Creative Planning Takes $216,000 Position in Tim S.A. (NYSE:TIMB)

Creative Planning purchased a new position in shares of Tim S.A. (NYSE:TIMB) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,531 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Renaissance Technologies LLC grew its holdings in TIM by 11.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,364,048 shares of the company’s stock worth $19,533,000 after acquiring an additional 142,862 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of TIM by 16.0% during the second quarter. Millennium Management LLC now owns 923,532 shares of the company’s stock worth $13,225,000 after purchasing an additional 127,465 shares during the period. Itau Unibanco Holding S.A. grew its stake in shares of TIM by 90.8% in the second quarter. Itau Unibanco Holding S.A. now owns 688,950 shares of the company’s stock worth $9,847,000 after purchasing an additional 327,874 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in TIM in the second quarter valued at $8,818,000. Finally, Summit Global Investments raised its position in TIM by 147.6% during the 2nd quarter. Summit Global Investments now owns 325,462 shares of the company’s stock worth $4,661,000 after purchasing an additional 193,996 shares during the last quarter.

Wall Street Analysts Forecast Growth

TIMB has been the topic of a number of analyst reports. Scotiabank reduced their price target 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. Barclays reduced their target price on TIM from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd.

TIM Trading Down 1.4 %

NYSE TIMB opened at $13.91 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. Tim S.A. has a 52 week low of $13.74 and a 52 week high of $19.14. The business has a 50 day moving average price of $15.83 and a 200-day moving average price of $15.71. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 0.59 and a beta of 0.89.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.09). TIM had a return on equity of 11.73% and a net margin of 12.71%. The company had revenue of $1.16 billion during the quarter. As a group, equities analysts expect that Tim S.A. will post 1.27 earnings per share for the current fiscal year.

TIM Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Monday, September 30th were issued a dividend of $0.088 per share. This represents a $0.35 annualized dividend and a yield of 2.53%. The ex-dividend date was Monday, September 30th. TIM’s dividend payout ratio (DPR) is presently 26.19%.

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.