Segall Bryant & Hamill LLC acquired a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 97,277 shares of the technology company's stock, valued at approximately $2,945,000. Segall Bryant & Hamill LLC owned approximately 0.06% of Millicom International Cellular as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. acquired a new stake in Millicom International Cellular during the first quarter valued at $22,999,000. Cerity Partners LLC grew its position in Millicom International Cellular by 4.7% during the first quarter. Cerity Partners LLC now owns 11,208 shares of the technology company's stock valued at $339,000 after buying an additional 508 shares during the period. Envestnet Asset Management Inc. grew its position in Millicom International Cellular by 26.8% during the first quarter. Envestnet Asset Management Inc. now owns 133,732 shares of the technology company's stock valued at $4,048,000 after buying an additional 28,284 shares during the period. LB Partners LLC grew its position in Millicom International Cellular by 0.4% during the first quarter. LB Partners LLC now owns 520,923 shares of the technology company's stock valued at $15,907,000 after buying an additional 2,000 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Millicom International Cellular during the first quarter valued at $1,130,000.
Analysts Set New Price Targets
TIGO has been the topic of several research reports. Scotiabank downgraded shares of Millicom International Cellular from a "sector outperform" rating to a "sector perform" rating and set a $37.00 price target on the stock. in a research note on Tuesday, June 17th. JPMorgan Chase & Co. raised their price target on shares of Millicom International Cellular from $41.00 to $50.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. Barclays decreased their price target on shares of Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 3rd. Wall Street Zen downgraded shares of Millicom International Cellular from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Finally, UBS Group lifted their target price on shares of Millicom International Cellular from $31.50 to $39.50 and gave the stock a "buy" rating in a research note on Friday, May 16th. Three investment 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.08.
Check Out Our Latest Analysis on Millicom International Cellular
Millicom International Cellular Stock Performance
Millicom International Cellular stock traded up $0.50 during trading hours on Tuesday, reaching $41.30. 1,403,841 shares of the stock were exchanged, compared to its average volume of 531,288. The firm's 50 day moving average is $37.17 and its 200 day moving average is $31.77. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.74 and a current ratio of 0.76. The stock has a market cap of $7.11 billion, a P/E ratio of 19.86 and a beta of 1.06. Millicom International Cellular SA has a 52-week low of $23.61 and a 52-week high of $41.45.
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 6.20% and a return on equity of 10.02%. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same period last year, the company earned $0.54 EPS. The firm's revenue for the quarter was down 7.6% compared to the same quarter last year. Analysts predict that Millicom International Cellular SA will post 1.91 EPS for the current fiscal year.
Millicom International Cellular Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $3.00 annualized dividend and a yield of 7.26%. Millicom International Cellular's dividend payout ratio is currently 144.23%.
About Millicom International Cellular
(
Free Report)
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.
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