Barclays PLC Sells 23,588 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

Barclays PLC cut its holdings in Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,756 shares of the technology company's stock after selling 23,588 shares during the period. Barclays PLC owned approximately 0.11% of Millicom International Cellular worth $4,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Millicom International Cellular by 69.5% in the fourth quarter. Blue Trust Inc. now owns 3,767 shares of the technology company's stock worth $102,000 after purchasing an additional 1,544 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Millicom International Cellular by 72.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company's stock valued at $122,000 after acquiring an additional 2,055 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Millicom International Cellular by 22.2% during the 4th quarter. Principal Securities Inc. now owns 7,030 shares of the technology company's stock valued at $176,000 after acquiring an additional 1,277 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Millicom International Cellular by 6.4% during the 4th quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company's stock valued at $227,000 after acquiring an additional 545 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in Millicom International Cellular during the fourth quarter worth $229,000.

Millicom International Cellular Stock Down 0.6 %

TIGO traded down $0.20 during midday trading on Friday, reaching $33.65. 217,153 shares of the company were exchanged, compared to its average volume of 346,627. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 35.65 and a beta of 1.03. Millicom International Cellular S.A. has a one year low of $20.86 and a one year high of $34.68. The company's fifty day moving average price is $29.81 and its 200 day moving average price is $27.46. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66.

Millicom International Cellular Announces Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th were given a $0.75 dividend. This represents a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, April 8th. Millicom International Cellular's payout ratio is currently 202.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Hsbc Global Res upgraded shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. Scotiabank upped their price target on Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a research note on Friday, February 28th. Morgan Stanley began coverage on Millicom International Cellular in a research note on Wednesday, January 29th. They issued an "equal weight" rating and a $32.00 price objective for the company. Barclays lowered their target price on Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 3rd. Finally, HSBC raised shares of Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 price target for the company in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Millicom International Cellular presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.65.

Millicom International Cellular Profile

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.