Millicom International Cellular SA $TIGO Shares Sold by Vest Financial LLC

Vest Financial LLC decreased its holdings in Millicom International Cellular SA (NASDAQ:TIGO) by 24.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,401 shares of the technology company’s stock after selling 21,254 shares during the quarter. Vest Financial LLC’s holdings in Millicom International Cellular were worth $5,699,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TIGO. Cullen Capital Management LLC purchased a new stake in shares of Millicom International Cellular during the 2nd quarter valued at about $71,258,000. Bank of New York Mellon Corp bought a new stake in shares of Millicom International Cellular in the second quarter worth approximately $45,791,000. Public Employees Retirement System of Ohio bought a new stake in shares of Millicom International Cellular in the second quarter worth approximately $33,503,000. Amundi raised its holdings in shares of Millicom International Cellular by 120.8% during the first quarter. Amundi now owns 529,936 shares of the technology company’s stock valued at $39,713,000 after purchasing an additional 289,913 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Millicom International Cellular during the first quarter valued at approximately $18,210,000.

Millicom International Cellular Stock Down 2.0%

TIGO opened at $78.34 on Friday. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of 23.17 and a beta of 0.93. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.51 and a current ratio of 0.53. The firm’s fifty day moving average is $90.07 and its 200 day moving average is $88.96. Millicom International Cellular SA has a fifty-two week low of $44.88 and a fifty-two week high of $107.13.

Millicom International Cellular Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Friday, January 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, January 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.8%. Millicom International Cellular’s dividend payout ratio (DPR) is currently 75.76%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada set a $105.00 price objective on shares of Millicom International Cellular in a research report on Tuesday, August 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $105.00 price objective (up from $100.00) on shares of Millicom International Cellular in a report on Tuesday, August 18th. Weiss Ratings raised shares of Millicom International Cellular from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Scotiabank upped their price target on Millicom International Cellular from $52.40 to $60.10 and gave the stock a “sector underperform” rating in a research report on Friday, August 7th. Finally, UBS Group boosted their price objective on Millicom International Cellular from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.68.

Millicom International Cellular Profile

Millicom International Cellular SA is a telecommunications and digital services company operating under the Tigo brand in Latin America. The company provides mobile voice and data services, fixed broadband, pay television, cable connectivity and other communications services to consumers, businesses and government organizations.

Its consumer offerings include wireless plans, home internet, television and digital entertainment services. Through Tigo Money and related financial technology products, Millicom also provides mobile money, digital payments and other financial services in selected markets.