Point72 Asset Management L.P. Has $418,000 Stock Holdings in Millicom International Cellular S.A. (NASDAQ:TIGO)

Point72 Asset Management L.P. raised its stake in Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 422.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 16,704 shares of the technology company's stock after buying an additional 13,504 shares during the quarter. Point72 Asset Management L.P.'s holdings in Millicom International Cellular were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TIGO. Park West Asset Management LLC acquired a new position in shares of Millicom International Cellular during the fourth quarter valued at $6,165,000. Brandes Investment Partners LP grew its holdings in Millicom International Cellular by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 4,574,255 shares of the technology company's stock worth $114,402,000 after acquiring an additional 68,061 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Millicom International Cellular by 47.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 159,667 shares of the technology company's stock worth $3,993,000 after purchasing an additional 51,620 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Millicom International Cellular by 37.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 108,680 shares of the technology company's stock worth $2,720,000 after purchasing an additional 29,730 shares in the last quarter. Finally, Assetmark Inc. boosted its position in Millicom International Cellular by 4,044.9% during the 4th quarter. Assetmark Inc. now owns 27,481 shares of the technology company's stock worth $687,000 after acquiring an additional 26,818 shares during the period.

Millicom International Cellular Stock Performance

NASDAQ TIGO traded down $0.65 during trading on Tuesday, hitting $36.24. The company's stock had a trading volume of 1,113,306 shares, compared to its average volume of 384,437. The firm has a market cap of $6.24 billion, a P/E ratio of 38.55 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 S.A. has a 52 week low of $22.59 and a 52 week high of $38.64. The firm has a 50 day moving average price of $32.12 and a 200 day moving average price of $28.41.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $1.14 earnings per share (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 analysts' expectations of $1.45 billion. Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. Millicom International Cellular's quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. Equities research analysts forecast that Millicom International Cellular S.A. will post 1.91 earnings per share for the current fiscal year.

Millicom International Cellular Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TIGO shares. Scotiabank raised their price objective on Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. raised their price objective on Millicom International Cellular from $41.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday. Morgan Stanley started coverage on Millicom International Cellular in a report on Wednesday, January 29th. They set an "equal weight" rating and a $32.00 price target for the company. Barclays reduced their price target on 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. Finally, UBS Group lifted their price target on Millicom International Cellular from $31.50 to $39.50 and gave the company a "buy" rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.