Strategic Global Advisors LLC Takes Position in Millicom International Cellular SA $TIGO

Strategic Global Advisors LLC bought a new stake in Millicom International Cellular SA (NASDAQ:TIGO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,360 shares of the technology company’s stock, valued at approximately $408,000.

A number of other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Millicom International Cellular by 3.9% in the fourth quarter. JPMorgan Chase & Co. now owns 6,713,607 shares of the technology company’s stock valued at $372,202,000 after buying an additional 253,891 shares in the last quarter. Barclays PLC grew its stake in shares of Millicom International Cellular by 1.7% in the third quarter. Barclays PLC now owns 2,895,215 shares of the technology company’s stock valued at $140,534,000 after buying an additional 47,194 shares in the last quarter. State Street Corp grew its stake in shares of Millicom International Cellular by 14.9% in the fourth quarter. State Street Corp now owns 2,279,268 shares of the technology company’s stock valued at $126,364,000 after buying an additional 296,319 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Millicom International Cellular in the first quarter valued at about $50,664,000. Finally, Boston Partners grew its stake in shares of Millicom International Cellular by 2.7% in the fourth quarter. Boston Partners now owns 1,603,730 shares of the technology company’s stock valued at $88,911,000 after buying an additional 41,765 shares in the last quarter.

Millicom International Cellular Trading Down 4.6%

NASDAQ:TIGO opened at $89.45 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33. The business’s 50 day moving average is $83.63 and its two-hundred day moving average is $69.69. Millicom International Cellular SA has a 52 week low of $35.62 and a 52 week high of $94.73. The company has a market cap of $15.12 billion, a PE ratio of 12.15 and a beta of 0.91.

Millicom International Cellular (NASDAQ:TIGO) last released its earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%.The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. On average, analysts predict that Millicom International Cellular SA will post 1.78 EPS for the current year.

Millicom International Cellular Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 8th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, April 8th. Millicom International Cellular’s dividend payout ratio (DPR) is currently 40.76%.

Insider Buying and Selling

In other Millicom International Cellular news, insider Salvador Escalon sold 49,288 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $88.51, for a total transaction of $4,362,480.88. Following the transaction, the insider owned 165,344 shares of the company’s stock, valued at $14,634,597.44. This trade represents a 22.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen downgraded Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. increased their price target on Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Zacks Research raised Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group downgraded Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a report on Tuesday, May 26th. Finally, Scotiabank increased their price target on Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $77.28.

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.