Blue Trust Inc. Grows Holdings in Millicom International Cellular S.A. (NASDAQ:TIGO)

Blue Trust Inc. boosted its position in shares of Millicom International Cellular S.A. (NASDAQ:TIGO) by 69.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,767 shares of the technology company’s stock after acquiring an additional 1,544 shares during the period. Blue Trust Inc.’s holdings in Millicom International Cellular were worth $102,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in Millicom International Cellular during the third quarter valued at about $76,000. Point72 Asset Management L.P. purchased a new stake in shares of Millicom International Cellular during the third quarter worth about $87,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Millicom International Cellular during the 3rd quarter valued at approximately $168,000. AQR Capital Management LLC purchased a new position in Millicom International Cellular in the 2nd quarter worth approximately $215,000. Finally, CWA Asset Management Group LLC bought a new position in Millicom International Cellular in the 4th quarter worth approximately $229,000.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TIGO. Morgan Stanley assumed coverage on shares of Millicom International Cellular in a research report on Wednesday, January 29th. They set an “equal weight” rating and a $32.00 price objective on the stock. HSBC upgraded shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Wednesday, January 22nd. Hsbc Global Res upgraded Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $32.22.

Millicom International Cellular Stock Down 0.5 %

Shares of TIGO opened at $26.73 on Friday. The firm has a fifty day moving average price of $25.59 and a 200-day moving average price of $26.16. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $4.60 billion, a P/E ratio of 28.44 and a beta of 1.18. 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 issued its earnings results on Thursday, November 7th. The technology company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.38). Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company earned ($0.03) earnings per share. Millicom International Cellular’s revenue was up .5% on a year-over-year basis. Equities research analysts expect that Millicom International Cellular S.A. will post 1.91 earnings per share for the current year.

Millicom International Cellular Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 3rd were given a dividend of $1.00 per share. The ex-dividend date was Friday, January 3rd. Millicom International Cellular’s dividend payout ratio (DPR) is presently 106.38%.

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.