Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of TIM Brasil (NYSE:TSU) by 23.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 153,246 shares of the Wireless communications provider’s stock after selling 46,100 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in TIM Brasil were worth $3,321,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of TSU. Tower Research Capital LLC TRC acquired a new position in TIM Brasil during the fourth quarter valued at $144,000. Wells Fargo & Company MN grew its stake in TIM Brasil by 93.8% in the first quarter. Wells Fargo & Company MN now owns 7,009 shares of the Wireless communications provider’s stock valued at $152,000 after purchasing an additional 3,392 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in TIM Brasil in the fourth quarter valued at about $276,000. Envestnet Asset Management Inc. grew its stake in TIM Brasil by 17.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 21,584 shares of the Wireless communications provider’s stock valued at $417,000 after purchasing an additional 3,206 shares in the last quarter. Finally, Timber Hill LLC grew its stake in TIM Brasil by 72.9% in the fourth quarter. Timber Hill LLC now owns 43,101 shares of the Wireless communications provider’s stock valued at $832,000 after purchasing an additional 18,171 shares in the last quarter. 14.72% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on TSU shares. Zacks Investment Research upgraded TIM Brasil from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, February 7th. Goldman Sachs started coverage on TIM Brasil in a research note on Tuesday, April 3rd. They issued a “buy” rating on the stock. Barclays downgraded TIM Brasil from an “overweight” rating to an “equal weight” rating and set a $21.00 target price on the stock. in a research note on Friday, May 11th. Royal Bank of Canada set a $22.00 target price on TIM Brasil and gave the company a “hold” rating in a research note on Friday, March 9th. Finally, Scotiabank set a $22.00 target price on TIM Brasil and gave the company a “hold” rating in a research note on Monday, February 5th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. TIM Brasil currently has a consensus rating of “Buy” and an average target price of $21.17.
Shares of NYSE TSU opened at $17.79 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. TIM Brasil has a one year low of $13.97 and a one year high of $23.11. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 0.71 and a beta of 1.37.
The business also recently declared an annual dividend, which will be paid on Tuesday, June 26th. Stockholders of record on Monday, April 30th will be paid a dividend of $0.0626 per share. The ex-dividend date is Friday, April 27th. This represents a dividend yield of 0.28%. TIM Brasil’s dividend payout ratio (DPR) is presently 10.00%.
About TIM Brasil
TIM Participações SA provides telecommunication services in Brazil. The company offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. It provides prepaid and postpaid services; value-added services, including short message services or text messaging, and multimedia messaging services; and insurance services.
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