Millicom International Cellular S.A. (NASDAQ:TIGO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in Millicom International Cellular S.A. (NASDAQ:TIGO) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,161 shares of the technology company’s stock after selling 4,092 shares during the quarter. Geode Capital Management LLC’s holdings in Millicom International Cellular were worth $4,154,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Millicom International Cellular by 159.7% during the 3rd quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock worth $60,000 after buying an additional 1,367 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Millicom International Cellular during the third quarter valued at approximately $76,000. Point72 Asset Management L.P. bought a new stake in Millicom International Cellular during the third quarter worth approximately $87,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Millicom International Cellular in the third quarter worth approximately $168,000. Finally, AQR Capital Management LLC bought a new position in Millicom International Cellular during the 2nd quarter valued at $215,000.

Millicom International Cellular Stock Down 2.6 %

TIGO stock opened at $24.48 on Monday. The firm has a market cap of $2.49 billion, a PE ratio of 26.04 and a beta of 1.17. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. The firm has a 50 day simple moving average of $25.74 and a 200 day simple moving average of $25.83. Millicom International Cellular S.A. has a 12 month low of $15.55 and a 12 month high of $28.75.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.38). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Millicom International Cellular had a net margin of 2.70% and a return on equity of 4.43%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.03) EPS. Equities research analysts forecast that Millicom International Cellular S.A. will post 1.98 earnings per share for the current fiscal year.

Millicom International Cellular Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, January 3rd will be issued a $1.00 dividend. The ex-dividend date is Friday, January 3rd. Millicom International Cellular’s payout ratio is currently 280.85%.

Wall Street Analyst Weigh In

Separately, Scotiabank raised Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $30.00 to $37.30 in a research note on Friday, September 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.66.

About Millicom International Cellular

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.