Tredje AP fonden acquired a new stake in shares of Millicom International Cellular SA (NASDAQ:TIGO – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,090,531 shares of the technology company’s stock, valued at approximately $60,459,000. Tredje AP fonden owned 0.63% of Millicom International Cellular at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of TIGO. AlphaCore Capital LLC purchased a new position in Millicom International Cellular during the fourth quarter valued at $307,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Millicom International Cellular by 46,519.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,263,376 shares of the technology company’s stock worth $70,042,000 after buying an additional 1,260,666 shares in the last quarter. Allworth Financial LP grew its stake in shares of 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 in the last quarter. Bailard Inc. bought a new stake in shares of Millicom International Cellular in the 4th quarter worth about $205,000. Finally, Swiss Life Asset Management Ltd lifted its holdings in shares of Millicom International Cellular by 76.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 8,644 shares of the technology company’s stock worth $479,000 after acquiring an additional 3,738 shares during the last quarter.
Millicom International Cellular Stock Up 1.8%
TIGO stock opened at $80.73 on Tuesday. The firm’s fifty day simple moving average is $78.52 and its 200-day simple moving average is $64.57. Millicom International Cellular SA has a 12 month low of $35.49 and a 12 month high of $85.26. The company has a market capitalization of $13.64 billion, a P/E ratio of 10.97 and a beta of 0.93. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60.
Millicom International Cellular Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.7%. Millicom International Cellular’s dividend payout ratio is 40.76%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on TIGO shares. Scotiabank lifted their price objective on shares of Millicom International Cellular from $43.00 to $51.20 and gave the company a “sector underperform” rating in a report on Monday, March 30th. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. HSBC upgraded shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Friday, March 6th. Wall Street Zen lowered shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Morgan Stanley reissued a “positive” rating and set a $55.00 target price on shares of Millicom International Cellular in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.64.
Read Our Latest Analysis on TIGO
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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