Sumitomo Mitsui Trust Group Inc. Has $1.56 Million Position in Tim S.A. (NYSE:TIMB)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Tim S.A. (NYSE:TIMB) by 13.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,198 shares of the company’s stock after acquiring an additional 16,000 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in TIM were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. State Street Corp increased its position in TIM by 16.7% in the 3rd quarter. State Street Corp now owns 583,724 shares of the company’s stock valued at $10,207,000 after buying an additional 83,468 shares in the last quarter. Stifel Financial Corp increased its position in TIM by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 85,050 shares of the company’s stock valued at $1,465,000 after buying an additional 822 shares in the last quarter. Jane Street Group LLC bought a new stake in TIM in the 3rd quarter valued at about $215,000. Meritage Portfolio Management bought a new stake in TIM in the 3rd quarter valued at about $3,683,000. Finally, Public Employees Retirement System of Ohio bought a new stake in TIM in the 3rd quarter valued at about $1,089,000.

TIM Stock Performance

Shares of TIMB opened at $15.21 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a 50 day moving average price of $12.66 and a two-hundred day moving average price of $14.47. The firm has a market capitalization of $7.36 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.60 and a beta of 0.84. Tim S.A. has a 52 week low of $11.32 and a 52 week high of $19.14.

TIM (NYSE:TIMB) last announced its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). TIM had a return on equity of 11.73% and a net margin of 12.71%. Equities analysts forecast that Tim S.A. will post 1.16 earnings per share for the current fiscal year.

TIM Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, February 21st will be paid a $0.0717 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.29 annualized dividend and a yield of 1.89%. TIM’s payout ratio is 56.35%.

Analyst Upgrades and Downgrades

TIMB has been the subject of a number of research analyst reports. Scotiabank decreased their target price on TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a research report on Wednesday. Barclays decreased their target price on TIM from $17.50 to $15.50 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. UBS Group lowered TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group decreased their price objective on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a report on Thursday, December 19th.

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.