Swedbank AB Sells 381,631 Shares of Millicom International Cellular SA $TIGO

Swedbank AB lowered its position in Millicom International Cellular SA (NASDAQ:TIGO) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,014,033 shares of the technology company’s stock after selling 381,631 shares during the quarter. Swedbank AB owned approximately 1.17% of Millicom International Cellular worth $111,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TIGO. Allworth Financial LP boosted its position in Millicom International Cellular by 1,129.7% during the 4th quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after acquiring an additional 418 shares in the last quarter. Blue Trust Inc. boosted its position in Millicom International Cellular by 736.2% during the 4th quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock valued at $27,000 after acquiring an additional 427 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Millicom International Cellular by 155.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after acquiring an additional 314 shares in the last quarter. Spire Wealth Management bought a new stake in Millicom International Cellular during the 4th quarter valued at $29,000. Finally, GAMMA Investing LLC boosted its position in Millicom International Cellular by 140.8% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock valued at $32,000 after acquiring an additional 335 shares in the last quarter.

Analysts Set New Price Targets

TIGO has been the topic of several recent research reports. Scotiabank increased their target price on Millicom International Cellular from $43.00 to $51.20 and gave the company a “sector underperform” rating in a research report on Monday, March 30th. HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Friday, March 6th. Morgan Stanley reaffirmed a “positive” rating and set a $55.00 target price on shares of Millicom International Cellular in a research report on Thursday, February 26th. JPMorgan Chase & Co. increased their price objective on Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Wall Street Zen lowered Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.04.

Millicom International Cellular Stock Performance

Shares of TIGO opened at $85.84 on Friday. Millicom International Cellular SA has a 12 month low of $35.49 and a 12 month high of $86.93. The stock has a fifty day moving average price of $79.61 and a 200-day moving average price of $65.50. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.33. The firm has a market cap of $14.51 billion, a PE ratio of 11.66 and a beta of 0.93.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%.The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Equities research analysts predict that Millicom International Cellular SA will post 3.27 earnings per share 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. Investors of record on Thursday, April 8th will be paid a $0.75 dividend. The ex-dividend date is Thursday, April 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.5%. Millicom International Cellular’s dividend payout ratio (DPR) is 40.76%.

Millicom International Cellular Company Profile

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.