1,090,531 Shares in Millicom International Cellular SA $TIGO Purchased by Tredje AP fonden

Tredje AP fonden purchased a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,090,531 shares of the technology company’s stock, valued at approximately $60,459,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaCore Capital LLC acquired a new stake in Millicom International Cellular during the fourth quarter worth about $307,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Millicom International Cellular by 46,519.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,263,376 shares of the technology company’s stock valued at $70,042,000 after acquiring an additional 1,260,666 shares during the period. Allworth Financial LP grew its holdings in shares of Millicom International Cellular by 1,129.7% in the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after purchasing an additional 418 shares in the last quarter. Bailard Inc. acquired a new position in shares of Millicom International Cellular in the fourth quarter valued at approximately $205,000. Finally, Swiss Life Asset Management Ltd grew its holdings in shares of Millicom International Cellular by 76.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 8,644 shares of the technology company’s stock valued at $479,000 after purchasing an additional 3,738 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts recently issued reports on TIGO shares. Zacks Research upgraded shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. HSBC upgraded shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Friday, March 6th. Morgan Stanley reaffirmed a “positive” rating and issued a $55.00 target price on shares of Millicom International Cellular in a report on Thursday, February 26th. Weiss Ratings raised shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.64.

Millicom International Cellular Price Performance

Millicom International Cellular stock opened at $80.73 on Tuesday. Millicom International Cellular SA has a 52 week low of $35.49 and a 52 week high of $85.26. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33. The firm’s 50-day simple moving average is $78.52 and its 200 day simple moving average is $64.57. The firm has a market capitalization of $13.64 billion, a PE ratio of 10.97 and a beta of 0.93.

Millicom International Cellular (NASDAQ:TIGO) last released its earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. On average, equities research analysts predict that Millicom International Cellular SA will post 3.76 EPS for the current fiscal year.

Millicom International Cellular Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, April 8th. Millicom International Cellular’s dividend payout ratio is 40.76%.

About Millicom International Cellular

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.