13,286 Millicom International Cellular SA $TIGO Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in Millicom International Cellular SA (NASDAQ:TIGO) by 26.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,854 shares of the technology company’s stock after selling 13,286 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Millicom International Cellular were worth $3,211,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cullen Capital Management LLC acquired a new stake in Millicom International Cellular during the second quarter worth approximately $71,258,000. Renaissance Technologies LLC lifted its holdings in shares of Millicom International Cellular by 18.9% in the 1st quarter. Renaissance Technologies LLC now owns 549,792 shares of the technology company’s stock valued at $41,201,000 after purchasing an additional 87,400 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Millicom International Cellular by 31.7% in the first quarter. Sei Investments Co. now owns 546,999 shares of the technology company’s stock valued at $40,990,000 after acquiring an additional 131,580 shares during the period. Amundi grew its position in Millicom International Cellular by 120.8% during the 1st quarter. Amundi now owns 529,936 shares of the technology company’s stock worth $39,713,000 after purchasing an additional 289,913 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Millicom International Cellular during the second quarter worth about $45,791,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Weiss Ratings raised Millicom International Cellular from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $105.00 price target (up from $100.00) on shares of Millicom International Cellular in a report on Tuesday, August 18th. Scotiabank boosted their price objective on shares of Millicom International Cellular from $52.40 to $60.10 and gave the company a “sector underperform” rating in a research report on Friday, August 7th. Finally, UBS Group increased their target price on Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $85.68.

Millicom International Cellular Stock Down 2.0%

TIGO opened at $78.34 on Friday. The firm has a 50 day moving average price of $90.07 and a 200 day moving average price of $88.96. The company has a market cap of $13.24 billion, a PE ratio of 19.78 and a beta of 0.93. Millicom International Cellular SA has a 1 year low of $44.88 and a 1 year high of $107.13. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.51 and a current ratio of 0.53.

Millicom International Cellular Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Friday, January 8th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, January 8th. Millicom International Cellular’s dividend payout ratio (DPR) is currently 75.76%.

Millicom International Cellular Company Profile

Millicom International Cellular SA is a telecommunications and digital services company operating under the Tigo brand in Latin America. The company provides mobile voice and data services, fixed broadband, pay television, cable connectivity and other communications services to consumers, businesses and government organizations.

Its consumer offerings include wireless plans, home internet, television and digital entertainment services. Through Tigo Money and related financial technology products, Millicom also provides mobile money, digital payments and other financial services in selected markets.