Crossmark Global Holdings Inc. Raises Holdings in Millicom International Cellular SA $TIGO

Crossmark Global Holdings Inc. boosted its position in Millicom International Cellular SA (NASDAQ:TIGO) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 413,983 shares of the technology company’s stock after acquiring an additional 16,126 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Millicom International Cellular were worth $22,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Millicom International Cellular by 48.1% in the 1st quarter. Royal Bank of Canada now owns 46,183 shares of the technology company’s stock worth $1,398,000 after purchasing an additional 14,990 shares during the period. AQR Capital Management LLC grew its holdings in shares of Millicom International Cellular by 5.0% during the 1st quarter. AQR Capital Management LLC now owns 9,587 shares of the technology company’s stock worth $290,000 after purchasing an additional 453 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Millicom International Cellular during the 1st quarter worth approximately $2,188,000. Goldman Sachs Group Inc. acquired a new stake in Millicom International Cellular during the 1st quarter worth approximately $50,664,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Millicom International Cellular in the first quarter valued at approximately $8,504,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TIGO. Morgan Stanley reaffirmed a “positive” rating and set a $55.00 price target on shares of Millicom International Cellular in a research report on Thursday, February 26th. HSBC raised 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 report on Friday, March 6th. Scotiabank lifted their target price 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 reaffirmed a “buy (b)” rating on shares of Millicom International Cellular in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.64.

Millicom International Cellular Trading Down 0.1%

TIGO opened at $80.43 on Friday. Millicom International Cellular SA has a 12-month low of $33.74 and a 12-month high of $85.26. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.88 and a quick ratio of 0.86. The stock has a market capitalization of $13.59 billion, a PE ratio of 10.25 and a beta of 0.93. The firm’s fifty day moving average price is $77.29 and its 200 day moving average price is $62.97.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings data on Thursday, February 26th. The technology company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.45. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.49 billion. Millicom International Cellular had a net margin of 22.62% and a return on equity of 17.07%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. As a group, research analysts expect that Millicom International Cellular SA will post 3.23 EPS for the current fiscal year.

Millicom International Cellular Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 8th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $3.00 annualized dividend and a dividend yield of 3.7%. Millicom International Cellular’s dividend payout ratio (DPR) is presently 38.22%.

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.