Price T Rowe Associates Inc. MD Grows Stock Holdings in Millicom International Cellular S.A. (NASDAQ:TIGO)

Price T Rowe Associates Inc. MD lifted its stake in shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 37.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,680 shares of the technology company's stock after buying an additional 29,730 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.06% of Millicom International Cellular worth $2,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TIGO. Brandes Investment Partners LP lifted its holdings in shares of 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 valued at $114,402,000 after purchasing an additional 68,061 shares during the last quarter. Perpetual Ltd purchased a new position in shares of Millicom International Cellular in the 4th quarter worth about $1,587,000. Assetmark Inc. boosted its stake in Millicom International Cellular by 4,044.9% in the 4th quarter. Assetmark Inc. now owns 27,481 shares of the technology company's stock worth $687,000 after purchasing an additional 26,818 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Millicom International Cellular by 47.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 159,667 shares of the technology company's stock valued at $3,993,000 after purchasing an additional 51,620 shares during the last quarter. Finally, Magnetar Financial LLC bought a new stake in Millicom International Cellular during the 4th quarter valued at about $474,000.

Millicom International Cellular Stock Performance

Shares of Millicom International Cellular stock traded up $0.43 during trading hours on Friday, reaching $34.69. 983,345 shares of the stock traded hands, compared to its average volume of 361,004. Millicom International Cellular S.A. has a one year low of $22.43 and a one year high of $35.47. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 36.90 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. The company has a 50 day moving average price of $30.67 and a 200 day moving average price of $27.73.

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

Millicom International Cellular Announces Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, April 8th. This represents a yield of 3.9%. Millicom International Cellular's dividend payout ratio (DPR) is presently 202.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Millicom International Cellular from $33.00 to $41.00 and gave the company an "overweight" rating in a report on Thursday, April 3rd. Hsbc Global Res raised Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. Barclays lowered 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. Scotiabank lifted their price objective 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. Finally, Morgan Stanley assumed coverage on shares of Millicom International Cellular in a research note on Wednesday, January 29th. They set an "equal weight" rating and a $32.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.65.

About Millicom International Cellular

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.