One Capital Management LLC Has $3.49 Million Stock Position in Millicom International Cellular SA $TIGO

One Capital Management LLC grew its position in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 42.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,959 shares of the technology company’s stock after acquiring an additional 18,681 shares during the quarter. One Capital Management LLC’s holdings in Millicom International Cellular were worth $3,490,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its stake in shares of Millicom International Cellular by 1,129.7% during the 4th quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock worth $25,000 after purchasing an additional 418 shares in the last quarter. Blue Trust Inc. increased its position in Millicom International Cellular by 736.2% during 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 period. Smartleaf Asset Management LLC increased its position 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 worth $25,000 after buying an additional 314 shares during the period. Spire Wealth Management acquired a new stake in shares of Millicom International Cellular during the 4th quarter worth $29,000. Finally, GAMMA Investing LLC grew its holdings in shares of Millicom International Cellular by 140.8% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock worth $32,000 after purchasing an additional 335 shares in the last quarter.

Analyst Ratings Changes

TIGO has been the topic of several analyst reports. Morgan Stanley reissued a “positive” rating and set a $55.00 target price on shares of Millicom International Cellular in a report on Thursday, February 26th. UBS Group lowered Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Tuesday, May 26th. HSBC upgraded Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Friday, March 6th. Scotiabank raised their price objective on Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a research report on Wednesday, May 27th. Finally, Zacks Research upgraded Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.28.

Millicom International Cellular Trading Up 3.6%

NASDAQ TIGO opened at $88.88 on Wednesday. The company has a market cap of $15.02 billion, a price-to-earnings ratio of 12.08 and a beta of 0.91. Millicom International Cellular SA has a 52 week low of $35.62 and a 52 week high of $89.48. The business has a 50 day moving average price of $81.06 and a 200-day moving average price of $67.20. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%. As a group, equities analysts expect that Millicom International Cellular SA will post 2.34 earnings per share for the current fiscal year.

Millicom International Cellular Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 8th will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, April 8th. This represents a $3.00 annualized dividend and a dividend yield of 3.4%. Millicom International Cellular’s payout ratio 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.