Capital Wealth Planning LLC Grows Stock Holdings in Tim S.A. (NYSE:TIMB)

Capital Wealth Planning LLC raised its stake in Tim S.A. (NYSE:TIMB) by 34.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 130,472 shares of the company’s stock after buying an additional 33,537 shares during the period. Capital Wealth Planning LLC’s holdings in TIM were worth $2,316,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. UBS Group AG lifted its position in shares of TIM by 19.3% in the 4th quarter. UBS Group AG now owns 453,388 shares of the company’s stock worth $8,374,000 after purchasing an additional 73,388 shares during the period. Assetmark Inc. lifted its position in shares of TIM by 5.0% in the 4th quarter. Assetmark Inc. now owns 191,741 shares of the company’s stock worth $3,541,000 after purchasing an additional 9,206 shares during the period. Brandes Investment Partners LP lifted its position in shares of TIM by 98.3% in the 4th quarter. Brandes Investment Partners LP now owns 182,703 shares of the company’s stock worth $3,375,000 after purchasing an additional 90,562 shares during the period. Fiera Capital Corp purchased a new stake in shares of TIM in the 4th quarter worth approximately $1,700,000. Finally, Summit Global Investments lifted its position in shares of TIM by 68.6% in the 4th quarter. Summit Global Investments now owns 69,868 shares of the company’s stock worth $1,290,000 after purchasing an additional 28,428 shares during the period.

TIM Price Performance

NYSE:TIMB traded up $0.14 during midday trading on Friday, reaching $15.58. 497,881 shares of the stock traded hands, compared to its average volume of 423,010. Tim S.A. has a 12-month low of $13.84 and a 12-month high of $19.14. The business has a 50-day moving average of $15.41 and a two-hundred day moving average of $17.05. The company has a current ratio of 0.81, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB) last posted its earnings results on Monday, May 6th. The company reported $0.21 EPS for the quarter. TIM had a net margin of 12.12% and a return on equity of 10.94%. The company had revenue of $1.23 billion during the quarter. Equities research analysts forecast that Tim S.A. will post 1.22 EPS for the current year.

TIM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Thursday, June 27th will be paid a dividend of $0.1154 per share. This is a positive change from TIM’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, June 27th. This represents a $0.46 dividend on an annualized basis and a yield of 2.96%. TIM’s dividend payout ratio is presently 29.27%.

Analyst Upgrades and Downgrades

Separately, Barclays decreased their target price on shares of TIM from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 8th.

About TIM

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.