Millennium Management LLC Cuts Stake in Millicom International Cellular S.A. (NASDAQ:TIGO)

Millennium Management LLC lessened its holdings in Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 36.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 65,375 shares of the technology company's stock after selling 38,007 shares during the period. Millennium Management LLC's holdings in Millicom International Cellular were worth $1,635,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Jones Financial Companies Lllp grew its position in shares of 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 in the last quarter. Principal Securities Inc. lifted its holdings 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 during the last quarter. Geode Capital Management LLC lifted its holdings 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 during the last quarter. Blue Trust Inc. lifted its holdings 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 during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings 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 during the last quarter.

Millicom International Cellular Trading Down 0.3%

NASDAQ TIGO traded down $0.10 during trading on Wednesday, hitting $36.63. The stock had a trading volume of 380,555 shares, compared to its average volume of 397,790. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 38.97 and a beta of 1.03. Millicom International Cellular S.A. has a one year low of $22.59 and a one year high of $38.50. The stock has a 50 day simple moving average of $32.94 and a 200 day simple moving average of $28.82.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $1.14 earnings per share (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 business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company earned $0.54 earnings per share. The business's revenue for the quarter was down 7.6% on a year-over-year basis. Sell-side analysts predict that Millicom International Cellular S.A. will post 1.91 earnings per share for the current year.

Millicom International Cellular Dividend Announcement

The company also recently declared an annual dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th were issued a $0.75 dividend. This represents a yield of 3.9%. The ex-dividend date was Tuesday, April 8th. Millicom International Cellular's dividend payout ratio is currently 144.23%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays lowered 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 report on Thursday, April 3rd. UBS Group increased their price target on shares of Millicom International Cellular from $31.50 to $39.50 and gave the company a "buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. increased their price target on shares of Millicom International Cellular from $41.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. Scotiabank increased their price target on shares of Millicom International Cellular from $37.30 to $37.90 and gave the company a "sector outperform" rating in a report on Friday, February 28th. Finally, Wall Street Zen downgraded shares of Millicom International Cellular from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $38.23.

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.