63,450 Shares in Millicom International Cellular S.A. (NASDAQ:TIGO) Acquired by Perpetual Ltd

Perpetual Ltd acquired a new stake in shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 63,450 shares of the technology company's stock, valued at approximately $1,587,000.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Millicom International Cellular by 159.7% during the third quarter. Blue Trust Inc. now owns 2,223 shares of the technology company's stock worth $60,000 after acquiring an additional 1,367 shares in the last quarter. National Bank of Canada FI purchased a new stake in Millicom International Cellular during the third quarter valued at about $76,000. Point72 Asset Management L.P. purchased a new position in shares of Millicom International Cellular in the third quarter worth about $87,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Millicom International Cellular in the 3rd quarter valued at about $168,000. Finally, AQR Capital Management LLC purchased a new stake in Millicom International Cellular during the 2nd quarter valued at about $215,000.

Millicom International Cellular Stock Up 1.2 %

Shares of Millicom International Cellular stock traded up $0.33 during trading on Wednesday, hitting $27.78. The company's stock had a trading volume of 611,562 shares, compared to its average volume of 371,897. Millicom International Cellular S.A. has a 52 week low of $15.55 and a 52 week high of $28.75. 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 company has a fifty day simple moving average of $25.36 and a two-hundred day simple moving average of $25.99. The company has a market capitalization of $4.78 billion, a PE ratio of 29.55 and a beta of 1.17.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last released its earnings results on Thursday, November 7th. The technology company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.38). Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same period in the prior year, the company posted ($0.03) earnings per share. The company's revenue was up .5% on a year-over-year basis. Equities research analysts predict that Millicom International Cellular S.A. will post 2.05 earnings per share for the current year.

Millicom International Cellular Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 3rd were paid a $1.00 dividend. The ex-dividend date was Friday, January 3rd. Millicom International Cellular's dividend payout ratio is presently 106.38%.

Analysts Set New Price Targets

TIGO has been the subject of several analyst reports. JPMorgan Chase & Co. dropped 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 research report on Thursday, January 16th. HSBC raised Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 target price on the stock in a research note on Wednesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Millicom International Cellular presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.26.

Millicom International Cellular Company 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.