Vanguard Personalized Indexing Management LLC Acquires 4,172 Shares of Tim S.A. (NYSE:TIMB)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Tim S.A. (NYSE:TIMB) by 30.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,701 shares of the company’s stock after purchasing an additional 4,172 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in TIM were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. CWM LLC raised its position in shares of TIM by 105.7% in the second quarter. CWM LLC now owns 2,471 shares of the company’s stock valued at $35,000 after purchasing an additional 1,270 shares during the period. DGS Capital Management LLC lifted its position in TIM by 4.6% during the 1st quarter. DGS Capital Management LLC now owns 29,620 shares of the company’s stock worth $526,000 after acquiring an additional 1,297 shares during the last quarter. Janiczek Wealth Management LLC boosted its holdings in TIM by 13.8% during the first quarter. Janiczek Wealth Management LLC now owns 21,742 shares of the company’s stock valued at $386,000 after acquiring an additional 2,635 shares during the period. QRG Capital Management Inc. grew its position in shares of TIM by 25.2% in the second quarter. QRG Capital Management Inc. now owns 13,796 shares of the company’s stock valued at $198,000 after purchasing an additional 2,780 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in shares of TIM in the first quarter valued at about $54,000.

TIM Trading Up 0.5 %

TIM stock opened at $17.28 on Monday. The business has a 50 day moving average price of $16.11 and a two-hundred day moving average price of $16.22. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.52. Tim S.A. has a 12 month low of $13.84 and a 12 month high of $19.14. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.73 and a beta of 0.87.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, July 30th. The company reported $0.31 EPS for the quarter. TIM had a return on equity of 11.47% and a net margin of 12.53%. The firm had revenue of $1.21 billion during the quarter. As a group, equities analysts forecast that Tim S.A. will post 1.27 EPS for the current year.

TIM Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th will be given a dividend of $0.088 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.35 annualized dividend and a dividend yield of 2.04%. TIM’s dividend payout ratio (DPR) is currently 28.46%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays lowered their target price on TIM from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Scotiabank upgraded shares of TIM from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $17.50 to $24.80 in a research report on Friday, September 20th.

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.