Vanguard Group Inc. decreased its holdings in TIM Participacoes S.A. (NYSE:TSU) by 1.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,849,855 shares of the Wireless communications provider’s stock after selling 28,047 shares during the period. Vanguard Group Inc. owned approximately 0.38% of TIM Participacoes worth $27,378,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Northern Trust Corp boosted its stake in shares of TIM Participacoes by 4.6% in the 2nd quarter. Northern Trust Corp now owns 196,658 shares of the Wireless communications provider’s stock valued at $2,910,000 after purchasing an additional 8,694 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in shares of TIM Participacoes by 10.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 143,668 shares of the Wireless communications provider’s stock valued at $2,126,000 after purchasing an additional 14,009 shares in the last quarter. Profund Advisors LLC purchased a new stake in shares of TIM Participacoes in the 2nd quarter valued at $402,000. Dorsey Wright & Associates purchased a new stake in shares of TIM Participacoes in the 2nd quarter valued at $1,119,000. Finally, CIBC World Markets Inc. boosted its stake in shares of TIM Participacoes by 1.9% in the 2nd quarter. CIBC World Markets Inc. now owns 12,886 shares of the Wireless communications provider’s stock valued at $191,000 after purchasing an additional 236 shares in the last quarter. 16.69% of the stock is owned by institutional investors.

Shares of TIM Participacoes S.A. (NYSE:TSU) opened at $17.52 on Friday. TIM Participacoes S.A. has a 1-year low of $11.17 and a 1-year high of $19.42. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.34. The company has a market cap of $8,483.29, a price-to-earnings ratio of 30.74, a P/E/G ratio of 1.16 and a beta of 1.51.

The company also recently declared a special dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be issued a dividend of $0.1199 per share. The ex-dividend date of this dividend is Thursday, November 16th. TIM Participacoes’s dividend payout ratio is currently 12.28%.

A number of brokerages have recently issued reports on TSU. Barclays PLC upped their price objective on shares of TIM Participacoes from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Investment Research raised shares of TIM Participacoes from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Friday, August 4th. Royal Bank Of Canada set a $16.00 price objective on shares of TIM Participacoes and gave the company a “hold” rating in a research note on Monday, July 31st. TheStreet raised shares of TIM Participacoes from a “c” rating to a “b-” rating in a research note on Wednesday, July 26th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $20.00 price target on shares of TIM Participacoes in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. TIM Participacoes presently has a consensus rating of “Buy” and an average target price of $19.40.

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About TIM Participacoes

TIM Participacoes SA (TIM) is a provider of mobile telecommunication services in Brazil. The Company, through its subsidiaries in various telecommunications markets, operates mobile, fixed and long distance telephony, data transmission and ultra-broadband services. Its direct subsidiaries include TIM Celular SA, which provides landline telephone services (commuted fixed telephonic service (STFC))-domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (multimedia service of communication (SCM)) in all Brazilian states and in the Federal District, and Intelig Telecomunicacoes Ltda., which provides STFC-local voices services and SCM services in all Brazilian states and in the Federal District.

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

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