10,804 Shares in Millicom International Cellular SA $TIGO Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in Millicom International Cellular SA (NASDAQ:TIGO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,804 shares of the technology company’s stock, valued at approximately $599,000.

Other hedge funds have also added to or reduced their stakes in the company. Thoroughbred Financial Services LLC bought a new stake in shares of Millicom International Cellular during the fourth quarter valued at approximately $349,000. Jackson Creek Investment Advisors LLC purchased a new position in shares of Millicom International Cellular during the fourth quarter valued at approximately $1,084,000. Legal & General Group Plc boosted its position in shares of Millicom International Cellular by 4.6% during the fourth quarter. Legal & General Group Plc now owns 249,096 shares of the technology company’s stock valued at $13,810,000 after buying an additional 10,852 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Millicom International Cellular during the fourth quarter valued at approximately $711,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Millicom International Cellular by 32.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,470 shares of the technology company’s stock valued at $137,000 after buying an additional 603 shares during the last quarter.

Millicom International Cellular Stock Up 4.4%

Shares of NASDAQ TIGO opened at $87.36 on Wednesday. Millicom International Cellular SA has a one year low of $35.62 and a one year high of $89.49. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. The business’s fifty day moving average price is $82.43 and its 200-day moving average price is $68.62. The stock has a market capitalization of $14.76 billion, a PE ratio of 11.87 and a beta of 0.91.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, beating 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 firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. On average, equities research analysts anticipate that Millicom International Cellular SA will post 2.34 EPS for the current year.

Millicom International Cellular Dividend Announcement

The company 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. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, April 8th. Millicom International Cellular’s dividend payout ratio is currently 40.76%.

Insider Activity at Millicom International Cellular

In other news, insider Salvador Escalon sold 49,288 shares of the company’s stock in a transaction 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 represents a 22.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Ratings Changes

Several brokerages recently issued reports on TIGO. Zacks Research raised Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Scotiabank lifted their target price on Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a research report on Wednesday, May 27th. Wall Street Zen cut Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Friday, March 6th. Finally, Morgan Stanley reissued a “positive” rating and issued a $55.00 price objective on shares of Millicom International Cellular in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Millicom International Cellular currently has a consensus rating of “Moderate Buy” and a consensus 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.