DGS Capital Management LLC Grows Stake in Tim S.A. (NYSE:TIMB)

DGS Capital Management LLC lifted its stake in Tim S.A. (NYSE:TIMB) by 4.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,682 shares of the company’s stock after buying an additional 1,367 shares during the quarter. DGS Capital Management LLC’s holdings in TIM were worth $563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TIMB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in TIM in the 3rd quarter worth $25,000. EverSource Wealth Advisors LLC raised its stake in shares of TIM by 108.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock valued at $25,000 after acquiring an additional 835 shares during the period. CWM LLC lifted its holdings in shares of TIM by 105.7% in the 2nd quarter. CWM LLC now owns 2,471 shares of the company’s stock worth $35,000 after acquiring an additional 1,270 shares during the last quarter. Blue Trust Inc. grew its holdings in TIM by 298.2% during the 2nd quarter. Blue Trust Inc. now owns 6,973 shares of the company’s stock valued at $100,000 after purchasing an additional 5,222 shares during the last quarter. Finally, Inspire Advisors LLC purchased a new stake in TIM in the 3rd quarter worth about $173,000.

Analysts Set New Price Targets

Several analysts have issued reports on TIMB shares. Scotiabank dropped their target price 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 lowered their price target on shares of TIM from $18.00 to $17.50 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Finally, UBS Group downgraded TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th.

TIM Stock Performance

Shares of TIMB stock opened at $12.60 on Friday. Tim S.A. has a 12 month low of $12.55 and a 12 month high of $19.14. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The company has a market cap of $6.10 billion, a P/E ratio of 10.00, a PEG ratio of 0.60 and a beta of 0.84. The firm has a fifty day moving average price of $14.27 and a 200 day moving average price of $15.17.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate 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%. Sell-side analysts predict that Tim S.A. will post 1.2 earnings per share for the current fiscal year.

TIM Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th were paid a dividend of $0.088 per share. The ex-dividend date was Monday, September 30th. This represents a $0.35 annualized dividend and a dividend yield of 2.79%. TIM’s dividend payout ratio (DPR) is 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.