Fiera Capital Corp Sells 58,800 Shares of Tim S.A. (NYSE:TIMB)

Fiera Capital Corp trimmed its stake in shares of Tim S.A. (NYSE:TIMB) by 15.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 319,321 shares of the company’s stock after selling 58,800 shares during the quarter. Fiera Capital Corp owned 0.07% of TIM worth $4,573,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TIMB. CWM LLC increased its position in shares of TIM by 105.7% during the second quarter. CWM LLC now owns 2,471 shares of the company’s stock valued at $35,000 after buying an additional 1,270 shares during the period. SageView Advisory Group LLC purchased a new stake in TIM in the 1st quarter worth approximately $54,000. Headlands Technologies LLC bought a new position in TIM in the 1st quarter valued at $59,000. Blue Trust Inc. boosted its holdings in TIM by 298.2% in 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 period. Finally, Barometer Capital Management Inc. purchased a new position in shares of TIM during the 4th quarter valued at $118,000.

TIM Price Performance

TIMB stock opened at $16.04 on Wednesday. The company’s 50 day moving average is $15.40 and its 200 day moving average is $16.44. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85 and a current ratio of 0.88. Tim S.A. has a 1-year low of $13.84 and a 1-year high of $19.14.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.31 EPS for the quarter. TIM had a net margin of 12.53% and a return on equity of 11.47%. The firm had revenue of $1.21 billion for the quarter. Analysts expect that Tim S.A. will post 1.25 EPS for the current fiscal year.

TIM Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Thursday, June 27th were given a dividend of $0.1154 per share. This is an increase from TIM’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.46 dividend on an annualized basis and a yield of 2.88%. TIM’s dividend payout ratio (DPR) is presently 27.64%.

Analysts Set New Price Targets

Separately, Barclays lowered their price objective on TIM from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd.

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.