Jackson Creek Investment Advisors LLC bought a new position in Millicom International Cellular SA (NASDAQ:TIGO – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 19,553 shares of the technology company’s stock, valued at approximately $1,084,000.
A number of other hedge funds also recently bought and sold shares of TIGO. Smartleaf Asset Management LLC lifted its position in Millicom International Cellular by 155.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock worth $25,000 after buying an additional 314 shares during the last quarter. Allworth Financial LP lifted its position in Millicom International Cellular by 1,129.7% in the 4th quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock worth $25,000 after buying an additional 418 shares during the last quarter. Blue Trust Inc. lifted its position in Millicom International Cellular by 736.2% in the 4th quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock worth $27,000 after buying an additional 427 shares during the last quarter. Spire Wealth Management bought a new stake in Millicom International Cellular in the 4th quarter worth approximately $29,000. Finally, Ameritas Advisory Services LLC bought a new stake in Millicom International Cellular in the 3rd quarter worth approximately $32,000.
Millicom International Cellular Stock Performance
Shares of TIGO stock opened at $84.67 on Thursday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.60 and a current ratio of 0.62. Millicom International Cellular SA has a fifty-two week low of $35.49 and a fifty-two week high of $87.05. The stock has a 50 day moving average price of $80.36 and a two-hundred day moving average price of $66.44. The company has a market capitalization of $14.31 billion, a P/E ratio of 11.50 and a beta of 0.93.
Millicom International Cellular Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 8th will be given a $0.75 dividend. The ex-dividend date is Thursday, April 8th. This represents a $3.00 annualized dividend and a yield of 3.5%. Millicom International Cellular’s payout ratio is presently 40.76%.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Morgan Stanley restated a “positive” rating and issued a $55.00 target price on shares of Millicom International Cellular in a research report on Thursday, February 26th. UBS Group cut Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a report on Tuesday. Scotiabank raised their price target on Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a research report on Wednesday. Zacks Research upgraded Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Weiss Ratings upgraded Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Millicom International Cellular currently has an average rating of “Moderate Buy” and an average price target of $77.28.
Read Our Latest Research Report on Millicom International Cellular
Millicom International Cellular Profile
Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.
Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.
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