Millicom International Cellular S.A. (NASDAQ:TIGO) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its position in Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 36.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,375 shares of the technology company's stock after selling 38,007 shares during the quarter. Millennium Management LLC's holdings in Millicom International Cellular were worth $1,635,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in Millicom International Cellular by 6.4% during the 4th quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company's stock worth $227,000 after purchasing an additional 545 shares during the period. Principal Securities Inc. increased its holdings in Millicom International Cellular by 22.2% during the 4th quarter. Principal Securities Inc. now owns 7,030 shares of the technology company's stock worth $176,000 after purchasing an additional 1,277 shares during the period. Geode Capital Management LLC increased its holdings in Millicom International Cellular by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 154,661 shares of the technology company's stock worth $3,868,000 after purchasing an additional 1,500 shares during the period. Blue Trust Inc. increased its holdings in Millicom International Cellular by 69.5% during the 4th quarter. Blue Trust Inc. now owns 3,767 shares of the technology company's stock worth $102,000 after purchasing an additional 1,544 shares during the period. Finally, 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 during the period.

Wall Street Analyst Weigh In

TIGO has been the topic of several recent research reports. Scotiabank upped their price target on Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a report on Friday, February 28th. JPMorgan Chase & Co. upped their price target on Millicom International Cellular from $41.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. Barclays cut their price target on Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating on the stock in a report on Thursday, April 3rd. UBS Group increased their price objective on Millicom International Cellular from $31.50 to $39.50 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Wall Street Zen downgraded Millicom International Cellular from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Millicom International Cellular has an average rating of "Moderate Buy" and an average price target of $38.23.

Millicom International Cellular Stock Down 0.1%

Shares of TIGO traded down $0.05 during mid-day trading on Friday, reaching $36.52. The company's stock had a trading volume of 459,960 shares, compared to its average volume of 402,070. Millicom International Cellular S.A. has a 12-month low of $22.59 and a 12-month high of $38.50. The stock has a market cap of $6.28 billion, a PE ratio of 38.85 and a beta of 1.08. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. The company's 50 day moving average is $33.19 and its 200 day moving average is $28.95.

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

Millicom International Cellular Dividend Announcement

The company also recently announced an annual dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th were given a $0.75 dividend. The ex-dividend date was Tuesday, April 8th. This represents a dividend yield of 3.9%. Millicom International Cellular's dividend payout ratio (DPR) is presently 144.23%.

Millicom International Cellular Company 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.