Vest Financial LLC Boosts Stock Position in Millicom International Cellular SA $TIGO

Vest Financial LLC increased its stake in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 38.3% in the fourth quarter, HoldingsChannel reports. The firm owned 56,676 shares of the technology company’s stock after buying an additional 15,707 shares during the quarter. Vest Financial LLC’s holdings in Millicom International Cellular were worth $3,142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TIGO. Royal Bank of Canada increased its position in Millicom International Cellular by 48.1% during the 1st quarter. Royal Bank of Canada now owns 46,183 shares of the technology company’s stock worth $1,398,000 after purchasing an additional 14,990 shares in the last quarter. AQR Capital Management LLC increased its position in Millicom International Cellular by 5.0% during the 1st quarter. AQR Capital Management LLC now owns 9,587 shares of the technology company’s stock worth $290,000 after purchasing an additional 453 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Millicom International Cellular during the 1st quarter worth about $2,188,000. Goldman Sachs Group Inc. purchased a new stake in Millicom International Cellular during the 1st quarter worth about $50,664,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Millicom International Cellular during the 1st quarter worth about $8,504,000.

Analysts Set New Price Targets

Several research firms have commented on TIGO. Scotiabank lifted their price target on Millicom International Cellular from $43.00 to $51.20 and gave the company a “sector underperform” rating in a report on Monday, March 30th. UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and lifted their price target for the company from $49.00 to $70.00 in a report on Thursday, January 15th. HSBC upgraded Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Friday, March 6th. Wall Street Zen cut Millicom International Cellular from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Millicom International Cellular in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Millicom International Cellular presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.64.

Millicom International Cellular Stock Performance

NASDAQ TIGO opened at $82.22 on Thursday. The firm has a market capitalization of $13.90 billion, a P/E ratio of 10.47 and a beta of 0.87. Millicom International Cellular SA has a 1-year low of $30.26 and a 1-year high of $85.05. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.88 and a quick ratio of 0.86. The business’s 50-day simple moving average is $75.92 and its 200-day simple moving average is $61.83.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings data on Thursday, February 26th. The technology company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.45. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.49 billion. Millicom International Cellular had a return on equity of 17.07% and a net margin of 22.62%.The company’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. Equities analysts predict that Millicom International Cellular SA will post 3.23 EPS for the current year.

Millicom International Cellular Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 8th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, April 8th. Millicom International Cellular’s payout ratio is currently 38.22%.

Millicom International Cellular 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.