Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 25,713 Shares of Millicom International Cellular SA $TIGO

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 22.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,013 shares of the technology company’s stock after acquiring an additional 25,713 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Millicom International Cellular were worth $7,873,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TIGO. JPMorgan Chase & Co. increased its position in shares of Millicom International Cellular by 348.9% during the third quarter. JPMorgan Chase & Co. now owns 6,459,716 shares of the technology company’s stock worth $313,555,000 after acquiring an additional 5,020,602 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Millicom International Cellular during the first quarter worth $50,664,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Millicom International Cellular by 46,519.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,263,376 shares of the technology company’s stock worth $70,042,000 after acquiring an additional 1,260,666 shares in the last quarter. Tredje AP fonden bought a new stake in shares of Millicom International Cellular during the fourth quarter worth $60,459,000. Finally, State Street Corp increased its position in shares of Millicom International Cellular by 129.2% during the second quarter. State Street Corp now owns 1,820,070 shares of the technology company’s stock worth $68,198,000 after acquiring an additional 1,026,063 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on TIGO. Scotiabank raised their target price on shares of Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. UBS Group downgraded shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research report on Tuesday, May 26th. JPMorgan Chase & Co. raised their target price on shares of Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Finally, HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Millicom International Cellular currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.28.

Millicom International Cellular Stock Up 3.6%

Millicom International Cellular stock opened at $88.88 on Wednesday. The company has a market cap of $15.02 billion, a P/E ratio of 12.08 and a beta of 0.91. Millicom International Cellular SA has a 1-year low of $35.62 and a 1-year high of $89.48. The company has a fifty day simple moving average of $81.06 and a 200 day simple moving average of $67.20. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.33.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. Research analysts anticipate that Millicom International Cellular SA will post 2.34 earnings per share for the current fiscal year.

Millicom International Cellular Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders 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 3.4%. Millicom International Cellular’s dividend payout ratio (DPR) is currently 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.