Tim S.A. (NYSE:TIMB) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its position in shares of Tim S.A. (NYSE:TIMB) by 105.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,292 shares of the company’s stock after acquiring an additional 7,319 shares during the quarter. Blue Trust Inc.’s holdings in TIM were worth $246,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TIMB. EverSource Wealth Advisors LLC increased its position in shares of TIM by 108.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after purchasing an additional 835 shares in the last quarter. CWM LLC grew its holdings in shares of TIM by 105.7% during the second quarter. CWM LLC now owns 2,471 shares of the company’s stock worth $35,000 after buying an additional 1,270 shares in the last quarter. XTX Topco Ltd raised its position in shares of TIM by 26.1% in the second quarter. XTX Topco Ltd now owns 13,264 shares of the company’s stock valued at $190,000 after buying an additional 2,746 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of TIM by 25.2% in the second quarter. QRG Capital Management Inc. now owns 13,796 shares of the company’s stock worth $198,000 after buying an additional 2,780 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new position in TIM during the first quarter worth about $54,000.

Wall Street Analysts Forecast Growth

TIMB has been the subject of a number of recent research reports. Barclays cut their price objective on shares of TIM from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Scotiabank raised TIM from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $17.50 to $24.80 in a report on Friday, September 20th.

TIM Stock Down 2.8 %

TIMB stock opened at $14.80 on Friday. Tim S.A. has a one year low of $13.84 and a one year high of $19.14. The firm has a market cap of $7.17 billion, a PE ratio of 12.03, a PEG ratio of 0.64 and a beta of 0.87. The firm’s 50 day moving average price is $16.25 and its 200-day moving average price is $15.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85 and a current ratio of 0.88.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $1.21 billion during the quarter. TIM had a return on equity of 11.47% and a net margin of 12.53%. On average, equities research analysts anticipate that Tim S.A. will post 1.27 EPS for the current year.

TIM Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th will be given a $0.088 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Monday, September 30th. TIM’s payout ratio is 28.46%.

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.