Brand Asset Management Group Inc. Acquires New Holdings in Millicom International Cellular SA $TIGO

Brand Asset Management Group Inc. acquired a new stake in Millicom International Cellular SA (NASDAQ:TIGO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,463 shares of the technology company’s stock, valued at approximately $358,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Millicom International Cellular by 348.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,459,716 shares of the technology company’s stock valued at $313,555,000 after purchasing an additional 5,020,602 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Millicom International Cellular by 15.0% during the third quarter. William Blair Investment Management LLC now owns 128,350 shares of the technology company’s stock valued at $6,230,000 after acquiring an additional 16,695 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Millicom International Cellular by 4.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 413,983 shares of the technology company’s stock valued at $22,951,000 after acquiring an additional 16,126 shares during the last quarter. Assetmark Inc. raised its stake in shares of Millicom International Cellular by 31.1% during the fourth quarter. Assetmark Inc. now owns 85,059 shares of the technology company’s stock valued at $4,716,000 after acquiring an additional 20,194 shares during the last quarter. Finally, Mirabella Financial Services LLP bought a new position in shares of Millicom International Cellular during the third quarter valued at $1,539,000.

Insider Buying and Selling at Millicom International Cellular

In other news, insider Salvador Escalon sold 49,288 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $88.51, for a total transaction of $4,362,480.88. Following the completion of the sale, the insider directly owned 165,344 shares in the company, valued at $14,634,597.44. This represents a 22.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Millicom International Cellular Trading Up 4.4%

TIGO opened at $87.36 on Wednesday. Millicom International Cellular SA has a twelve month low of $35.62 and a twelve month high of $89.49. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33. The company has a fifty day moving average of $82.43 and a 200-day moving average of $68.62. The stock has a market cap of $14.76 billion, a PE ratio of 11.87 and a beta of 0.91.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. On average, sell-side analysts predict that Millicom International Cellular SA will post 2.34 EPS for the current year.

Millicom International Cellular Dividend Announcement

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 given a dividend of $0.75 per share. The ex-dividend date is Thursday, April 8th. This represents a $3.00 annualized dividend and a dividend yield of 3.4%. Millicom International Cellular’s dividend payout ratio is 40.76%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TIGO shares. Wall Street Zen downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Scotiabank raised their price target on shares of Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a research note on Wednesday, May 27th. HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Friday, March 6th. UBS Group downgraded shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a research note on Tuesday, May 26th. Finally, Zacks Research raised shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.28.

About Millicom International Cellular

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.