The payment of a dividend was announced to have been made by Tim S.A. (NYSE: TIMB) on September 16th, according to an article that was published on investing.com. Stockholders who had their shares on file as of the previous Friday, September 23rd, will be eligible to receive dividends of 0.075 cents per share on Monday, November 7th. These dividends will be paid to stockholders who had their shares on file as of the previous Friday, September 23rd. As a result, the maximum dividend yield achieved is 3.85 percent. The date September 22nd, which is a Thursday, is the date that will mark the beginning of the “ex-dividend” status for this payout.
The most current quarterly results report for TIM (NYSE: TIMB) was made available to the general public on Tuesday, August 2nd. The company reported earnings per share for the quarter of $0.13, which was $0.09 less than the consensus estimate of $0.22 from market experts. The company announced sales for the quarter of $1.01 billion, which fell short of the $1.07 billion analysts hoped the company would report. TIM had an overall profit margin of 13.92%, while its return on equity was 7.69%. According to the forecasts that market analysts developed, TIM should be able to create earnings of $0.55 per share for the current financial year.
During the last several months, various institutional investors, including hedge funds and other types of investment vehicles, have traded shares of the company, both buying and selling. During the second quarter, Goldman Sachs Group Inc. increased the proportion of its total capital invested in TIM by 40.9% from the previous quarter’s level. Goldman Sachs Group Inc. is now the owner of 18,692 shares in the company; these shares have a combined value of $227,000 and were acquired during the most recent fiscal quarter through the purchase of an additional 5,424 shares in the company. Nomura Holdings Inc. spent $478 000 to acquire a new position in TIM during the year’s second quarter. Atlas Capital Advisors LLC increased its overall interest in TIM to a level that was 235.2% larger than it was before during the second quarter.
At present, Atlas Capital Advisors LLC is the owner of 13,115 shares in the company. The current market value of these shares is $159,000. This shows an increase of 9,202 shares acquired during the most recent quarter of the company’s financial year. During the second quarter, AQR Capital Management LLC made a 47.3% investment to increase the number of TIM shares it owned. During the final three months of 2018, AQR Capital Management LLC made further purchases of 82,119 shares, bringing the total number of shares to 82,119. AQR Capital Management LLC has recently become the owner of 255,891 shares of the company’s stock, which have a value of $3,109,000. And last, during the second quarter of the fiscal year, Cubist Systematic Strategies LLC made a new investment in TIM. The total amount of this transaction was close to $300,000. Institutional investors own 4.26 percent of the total number of shares in the company.
When trading started on Friday, the price of a share of TIMB stock was $11.68. The price of the stock’s moving average over the previous 50 days comes in at $11.93, while the price’s moving average over the past 200 days comes in at $12.95. The company has a price-to-earnings ratio of 11.02, its market capitalization is $5.65 billion, its price-to-earnings-to-growth ratio is 1.29, and its beta is 0.77. The price-to-earnings ratio measures how closely a stock’s price tracks its earnings per share. During the last year, TIM reached a price of $15.61, which was its all-time high, and $9.81, which was its all-time low. The debt-to-equity ratio, the current ratio, and the quick ratio all have the same value: 0.61, respectively, for the current ratio, the quick ratio, and the current ratio.
Over the past few weeks, many brokerage businesses have expressed their displeasure with TIMB. Barclays revealed in a research note released on Monday, August 15th, that they had increased their target price for TIM to $17.50. In a research report released on Tuesday, June 21st, TheStreet downgraded its rating of TIM from “b” to “c+,” reflecting the investigation findings. The report was distributed to the general public for their perusal. In Brazil, TIM SA provides various telecommunications services and goods, including value-added services, mobile voice, and data services, broadband internet access, and mobile voice and data services. TIM SA also provides value-added services. The individual services and corporate options provided can be utilized to the fullest potential by businesses of any of the three sizes described above.