Aprio Wealth Management LLC Acquires Shares of 16,539 Tim S.A. (NYSE:TIMB)

Aprio Wealth Management LLC purchased a new position in shares of Tim S.A. (NYSE:TIMB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,539 shares of the company’s stock, valued at approximately $194,000.

Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in TIM in the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its stake in shares of TIM by 108.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after buying an additional 835 shares during the last quarter. Inspire Advisors LLC acquired a new position in shares of TIM during the 3rd quarter worth $173,000. Jane Street Group LLC purchased a new stake in shares of TIM in the 3rd quarter worth about $215,000. Finally, Creative Planning purchased a new position in TIM during the 3rd quarter valued at about $216,000.

Analysts Set New Price Targets

Several analysts have recently commented on TIMB shares. Barclays lowered their price target on shares of TIM from $17.50 to $15.50 and set an “equal weight” rating on the stock in a research report on Tuesday. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Scotiabank reduced their price objective on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group dropped their price objective on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th.

TIM Stock Up 1.2 %

Shares of NYSE TIMB opened at $11.63 on Wednesday. The firm has a market cap of $5.63 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.57 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. Tim S.A. has a 1 year low of $11.32 and a 1 year high of $19.14. The firm’s 50 day moving average price is $12.88 and its 200 day moving average price is $14.70.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). The business had revenue of $1.16 billion for the quarter. TIM had a return on equity of 11.73% and a net margin of 12.71%. As a group, sell-side analysts anticipate that Tim S.A. will post 1.2 earnings per share for the current year.

TIM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Monday, December 30th will be issued a $0.1723 dividend. This is a boost from TIM’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.69 annualized dividend and a yield of 5.92%. TIM’s payout ratio is 53.97%.

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.