Park West Asset Management LLC acquired a new position in Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 246,497 shares of the technology company's stock, valued at approximately $6,165,000. Park West Asset Management LLC owned approximately 0.14% of Millicom International Cellular at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TIGO. Jones Financial Companies Lllp lifted its stake in shares of Millicom International Cellular by 6.4% in the fourth quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company's stock worth $227,000 after acquiring an additional 545 shares in the last quarter. Principal Securities Inc. raised its position 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 purchasing an additional 1,277 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 valued at $3,868,000 after buying an additional 1,500 shares during the last quarter. Blue Trust Inc. grew its position in shares of Millicom International Cellular by 69.5% during the fourth quarter. Blue Trust Inc. now owns 3,767 shares of the technology company's stock worth $102,000 after buying an additional 1,544 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Millicom International Cellular by 72.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company's stock worth $122,000 after buying an additional 2,055 shares during the last quarter.
Millicom International Cellular Stock Performance
TIGO stock traded down $0.69 during midday trading on Thursday, reaching $33.85. The company had a trading volume of 502,088 shares, compared to its average volume of 347,104. The firm has a market capitalization of $5.83 billion, a PE ratio of 36.01 and a beta of 0.90. The stock has a 50 day moving average price of $29.69 and a 200 day moving average price of $27.41. Millicom International Cellular S.A. has a fifty-two week low of $20.86 and a fifty-two week high of $34.68. 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 Announces Dividend
The business also recently disclosed an annual dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th were paid 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 payout ratio is currently 202.70%.
Wall Street Analyst Weigh In
A number of research analysts have commented on TIGO shares. Morgan Stanley started 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 price objective 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 stock an "overweight" rating in a research report on Thursday, April 3rd. HSBC raised Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a report on Wednesday, January 22nd. Hsbc Global Res raised Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. Finally, Barclays lowered 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. 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.65.
Check Out Our Latest Research Report on Millicom International Cellular
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.
Further Reading
Before you consider Millicom International Cellular, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Millicom International Cellular wasn't on the list.
While Millicom International Cellular currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
