Hennion & Walsh Asset Management Inc. Has $559,000 Stake in Tim S.A. (NYSE:TIMB)

Hennion & Walsh Asset Management Inc. increased its stake in Tim S.A. (NYSE:TIMB) by 66.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,514 shares of the company’s stock after acquiring an additional 12,573 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in TIM were worth $559,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Janiczek Wealth Management LLC grew its holdings in TIM by 13.8% in the first quarter. Janiczek Wealth Management LLC now owns 21,742 shares of the company’s stock worth $386,000 after purchasing an additional 2,635 shares during the period. DGS Capital Management LLC raised its holdings in shares of TIM by 4.6% during the first quarter. DGS Capital Management LLC now owns 29,620 shares of the company’s stock valued at $526,000 after purchasing an additional 1,297 shares during the period. Barometer Capital Management Inc. bought a new position in shares of TIM during the 4th quarter worth about $118,000. Brandes Investment Partners LP grew its stake 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 valued at $3,375,000 after buying an additional 90,562 shares during the period. Finally, Assetmark Inc. increased its position in TIM by 5.0% in the 4th quarter. Assetmark Inc. now owns 191,741 shares of the company’s stock valued at $3,541,000 after buying an additional 9,206 shares in the last quarter.

Analyst Ratings Changes

Separately, Barclays cut their price target on 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

TIMB opened at $14.05 on Wednesday. Tim S.A. has a 1-year low of $13.84 and a 1-year high of $19.14. The company’s fifty day moving average price is $15.80 and its two-hundred day moving average price is $17.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 0.81.

TIM (NYSE:TIMB) last posted its earnings results on Monday, May 6th. The company reported $0.21 earnings per share 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 for the quarter. As a group, equities research analysts expect that Tim S.A. will post 1.22 earnings per share for the current year.

TIM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Thursday, June 27th will be issued a $0.1154 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, June 27th. This is a positive change from TIM’s previous quarterly dividend of $0.08. TIM’s dividend payout ratio (DPR) is currently 29.27%.

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.