O Shaughnessy Asset Management LLC Lowers Stake in Tim S.A. (NYSE:TIMB)

O Shaughnessy Asset Management LLC lessened its stake in Tim S.A. (NYSE:TIMB) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,508 shares of the company’s stock after selling 12,204 shares during the period. O Shaughnessy Asset Management LLC’s holdings in TIM were worth $1,676,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TIMB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of TIM during the third quarter worth approximately $25,000. Global Retirement Partners LLC increased its holdings in TIM by 1,005.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock worth $29,000 after purchasing an additional 2,211 shares during the period. R Squared Ltd bought a new stake in TIM during the 4th quarter valued at $53,000. EntryPoint Capital LLC purchased a new stake in shares of TIM in the 4th quarter worth $146,000. Finally, Jane Street Group LLC bought a new position in shares of TIM during the 3rd quarter worth $215,000.

TIM Stock Performance

TIMB stock opened at $15.23 on Friday. Tim S.A. has a one year low of $11.32 and a one year high of $18.78. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.67 and a beta of 0.53. 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 firm has a 50-day simple moving average of $14.59 and a two-hundred day simple moving average of $14.16.

TIM (NYSE:TIMB) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 EPS 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%. On average, equities analysts forecast that Tim S.A. will post 1.34 EPS for the current fiscal year.

TIM Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, April 11th will be paid a dividend of $0.2288 per share. This represents a 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 payout ratio is 58.47%.

Analyst Ratings Changes

TIMB has been the subject of several recent research reports. Barclays lifted their price objective on TIM from $16.00 to $16.50 and gave the company an “equal weight” rating in a report on Monday, March 17th. Scotiabank lowered their price target on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a research report on Wednesday, February 12th. UBS Group lowered shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group lowered their target price on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a report on Thursday, December 19th.

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.