Assetmark Inc. increased its position in Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 4,044.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,481 shares of the technology company's stock after purchasing an additional 26,818 shares during the period. Assetmark Inc.'s holdings in Millicom International Cellular were worth $687,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. LB Partners LLC grew its holdings in Millicom International Cellular by 1.4% during the fourth quarter. LB Partners LLC now owns 518,923 shares of the technology company's stock worth $12,978,000 after buying an additional 7,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Millicom International Cellular by 47.8% in 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 purchasing an additional 51,620 shares during the last quarter. Perpetual Ltd bought a new position in shares of Millicom International Cellular during the fourth quarter valued at about $1,587,000. Tidal Investments LLC purchased a new position in Millicom International Cellular during the third quarter worth about $602,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Millicom International Cellular in the 3rd quarter worth about $508,000.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on TIGO. Hsbc Global Res upgraded Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Scotiabank boosted their price objective on Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on Millicom International Cellular from $36.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Morgan Stanley started coverage on shares of Millicom International Cellular in a research report on Wednesday, January 29th. They issued an "equal weight" rating and a $32.00 price target on the stock. Finally, HSBC upgraded shares of Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $33.98.
Get Our Latest Stock Report on TIGO
Millicom International Cellular Price Performance
Shares of TIGO stock traded down $0.46 during trading on Thursday, hitting $29.51. The company had a trading volume of 1,325,998 shares, compared to its average volume of 190,761. The stock's 50-day moving average is $26.77 and its two-hundred day moving average is $26.52. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 31.39 and a beta of 1.23. 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 S.A. has a 52 week low of $18.49 and a 52 week high of $30.32.
Millicom International Cellular Announces Dividend
The company also recently disclosed an annual dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th will be given 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%.
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.
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