Aberdeen Group plc Has $521,000 Stock Position in Millicom International Cellular SA $TIGO

Key Points

• Aberdeen Group slashed its stake in Millicom by 98.3% in Q4, selling 529,698 shares and leaving it with 9,390 shares valued at $521,000.
• Analyst sentiment is broadly positive with five Buy, one Hold and one Sell rating giving a consensus of "Moderate Buy" and a $65.64 target, supported by recent upgrades from HSBC and UBS.
• Millicom reported a strong quarter—EPS $1.50 vs. $1.05 expected and revenue $1.65B vs. $1.49B—and announced a quarterly dividend of $0.75 (annual $3.00, ~3.6% yield).

Aberdeen Group plc lowered its holdings in shares of Millicom International Cellular SA (NASDAQ:TIGO - Free Report) by 98.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,390 shares of the technology company's stock after selling 529,698 shares during the period. Aberdeen Group plc's holdings in Millicom International Cellular were worth $521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Millicom International Cellular by 155.4% in the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company's stock valued at $25,000 after purchasing an additional 314 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Millicom International Cellular by 140.8% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the technology company's stock valued at $32,000 after purchasing an additional 335 shares during the period. Archford Capital Strategies LLC raised its stake in shares of Millicom International Cellular by 8.5% during the 4th quarter. Archford Capital Strategies LLC now owns 5,076 shares of the technology company's stock valued at $281,000 after purchasing an additional 398 shares during the period. Blue Trust Inc. grew its position in Millicom International Cellular by 736.2% during the fourth quarter. Blue Trust Inc. now owns 485 shares of the technology company's stock worth $27,000 after buying an additional 427 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Millicom International Cellular by 5.0% in the 1st quarter. AQR Capital Management LLC now owns 9,587 shares of the technology company's stock worth $290,000 after purchasing an additional 453 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. HSBC upgraded Millicom International Cellular from a "hold" rating to a "buy" rating and set a $89.00 price target on the stock in a research report on Friday, March 6th. Wall Street Zen lowered Millicom International Cellular from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 28th. UBS Group upgraded Millicom International Cellular from a "neutral" rating to a "buy" rating and upped their price target for the stock from $49.00 to $70.00 in a research report on Thursday, January 15th. Scotiabank upped their price objective on Millicom International Cellular from $43.00 to $51.20 and gave the stock a "sector underperform" rating in a research note on Monday, March 30th. Finally, Zacks Research upgraded Millicom International Cellular from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Millicom International Cellular presently has an average rating of "Moderate Buy" and a consensus target price of $65.64.

Millicom International Cellular Stock Performance

Shares of TIGO stock opened at $83.03 on Friday. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 10.58 and a beta of 0.87. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.88 and a quick ratio of 0.86. The business has a fifty day moving average of $71.42 and a 200 day moving average of $58.64. Millicom International Cellular SA has a 1 year low of $26.65 and a 1 year high of $84.44.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last issued its earnings results on Thursday, February 26th. The technology company reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.45. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.49 billion. Millicom International Cellular had a return on equity of 17.07% and a net margin of 22.62%.The firm's quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. As a group, research analysts expect that Millicom International Cellular SA will post 1.91 earnings per share for the current year.

Millicom International Cellular Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 8th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, April 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.6%. Millicom International Cellular's dividend payout ratio (DPR) is presently 38.22%.

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.

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