Brandes Investment Partners LP increased its position in Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,574,255 shares of the technology company's stock after purchasing an additional 68,061 shares during the quarter. Millicom International Cellular makes up 1.3% of Brandes Investment Partners LP's portfolio, making the stock its 27th largest holding. Brandes Investment Partners LP owned approximately 2.66% of Millicom International Cellular worth $114,402,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. lifted its position in Millicom International Cellular by 4,044.9% in the fourth quarter. Assetmark Inc. now owns 27,481 shares of the technology company's stock worth $687,000 after purchasing an additional 26,818 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 during the period. Jones Financial Companies Lllp lifted its holdings in shares of Millicom International Cellular by 6.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company's stock valued at $227,000 after acquiring an additional 545 shares during the period. Principal Securities Inc. lifted its holdings in shares of Millicom International Cellular by 22.2% during the fourth quarter. Principal Securities Inc. now owns 7,030 shares of the technology company's stock valued at $176,000 after acquiring an additional 1,277 shares during the period. Finally, LB Partners LLC lifted its holdings in shares of Millicom International Cellular by 1.4% during the fourth quarter. LB Partners LLC now owns 518,923 shares of the technology company's stock valued at $12,978,000 after acquiring an additional 7,000 shares during the period.
Millicom International Cellular Price Performance
Shares of NASDAQ:TIGO traded up $0.09 during midday trading on Wednesday, reaching $31.22. The company's stock had a trading volume of 912,344 shares, compared to its average volume of 206,917. The business's fifty day simple moving average is $27.21 and its 200-day simple moving average is $26.63. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. The company has a market capitalization of $5.37 billion, a P/E ratio of 33.21 and a beta of 1.23. Millicom International Cellular S.A. has a fifty-two week low of $19.03 and a fifty-two week high of $31.62.
Millicom International Cellular Dividend Announcement
The company also recently disclosed an annual dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th will be given a $0.75 dividend. The ex-dividend date is Tuesday, April 8th. This represents a yield of 3.9%. Millicom International Cellular's payout ratio is 202.70%.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Hsbc Global Res raised Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price objective on Millicom International Cellular from $36.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Morgan Stanley initiated coverage on Millicom International Cellular in a report on Wednesday, January 29th. They set an "equal weight" rating and a $32.00 price objective for the company. Scotiabank raised their target price on 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. Finally, HSBC upgraded Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 target price for the company in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $33.98.
Read Our Latest Research Report on TIGO
Millicom International Cellular Profile
(
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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