Invesco Ltd. Makes New $331,000 Investment in Millicom International Cellular SA $TIGO

Key Points

• Invesco Ltd. has newly acquired 10,936 shares of Millicom International Cellular SA, valued at approximately $331,000, indicating growing interest in the company by institutional investors.
• Millicom announced a special dividend of $1.25 per share, with a yield of 620.0%, attracting attention from investors before the ex-dividend date on October 8th.
• The company's latest quarterly earnings revealed an EPS of $0.51, missing expectations, with total revenue of $1.37 billion, below the estimated $1.40 billion.

Invesco Ltd. purchased a new stake in shares of Millicom International Cellular SA (NASDAQ:TIGO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,936 shares of the technology company's stock, valued at approximately $331,000.

A number of other large investors have also recently made changes to their positions in TIGO. State of Wyoming bought a new stake in shares of Millicom International Cellular during the fourth quarter worth about $49,000. Wells Fargo & Company MN increased its holdings in Millicom International Cellular by 72.4% during the 4th quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company's stock worth $122,000 after purchasing an additional 2,055 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Millicom International Cellular by 65.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,284 shares of the technology company's stock worth $190,000 after purchasing an additional 2,489 shares during the last quarter. EWA LLC bought a new position in shares of Millicom International Cellular in the first quarter valued at approximately $201,000. Finally, Spinnaker Trust purchased a new position in shares of Millicom International Cellular during the first quarter valued at approximately $212,000.

Millicom International Cellular Stock Performance

Shares of NASDAQ TIGO traded down $0.81 during mid-day trading on Thursday, reaching $47.16. 1,107,814 shares of the company's stock were exchanged, compared to its average volume of 1,111,652. The firm has a 50-day moving average price of $43.07 and a two-hundred day moving average price of $36.40. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.89 and a quick ratio of 0.87. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 8.32 and a beta of 1.09. Millicom International Cellular SA has a 52 week low of $23.61 and a 52 week high of $50.78.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.03). The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.40 billion. Millicom International Cellular had a return on equity of 10.32% and a net margin of 16.97%. Analysts predict that Millicom International Cellular SA will post 1.91 EPS for the current year.

Millicom International Cellular Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 8th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, October 8th. This represents a yield of 620.0%. Millicom International Cellular's dividend payout ratio is presently 52.91%.

Analyst Ratings Changes

A number of research firms recently commented on TIGO. Scotiabank increased their price target on Millicom International Cellular from $37.00 to $46.10 and gave the company a "sector perform" rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. upped their target price on shares of Millicom International Cellular from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. UBS Group downgraded shares of Millicom International Cellular from a "buy" rating to a "neutral" rating and increased their target price for the company from $39.50 to $49.00 in a report on Thursday. Zacks Research upgraded shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. Finally, Wall Street Zen upgraded shares of Millicom International Cellular from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.02.

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.