Southeastern Asset Management Inc. TN Invests $60.31 Million in Millicom International Cellular S.A. (NASDAQ:TIGO)

Southeastern Asset Management Inc. TN acquired a new position in Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,411,257 shares of the technology company's stock, valued at approximately $60,306,000. Millicom International Cellular comprises about 2.8% of Southeastern Asset Management Inc. TN's investment portfolio, making the stock its 14th largest holding. Southeastern Asset Management Inc. TN owned approximately 1.40% of Millicom International Cellular as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Perpetual Ltd bought a new stake in Millicom International Cellular in the fourth quarter worth about $1,587,000. Brandes Investment Partners LP raised its stake 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 acquiring an additional 68,061 shares in the last quarter. Assetmark Inc. raised its stake in shares of Millicom International Cellular by 4,044.9% during the fourth quarter. Assetmark Inc. now owns 27,481 shares of the technology company's stock valued at $687,000 after acquiring an additional 26,818 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Millicom International Cellular by 47.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 159,667 shares of the technology company's stock valued at $3,993,000 after acquiring an additional 51,620 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of Millicom International Cellular during the fourth quarter valued at approximately $474,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Hsbc Global Res raised shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Scotiabank lifted their price target on shares of Millicom International Cellular from $37.30 to $37.90 and gave the company a "sector outperform" rating in a research note on Friday, February 28th. UBS Group lifted their price target on shares of Millicom International Cellular from $31.50 to $39.50 and gave the company a "buy" rating in a research note on Friday. HSBC raised shares of Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 price target for the company in a research note on Wednesday, January 22nd. Finally, Barclays reduced their price objective on shares of Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating for the company in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.73.

Millicom International Cellular Stock Up 2.2%

NASDAQ:TIGO traded up $0.79 during trading hours on Monday, reaching $36.85. The company's stock had a trading volume of 778,291 shares, compared to its average volume of 374,730. The company has a market capitalization of $6.34 billion, a P/E ratio of 39.20 and a beta of 1.03. Millicom International Cellular S.A. has a 12 month low of $22.59 and a 12 month high of $36.86. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66. The stock has a 50 day moving average price of $31.36 and a two-hundred day moving average price of $27.99.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping 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 quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. Equities analysts predict that Millicom International Cellular S.A. will post 1.91 EPS for the current fiscal year.

Millicom International Cellular Announces Dividend

The firm also recently declared 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 payout ratio is presently 144.23%.

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.