Brandes Investment Partners LP Buys 81,136 Shares of Tim S.A. (NYSE:TIMB)

Brandes Investment Partners LP increased its holdings in shares of Tim S.A. (NYSE:TIMB) by 127.4% during the fourth quarter, Holdings Channel reports. The fund owned 144,814 shares of the company’s stock after acquiring an additional 81,136 shares during the quarter. Brandes Investment Partners LP’s holdings in TIM were worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in TIMB. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of TIM by 137.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company’s stock worth $12,187,000 after acquiring an additional 409,992 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of TIM by 90.2% during the 3rd quarter. Quantbot Technologies LP now owns 38,840 shares of the company’s stock worth $669,000 after acquiring an additional 18,418 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of TIM during the 3rd quarter worth approximately $12,054,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of TIM during the 3rd quarter worth approximately $25,000. Finally, Itau Unibanco Holding S.A. increased its holdings 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 acquiring an additional 384,500 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TIMB shares. Scotiabank decreased their target price on TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a report on Wednesday, February 12th. UBS Group lowered TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Barclays upped their price objective on TIM from $15.50 to $16.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group decreased their price objective on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th.

TIM Stock Performance

Shares of NYSE TIMB opened at $15.03 on Friday. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 0.67 and a beta of 0.84. Tim S.A. has a one year low of $11.32 and a one year high of $18.97. 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’s fifty day moving average price is $13.60 and its two-hundred day moving average price is $14.26.

TIM (NYSE:TIMB) last released its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. On average, equities analysts forecast that Tim S.A. will post 1.34 EPS for the current year.

TIM Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.0717 per share. This represents a $0.29 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, February 21st. TIM’s dividend payout ratio (DPR) is currently 51.69%.

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.