D. E. Shaw & Co. Inc. Has $2.58 Million Holdings in Millicom International Cellular S.A. (NASDAQ:TIGO)

D. E. Shaw & Co. Inc. cut its holdings in shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 27.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,258 shares of the technology company's stock after selling 38,276 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.06% of Millicom International Cellular worth $2,582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its stake in Millicom International Cellular by 6.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company's stock valued at $227,000 after purchasing an additional 545 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Millicom International Cellular by 22.2% in 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Millicom International Cellular by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 154,661 shares of the technology company's stock valued at $3,868,000 after acquiring an additional 1,500 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Millicom International Cellular by 69.5% in the 4th quarter. Blue Trust Inc. now owns 3,767 shares of the technology company's stock valued at $102,000 after acquiring an additional 1,544 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays reduced their price target on shares of Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating for the company in a research report on Thursday, April 3rd. UBS Group upped their price target on shares of Millicom International Cellular from $31.50 to $39.50 and gave the company a "buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. upped their price target on shares of Millicom International Cellular from $33.00 to $41.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. Scotiabank upped their price objective on shares of Millicom International Cellular from $37.30 to $37.90 and gave the company a "sector outperform" rating in a research note on Friday, February 28th. Finally, Morgan Stanley assumed coverage on shares of Millicom International Cellular in a research note on Wednesday, January 29th. They issued an "equal weight" rating and a $32.00 price objective on the stock. Two 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.73.

Millicom International Cellular Stock Up 0.2%

Shares of TIGO traded up $0.07 during mid-day trading on Friday, hitting $36.89. 604,919 shares of the company's stock were exchanged, compared to its average volume of 381,509. The firm has a fifty day moving average of $32.01 and a two-hundred day moving average of $28.34. Millicom International Cellular S.A. has a twelve month low of $22.59 and a twelve month high of $37.31. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 39.25 and a beta of 1.03. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.91 by $0.23. Millicom International Cellular had a net margin of 2.70% and a return on equity of 4.43%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business posted $0.54 EPS. Millicom International Cellular's quarterly revenue was down 7.6% on a year-over-year basis. On average, sell-side analysts forecast that Millicom International Cellular S.A. will post 1.91 earnings per share for the current year.

Millicom International Cellular Announces Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a dividend yield of 3.9%. Millicom International Cellular's dividend payout ratio (DPR) is 144.23%.

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.