Jones Financial Companies Lllp Has $227,000 Holdings in Millicom International Cellular S.A. (NASDAQ:TIGO)

Jones Financial Companies Lllp increased its stake in Millicom International Cellular S.A. (NASDAQ:TIGO) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,075 shares of the technology company’s stock after buying an additional 545 shares during the quarter. Jones Financial Companies Lllp’s holdings in Millicom International Cellular were worth $227,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. National Bank of Canada FI bought a new stake in Millicom International Cellular in the 3rd quarter valued at $76,000. Point72 Asset Management L.P. acquired a new stake in Millicom International Cellular in the third quarter valued at about $87,000. Blue Trust Inc. boosted its stake in Millicom International Cellular by 69.5% in the fourth quarter. Blue Trust Inc. now owns 3,767 shares of the technology company’s stock valued at $102,000 after buying an additional 1,544 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Millicom International Cellular during the third quarter valued at about $168,000. Finally, Principal Securities Inc. boosted its stake in shares of Millicom International Cellular by 22.2% during the fourth quarter. Principal Securities Inc. now owns 7,030 shares of the technology company’s stock valued at $176,000 after purchasing an additional 1,277 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Scotiabank lifted their price target on Millicom International Cellular from $37.30 to $37.90 and gave the company a “sector outperform” rating in a research note on Friday, February 28th. Morgan Stanley assumed coverage on Millicom International Cellular in a research report on Wednesday, January 29th. They set an “equal weight” rating and a $32.00 price objective for the company. 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 report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their target price on Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, Hsbc Global Res upgraded Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Millicom International Cellular presently has an average rating of “Buy” and a consensus price target of $33.98.

Millicom International Cellular Trading Down 1.5 %

NASDAQ TIGO opened at $29.51 on Friday. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 31.39 and a beta of 1.23. Millicom International Cellular S.A. has a 52 week low of $18.49 and a 52 week high of $30.32. The business has a 50 day moving average price of $26.86 and a 200-day moving average price of $26.54. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59.

Millicom International Cellular Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 3.9%. Millicom International Cellular’s payout ratio is 202.70%.

Millicom International Cellular 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.