US Bancorp DE Acquires 16,832 Shares of Tim S.A. (NYSE:TIMB)

US Bancorp DE lifted its position in Tim S.A. (NYSE:TIMB) by 78.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,162 shares of the company’s stock after buying an additional 16,832 shares during the period. US Bancorp DE’s holdings in TIM were worth $449,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp lifted its position in TIM by 1.0% during the third quarter. Stifel Financial Corp now owns 85,050 shares of the company’s stock valued at $1,465,000 after purchasing an additional 822 shares during the period. DGS Capital Management LLC boosted its position in shares of TIM by 4.4% during the third quarter. DGS Capital Management LLC now owns 32,682 shares of the company’s stock worth $563,000 after acquiring an additional 1,367 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of TIM during the third quarter worth $25,000. Global Retirement Partners LLC lifted its position in TIM by 1,005.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock valued at $29,000 after purchasing an additional 2,211 shares during the last quarter. Finally, R Squared Ltd bought a new position in TIM during the fourth quarter valued at $53,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Scotiabank lowered their target price on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a report on Wednesday, February 12th. UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Barclays lifted their price objective on shares of TIM from $15.50 to $16.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group cut their price target on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th.

TIM Stock Up 1.7 %

NYSE:TIMB opened at $14.49 on Thursday. Tim S.A. has a 1-year low of $11.32 and a 1-year high of $19.12. 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 company’s fifty day moving average price is $13.48 and its 200-day moving average price is $14.28. The firm has a market capitalization of $7.01 billion, a P/E ratio of 12.28, a PEG ratio of 0.67 and a beta of 0.84.

TIM (NYSE:TIMB) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (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%. As a group, equities research analysts anticipate that Tim S.A. will post 1.34 EPS for the current year.

TIM Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, February 21st will be given a dividend of $0.0717 per share. The ex-dividend date is Friday, February 21st. This represents a $0.29 dividend on an annualized basis and a yield of 1.98%. TIM’s payout ratio is presently 51.69%.

TIM 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.