Blue Trust Inc. Buys 4,880 Shares of Tim S.A. (NYSE:TIMB)

Blue Trust Inc. grew its position in Tim S.A. (NYSE:TIMB) by 34.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,172 shares of the company’s stock after buying an additional 4,880 shares during the period. Blue Trust Inc.’s holdings in TIM were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TIMB. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of TIM in the third quarter valued at about $12,054,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of TIM by 137.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company’s stock valued at $12,187,000 after acquiring an additional 409,992 shares during the last quarter. Itau Unibanco Holding S.A. boosted its stake in shares of TIM by 55.8% during the third 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 in the last quarter. Meritage Portfolio Management acquired a new stake in TIM during the 3rd quarter worth approximately $3,683,000. Finally, Millennium Management LLC grew its stake in shares of TIM by 16.0% in the second quarter. Millennium Management LLC now owns 923,532 shares of the company’s stock worth $13,225,000 after purchasing an additional 127,465 shares during the last quarter.

TIM Trading Up 2.5 %

Shares of TIM stock opened at $13.58 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a market capitalization of $6.57 billion, a P/E ratio of 10.77, a P/E/G ratio of 0.59 and a beta of 0.83. Tim S.A. has a 52-week low of $11.32 and a 52-week high of $19.14. The stock’s 50-day simple moving average is $12.52 and its 200 day simple moving average is $14.50.

TIM (NYSE:TIMB) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). TIM had a net margin of 12.71% and a return on equity of 11.73%. The business had revenue of $1.16 billion for the quarter. As a group, research analysts anticipate that Tim S.A. will post 1.16 EPS for the current year.

TIM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Monday, December 30th were given a dividend of $0.1723 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.69 annualized dividend and a dividend yield of 5.08%. This is an increase from TIM’s previous quarterly dividend of $0.09. TIM’s dividend payout ratio is currently 55.56%.

Analyst Upgrades and Downgrades

TIMB has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on shares of TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Barclays reduced their price objective on TIM from $17.50 to $15.50 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Scotiabank lowered their target price on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a report on Tuesday, November 5th. Finally, UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th.

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.