Principal Securities Inc. Has $176,000 Stake in Millicom International Cellular S.A. (NASDAQ:TIGO)

Principal Securities Inc. raised its stake in Millicom International Cellular S.A. (NASDAQ:TIGO) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,030 shares of the technology company’s stock after acquiring an additional 1,277 shares during the period. Principal Securities Inc.’s holdings in Millicom International Cellular were worth $176,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TIGO. MML Investors Services LLC boosted its position in Millicom International Cellular by 5.3% in the third quarter. MML Investors Services LLC now owns 14,815 shares of the technology company’s stock valued at $402,000 after buying an additional 750 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Millicom International Cellular by 159.7% during the third quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock worth $60,000 after purchasing an additional 1,367 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Millicom International Cellular during the third quarter worth $76,000. Point72 Asset Management L.P. bought a new position in shares of Millicom International Cellular in the third quarter valued at about $87,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Millicom International Cellular in the third quarter valued at about $168,000.

Millicom International Cellular Stock Up 1.9 %

Shares of NASDAQ TIGO opened at $27.41 on Tuesday. The firm has a 50 day moving average price of $26.01 and a 200 day moving average price of $26.35. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66. The stock has a market cap of $4.72 billion, a P/E ratio of 29.16 and a beta of 1.18. Millicom International Cellular S.A. has a 52-week low of $15.55 and a 52-week high of $28.75.

Millicom International Cellular Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 3rd were given a $1.00 dividend. The ex-dividend date was Friday, January 3rd. Millicom International Cellular’s dividend payout ratio is currently 106.38%.

Wall Street Analyst Weigh In

TIGO has been the subject of a number of research reports. Hsbc Global Res raised shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. HSBC upgraded Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their target price on shares of 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. Finally, Morgan Stanley started coverage on shares of Millicom International Cellular in a research note on Wednesday, January 29th. They set an “equal weight” rating and a $32.00 price target for the company. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $32.22.

Millicom International Cellular Company Profile

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.