Charles Schwab Investment Management Inc. Purchases 51,620 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

Charles Schwab Investment Management Inc. lifted its holdings in Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 47.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,667 shares of the technology company's stock after purchasing an additional 51,620 shares during the period. Charles Schwab Investment Management Inc. owned 0.09% of Millicom International Cellular worth $3,993,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. LB Partners LLC boosted its stake in shares of Millicom International Cellular by 1.4% during the 4th quarter. LB Partners LLC now owns 518,923 shares of the technology company's stock worth $12,978,000 after acquiring an additional 7,000 shares in the last quarter. Perpetual Ltd bought a new stake in Millicom International Cellular during the fourth quarter worth approximately $1,587,000. Tidal Investments LLC acquired a new position in Millicom International Cellular during the third quarter valued at approximately $602,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Millicom International Cellular during the 3rd quarter worth $508,000. Finally, XTX Topco Ltd acquired a new position in Millicom International Cellular in the 3rd quarter valued at $427,000.

Millicom International Cellular Price Performance

Shares of TIGO traded down $0.18 during mid-day trading on Friday, hitting $30.20. 1,151,487 shares of the company traded hands, compared to its average volume of 239,610. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. The business has a 50-day moving average of $27.98 and a 200 day moving average of $26.85. Millicom International Cellular S.A. has a one year low of $19.50 and a one year high of $31.63. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 32.13 and a beta of 1.23.

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Millicom International Cellular Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TIGO shares. JPMorgan Chase & Co. decreased their price target on shares of Millicom International Cellular from $36.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. HSBC upgraded shares of Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 price objective on the stock in a research note on Wednesday, January 22nd. Morgan Stanley started coverage on Millicom International Cellular in a research report on Wednesday, January 29th. They issued an "equal weight" rating and a $32.00 price objective for the company. Hsbc Global Res raised shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Finally, Scotiabank boosted their price target 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. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $33.98.

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.