Vest Financial LLC lowered its position in Millicom International Cellular SA (NASDAQ:TIGO – Free Report) by 24.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 65,401 shares of the technology company’s stock after selling 21,254 shares during the quarter. Vest Financial LLC’s holdings in Millicom International Cellular were worth $5,699,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Amundi increased its holdings in shares of Millicom International Cellular by 120.8% in the first quarter. Amundi now owns 529,936 shares of the technology company’s stock worth $39,713,000 after purchasing an additional 289,913 shares during the period. Saudi Central Bank purchased a new stake in shares of Millicom International Cellular during the 2nd quarter valued at $7,014,000. Lee Danner & Bass Inc. purchased a new stake in shares of Millicom International Cellular during the 1st quarter valued at $18,210,000. Bank of America Corp DE raised its position in shares of Millicom International Cellular by 22.0% during the 1st quarter. Bank of America Corp DE now owns 243,778 shares of the technology company’s stock valued at $18,269,000 after buying an additional 43,947 shares in the last quarter. Finally, LGT Fund Management Co Ltd. bought a new stake in shares of Millicom International Cellular during the 1st quarter worth $2,373,000.
Millicom International Cellular Stock Down 2.0%
NASDAQ:TIGO opened at $78.34 on Friday. The firm has a market cap of $13.24 billion, a P/E ratio of 23.17 and a beta of 0.93. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.51 and a current ratio of 0.53. Millicom International Cellular SA has a fifty-two week low of $44.88 and a fifty-two week high of $107.13. The firm has a 50-day simple moving average of $90.07 and a two-hundred day simple moving average of $88.96.
Millicom International Cellular Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Friday, January 8th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, January 8th. Millicom International Cellular’s dividend payout ratio (DPR) is currently 75.76%.
Analyst Ratings Changes
Several research analysts recently issued reports on TIGO shares. Zacks Research upgraded shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Weiss Ratings upgraded Millicom International Cellular from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Scotiabank upped their price target on Millicom International Cellular from $52.40 to $60.10 and gave the stock a “sector underperform” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $105.00 price objective (up from $100.00) on shares of Millicom International Cellular in a research note on Tuesday, August 18th. Finally, UBS Group boosted their target price on Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Millicom International Cellular currently has a consensus rating of “Moderate Buy” and an average price target of $85.68.
Read Our Latest Report on Millicom International Cellular
About Millicom International Cellular
Millicom International Cellular SA is a telecommunications and digital services company operating under the Tigo brand in Latin America. The company provides mobile voice and data services, fixed broadband, pay television, cable connectivity and other communications services to consumers, businesses and government organizations.
Its consumer offerings include wireless plans, home internet, television and digital entertainment services. Through Tigo Money and related financial technology products, Millicom also provides mobile money, digital payments and other financial services in selected markets.
Featured Stories
- Five stocks we like better than Millicom International Cellular
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
- Chefs’ Warehouse Has Rallied 76%—Can the Stock Keep Climbing?
- MarketBeat Week in Review – 10/19 – 10/23
- Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs
Want to see what other hedge funds are holding TIGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Millicom International Cellular SA (NASDAQ:TIGO – Free Report).
Receive News & Ratings for Millicom International Cellular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Millicom International Cellular and related companies with MarketBeat.com's FREE daily email newsletter.
