Capital Wealth Planning LLC Has $1.79 Million Stock Position in Tim S.A. (NYSE:TIMB)

Capital Wealth Planning LLC grew its stake in Tim S.A. (NYSE:TIMB - Free Report) by 134.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,935 shares of the company's stock after acquiring an additional 55,513 shares during the period. Capital Wealth Planning LLC's holdings in TIM were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. UBS Group AG raised its holdings in TIM by 5.2% during the 3rd quarter. UBS Group AG now owns 380,000 shares of the company's stock worth $5,662,000 after purchasing an additional 18,691 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in TIM by 2.8% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 322,338 shares of the company's stock valued at $4,803,000 after buying an additional 8,927 shares during the period. Assetmark Inc. boosted its stake in TIM by 9.3% in the third quarter. Assetmark Inc. now owns 182,535 shares of the company's stock valued at $2,720,000 after acquiring an additional 15,470 shares during the last quarter. Gabelli Funds LLC grew its holdings in TIM by 4.0% during the 3rd quarter. Gabelli Funds LLC now owns 102,978 shares of the company's stock worth $1,534,000 after acquiring an additional 4,000 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in shares of TIM by 62.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 73,795 shares of the company's stock valued at $1,100,000 after acquiring an additional 28,443 shares during the last quarter.

TIM Trading Up 1.9 %

TIM stock traded up $0.31 during midday trading on Thursday, hitting $16.94. 525,647 shares of the stock were exchanged, compared to its average volume of 446,792. The stock has a market capitalization of $8.20 billion, a PE ratio of 13.77, a P/E/G ratio of 0.49 and a beta of 0.93. The company has a fifty day simple moving average of $17.55 and a two-hundred day simple moving average of $17.74. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. Tim S.A. has a 52 week low of $13.58 and a 52 week high of $19.14.

TIM Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 1st were given a dividend of $0.064 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.51%. TIM's dividend payout ratio is 53.66%.

Analyst Ratings Changes

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

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.