Sachs Group reduced their target price on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, Scotiabank cut their price objective on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 5th.

TIM Trading Up 1.2 %

Shares of NYSE:TIMB opened at $11.63 on Wednesday. Tim S.A. has a 52 week low of $11.32 and a 52 week high of $19.14. The company’s 50 day moving average is $12.88 and its two-hundred day moving average is $14.70. The company has a market cap of $5.63 billion, a PE ratio of 9.23, a P/E/G ratio of 0.57 and a beta of 0.83. 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 posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). The business had revenue of $1.16 billion during the quarter. TIM had a net margin of 12.71% and a return on equity of 11.73%. Equities analysts predict that Tim S.A. will post 1.2 earnings per share for the current fiscal year.

TIM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, December 30th will be issued a $0.1723 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 5.92%. This is an increase from TIM’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, December 30th. TIM’s dividend payout ratio is 53.97%.

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.