Millennium Management LLC Grows Stock Holdings in Tim S.A. (NYSE:TIMB)

Millennium Management LLC raised its stake in shares of Tim S.A. (NYSE:TIMBFree Report) by 68.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,106 shares of the company’s stock after buying an additional 13,905 shares during the period. Millennium Management LLC’s holdings in TIM were worth $401,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TIMB. Global Retirement Partners LLC boosted its stake in TIM by 1,005.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock valued at $29,000 after acquiring an additional 2,211 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of TIM during the fourth quarter worth about $146,000. Banco BTG Pactual S.A. purchased a new stake in TIM during the 4th quarter valued at about $220,000. Mariner LLC grew its stake in TIM by 36.6% during the 4th quarter. Mariner LLC now owns 18,918 shares of the company’s stock valued at $222,000 after acquiring an additional 5,069 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of TIM in the 4th quarter worth approximately $230,000.

Analysts Set New Price Targets

TIMB has been the topic of a number of recent analyst reports. Scotiabank dropped their target price on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 12th. Wall Street Zen raised shares of TIM from a “buy” rating to a “strong-buy” rating in a research report on Saturday. The Goldman Sachs Group boosted their price objective 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. Finally, Barclays set a $17.50 price objective on shares of TIM in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, TIM presently has a consensus rating of “Moderate Buy” and an average target price of $17.33.

Check Out Our Latest Stock Analysis on TIMB

TIM Stock Performance

Shares of TIMB opened at $17.84 on Tuesday. The firm’s 50 day moving average is $16.47 and its 200-day moving average is $14.55. The stock has a market capitalization of $8.64 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.67 and a beta of 0.60. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. Tim S.A. has a 12-month low of $11.32 and a 12-month high of $18.29.

TIM (NYSE:TIMBGet Free Report) last announced its quarterly earnings data 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 net margin of 12.24% and a return on equity of 11.91%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $6.38 billion. Equities research analysts anticipate that Tim S.A. will post 1.34 EPS for the current fiscal year.

TIM Dividend Announcement

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

TIM Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TIM (NYSE:TIMB)

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