Tim S.A. (NYSE:TIMB) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in Tim S.A. (NYSE:TIMB) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,706,125 shares of the company’s stock after selling 79,860 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in TIM were worth $31,512,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TIMB. Capital Wealth Planning LLC grew its holdings in shares of TIM by 134.0% in the fourth quarter. Capital Wealth Planning LLC now owns 96,935 shares of the company’s stock valued at $1,790,000 after purchasing an additional 55,513 shares during the period. Ritholtz Wealth Management increased its holdings in shares of TIM by 68.3% during the 4th quarter. Ritholtz Wealth Management now owns 40,379 shares of the company’s stock worth $746,000 after buying an additional 16,390 shares during the last quarter. UBS Group AG raised its position in shares of TIM by 5.2% during the 3rd quarter. UBS Group AG now owns 380,000 shares of the company’s stock valued at $5,662,000 after buying an additional 18,691 shares during the period. Daiwa Securities Group Inc. lifted its holdings in TIM by 20.7% in the third quarter. Daiwa Securities Group Inc. now owns 35,000 shares of the company’s stock valued at $522,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Boston Partners purchased a new position in TIM in the third quarter worth approximately $544,000.

Analyst Ratings Changes

Separately, Barclays reduced their target price 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.

TIM Stock Performance

Shares of TIM stock traded down $0.01 on Friday, reaching $16.93. The company had a trading volume of 458,829 shares, compared to its average volume of 428,741. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.78. The firm’s 50 day moving average price is $17.51 and its two-hundred day moving average price is $17.76. 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. Shareholders of record on Monday, April 1st were paid a dividend of $0.064 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Thursday, March 28th. TIM’s dividend payout ratio (DPR) is 53.66%.

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.