DGS Capital Management LLC Purchases 1,297 Shares of Tim S.A. (NYSE:TIMB)

DGS Capital Management LLC raised its holdings in shares of Tim S.A. (NYSE:TIMB) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,620 shares of the company’s stock after acquiring an additional 1,297 shares during the quarter. DGS Capital Management LLC’s holdings in TIM were worth $526,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Fiera Capital Corp bought a new stake in TIM during the 4th quarter valued at approximately $1,700,000. Brandes Investment Partners LP grew its stake in TIM by 98.3% during the fourth quarter. Brandes Investment Partners LP now owns 182,703 shares of the company’s stock valued at $3,375,000 after acquiring an additional 90,562 shares in the last quarter. UBS Group AG lifted its stake in 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 in the last quarter. Capital Wealth Planning LLC grew its position in shares of TIM by 134.0% during the fourth quarter. Capital Wealth Planning LLC now owns 96,935 shares of the company’s stock valued at $1,790,000 after purchasing an additional 55,513 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new position in TIM during the third quarter valued at approximately $617,000.

Analysts Set New Price Targets

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

TIM Stock Performance

TIM stock opened at $14.52 on Friday. Tim S.A. has a 12-month low of $14.04 and a 12-month high of $19.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 0.81. The firm has a 50-day moving average price of $15.96 and a 200-day moving average price of $17.35.

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

TIM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Thursday, June 27th will be 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 is Thursday, June 27th. This represents a $0.46 dividend on an annualized basis and a yield of 3.18%. TIM’s dividend payout ratio (DPR) is 46.34%.

TIM Company 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.