Mariner LLC Buys 5,069 Shares of Tim S.A. (NYSE:TIMB)

Mariner LLC raised its stake in Tim S.A. (NYSE:TIMB) by 36.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,918 shares of the company’s stock after purchasing an additional 5,069 shares during the period. Mariner LLC’s holdings in TIM were worth $222,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC increased its position in TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock valued at $29,000 after buying an additional 2,211 shares in the last quarter. R Squared Ltd bought a new stake in shares of TIM during the fourth quarter valued at approximately $53,000. EntryPoint Capital LLC acquired a new position in shares of TIM during the fourth quarter worth approximately $146,000. Jane Street Group LLC bought a new position in shares of TIM in the 3rd quarter worth $215,000. Finally, Aprio Wealth Management LLC acquired a new stake in TIM in the 4th quarter valued at $194,000.

TIM Trading Up 6.9 %

Shares of TIMB stock opened at $17.37 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 0.67 and a beta of 0.62. Tim S.A. has a 52-week low of $11.32 and a 52-week high of $18.05. The company has a 50-day simple moving average of $15.27 and a two-hundred day simple moving average of $14.06.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. TIM had a return on equity of 11.91% and a net margin of 12.24%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $6.38 billion. Research analysts anticipate that Tim S.A. will post 1.34 EPS for the current fiscal year.

TIM Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, April 11th will be issued a $0.2288 dividend. This is an increase from TIM’s previous dividend of $0.08. This represents a dividend yield of 5.73%. The ex-dividend date is Thursday, April 10th. TIM’s payout ratio is 65.25%.

Analysts Set New Price Targets

A number of research analysts have weighed in on TIMB shares. The Goldman Sachs Group raised their price objective on shares of TIM from $15.30 to $16.90 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. Barclays boosted their price objective on TIM from $16.00 to $16.50 and gave the stock an “equal weight” rating in a report on Monday, March 17th. Finally, Scotiabank dropped 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.

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.