Fox Run Management L.L.C. acquired a new position in Millicom International Cellular SA (NASDAQ:TIGO – Free Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 15,714 shares of the technology company’s stock, valued at approximately $871,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Millicom International Cellular by 155.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after purchasing an additional 314 shares during the last quarter. Allworth Financial LP lifted its stake in Millicom International Cellular by 1,129.7% in the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after purchasing an additional 418 shares during the last quarter. Blue Trust Inc. raised its holdings in Millicom International Cellular by 736.2% during the 4th quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock valued at $27,000 after acquiring an additional 427 shares during the period. Spire Wealth Management bought a new stake in Millicom International Cellular during the 4th quarter valued at $29,000. Finally, Ameritas Advisory Services LLC bought a new position in Millicom International Cellular in the third quarter valued at $32,000.
Insider Buying and Selling at Millicom International Cellular
In other Millicom International Cellular news, insider Salvador Escalon sold 49,288 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $88.51, for a total transaction of $4,362,480.88. Following the completion of the transaction, the insider owned 165,344 shares of the company’s stock, valued at approximately $14,634,597.44. This trade represents a 22.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Report on Millicom International Cellular
Millicom International Cellular Stock Performance
Shares of TIGO opened at $89.25 on Thursday. 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 SA has a one year low of $35.62 and a one year high of $89.67. The company has a 50-day simple moving average of $82.75 and a two-hundred day simple moving average of $68.88. The firm has a market capitalization of $15.08 billion, a PE ratio of 12.13 and a beta of 0.91.
Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. On average, analysts anticipate that Millicom International Cellular SA will post 2.34 EPS for the current fiscal year.
Millicom International Cellular Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 8th will be paid 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 dividend yield of 3.4%. Millicom International Cellular’s dividend payout ratio (DPR) is currently 40.76%.
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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