Sumitomo Mitsui Trust Holdings Inc. increased its stake in TIM Participacoes SA (NYSE:TSU) by 24.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,146 shares of the Wireless communications provider’s stock after acquiring an additional 37,900 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in TIM Participacoes were worth $3,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSU. Wells Fargo & Company MN boosted its position in shares of TIM Participacoes by 93.8% during the first quarter. Wells Fargo & Company MN now owns 7,009 shares of the Wireless communications provider’s stock valued at $152,000 after buying an additional 3,392 shares during the period. BNP Paribas Arbitrage SA raised its stake in TIM Participacoes by 242.5% in the first quarter. BNP Paribas Arbitrage SA now owns 9,035 shares of the Wireless communications provider’s stock worth $196,000 after buying an additional 6,397 shares in the last quarter. Atria Investments LLC bought a new position in TIM Participacoes in the first quarter worth approximately $202,000. Barclays PLC raised its stake in TIM Participacoes by 38.3% in the first quarter. Barclays PLC now owns 9,647 shares of the Wireless communications provider’s stock worth $209,000 after buying an additional 2,671 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in TIM Participacoes in the first quarter worth approximately $235,000. 14.75% of the stock is owned by institutional investors.

Shares of NYSE:TSU opened at $14.63 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.23. TIM Participacoes SA has a 52 week low of $14.31 and a 52 week high of $23.11. The company has a market capitalization of $7.09 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33.

The company also recently declared a special dividend, which will be paid on Thursday, August 23rd. Shareholders of record on Monday, July 30th will be issued a $0.1293 dividend. This is a positive change from TIM Participacoes’s previous special dividend of $0.12. This represents a yield of 0.34%. The ex-dividend date of this dividend is Friday, July 27th. TIM Participacoes’s payout ratio is currently 10.00%.

A number of equities analysts recently commented on TSU shares. Barclays reduced their price objective on shares of TIM Participacoes from $18.50 to $18.00 and set a “hold” rating for the company in a research note on Monday, July 23rd. Royal Bank of Canada reissued a “hold” rating and issued a $17.50 price objective on shares of TIM Participacoes in a research note on Tuesday, July 31st. Zacks Investment Research downgraded shares of TIM Participacoes from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 2nd. UBS Group raised shares of TIM Participacoes from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. Finally, ValuEngine downgraded shares of TIM Participacoes from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.38.

TIM Participacoes Company Profile

TIM ParticipaƧƵes 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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Institutional Ownership by Quarter for TIM Participacoes (NYSE:TSU)

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