Precision Wealth Strategies LLC Sells 8,580 Shares of Millicom International Cellular SA $TIGO

Precision Wealth Strategies LLC decreased its position in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 45.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,164 shares of the technology company’s stock after selling 8,580 shares during the period. Precision Wealth Strategies LLC’s holdings in Millicom International Cellular were worth $762,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of Millicom International Cellular by 1,129.7% in the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after acquiring an additional 418 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in Millicom International Cellular in the 4th quarter worth about $26,000. Blue Trust Inc. raised its stake in Millicom International Cellular by 736.2% in the 4th quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock worth $27,000 after purchasing an additional 427 shares in the last quarter. Spire Wealth Management bought a new stake in Millicom International Cellular in the 4th quarter valued at about $29,000. Finally, GAMMA Investing LLC boosted its holdings in Millicom International Cellular by 140.8% in the 4th quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock valued at $32,000 after purchasing an additional 335 shares during the period.

Insider Transactions at Millicom International Cellular

In related news, insider Salvador Escalon sold 49,288 shares of Millicom International Cellular stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $88.51, for a total value of $4,362,480.88. Following the transaction, the insider directly owned 165,344 shares of the company’s stock, valued at $14,634,597.44. This trade represents a 22.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 50,140 shares of company stock valued at $4,425,461 over the last quarter. Company insiders own 0.52% of the company’s stock.

Millicom International Cellular Trading Up 2.9%

TIGO opened at $98.34 on Friday. The stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of 13.36 and a beta of 0.92. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33. Millicom International Cellular SA has a twelve month low of $38.96 and a twelve month high of $100.08. The company has a 50-day simple moving average of $88.19 and a 200 day simple moving average of $76.11.

Millicom International Cellular (NASDAQ:TIGO) last issued its earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, beating 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. Analysts predict that Millicom International Cellular SA will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Scotiabank raised their target price on shares of Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a report on Wednesday, May 27th. Zacks Research cut Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. UBS Group boosted their price target on Millicom International Cellular from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. increased their price target on Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen lowered Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Millicom International Cellular currently has a consensus rating of “Hold” and a consensus target price of $79.28.

Millicom International Cellular Company 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.