Nomura Holdings Inc. Takes $5.60 Million Position in Millicom International Cellular SA $TIGO

Key Points

• Nomura Holdings Inc. acquired 185,012 shares of Millicom International Cellular SA (NASDAQ:TIGO), valued at approximately $5.6 million, representing about 0.11% of the company.
• Several institutional investors have recently increased their stakes in Millicom, with Cerity Partners LLC and Wells Fargo & Company making notable increases of 4.7% and 72.4% respectively.
• Millicom has announced a special dividend of $1.25 per share, with a record date of October 8th, reflecting a significant dividend yield of 620.0%.

Nomura Holdings Inc. acquired a new stake in Millicom International Cellular SA (NASDAQ:TIGO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 185,012 shares of the technology company's stock, valued at approximately $5,600,000. Nomura Holdings Inc. owned 0.11% of Millicom International Cellular at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cerity Partners LLC increased its position in Millicom International Cellular by 4.7% during the first quarter. Cerity Partners LLC now owns 11,208 shares of the technology company's stock worth $339,000 after acquiring an additional 508 shares during the period. State of Wyoming bought a new position in Millicom International Cellular during the fourth quarter worth about $49,000. LB Partners LLC increased its position in Millicom International Cellular by 0.4% during the first quarter. LB Partners LLC now owns 520,923 shares of the technology company's stock worth $15,907,000 after acquiring an additional 2,000 shares during the period. Wells Fargo & Company MN increased its position in Millicom International Cellular by 72.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company's stock worth $122,000 after acquiring an additional 2,055 shares during the period. Finally, Vident Advisory LLC increased its position in Millicom International Cellular by 24.7% during the fourth quarter. Vident Advisory LLC now owns 10,440 shares of the technology company's stock worth $261,000 after acquiring an additional 2,071 shares during the period.

Millicom International Cellular Price Performance

Millicom International Cellular stock traded down $0.76 during trading hours on Friday, reaching $47.15. 1,266,842 shares of the stock were exchanged, compared to its average volume of 1,201,297. The company has a market cap of $8.11 billion, a P/E ratio of 8.32 and a beta of 1.09. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 1.59. Millicom International Cellular SA has a twelve month low of $23.61 and a twelve month high of $50.78. The stock has a 50 day moving average of $42.30 and a two-hundred day moving average of $35.83.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last announced 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 firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. Millicom International Cellular had a return on equity of 10.32% and a net margin of 16.97%. Equities analysts expect that Millicom International Cellular SA will post 1.91 EPS for the current fiscal year.

Millicom International Cellular Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TIGO. JPMorgan Chase & Co. raised their price target on shares of Millicom International Cellular from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of Millicom International Cellular from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 25th. Zacks Research raised shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Scotiabank increased their price objective on shares of Millicom International Cellular from $37.00 to $46.10 and gave the stock a "sector perform" rating in a research note on Tuesday, August 19th. Finally, UBS Group increased their price objective on shares of Millicom International Cellular from $31.50 to $39.50 and gave the stock a "buy" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Millicom International Cellular currently has a consensus rating of "Moderate Buy" and an average price target of $40.43.

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.