Dimensional Fund Advisors LP Sells 1,804 Shares of Tim S.A. (NYSE:TIMB)

Dimensional Fund Advisors LP decreased its position in shares of Tim S.A. (NYSE:TIMB) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,209 shares of the company’s stock after selling 1,804 shares during the quarter. Dimensional Fund Advisors LP’s holdings in TIM were worth $402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC boosted its stake in shares of 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 purchasing an additional 2,211 shares during the last quarter. R Squared Ltd bought a new position in TIM during the fourth quarter valued at about $53,000. EntryPoint Capital LLC bought a new position in TIM during the fourth quarter valued at about $146,000. Banco BTG Pactual S.A. bought a new position in TIM during the fourth quarter worth about $220,000. Finally, Mariner LLC lifted its holdings in shares of TIM by 36.6% in the fourth quarter. Mariner LLC now owns 18,918 shares of the company’s stock worth $222,000 after buying an additional 5,069 shares in the last quarter.

TIM Trading Up 0.6%

NYSE TIMB opened at $17.41 on Friday. The stock has a market cap of $8.43 billion, a PE ratio of 14.75, a PEG ratio of 0.67 and a beta of 0.62. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. Tim S.A. has a 12 month low of $11.32 and a 12 month high of $17.83. The company’s 50-day moving average price is $15.77 and its 200-day moving average price is $14.19.

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

TIM Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, May 23rd will be given a dividend of $0.1086 per share. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, May 23rd. TIM’s payout ratio is 68.00%.

Wall Street Analyst Weigh In

Several research analysts have commented on TIMB shares. The Goldman Sachs Group lifted their price target on shares of TIM from $15.30 to $16.90 and gave the stock a “neutral” rating in a research note on Wednesday, April 30th. Scotiabank cut their price target on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Barclays set a $17.50 price target on shares of TIM in a report on Wednesday, May 7th.

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.