Triodos Investment Management BV Cuts Stake in Millicom International Cellular SA $TIGO

Triodos Investment Management BV reduced its stake in Millicom International Cellular SA (NASDAQ:TIGO) by 14.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 607,000 shares of the technology company’s stock after selling 102,000 shares during the quarter. Millicom International Cellular accounts for approximately 2.4% of Triodos Investment Management BV’s portfolio, making the stock its 15th largest holding. Triodos Investment Management BV owned 0.35% of Millicom International Cellular worth $33,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. EWA LLC boosted its holdings in shares of Millicom International Cellular by 2.5% in the 4th quarter. EWA LLC now owns 7,025 shares of the technology company’s stock worth $389,000 after buying an additional 169 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Millicom International Cellular by 155.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after acquiring an additional 314 shares during the period. GAMMA Investing LLC raised its stake 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 acquiring an additional 335 shares during the period. KBC Group NV raised its stake in Millicom International Cellular by 0.9% in the 4th quarter. KBC Group NV now owns 44,587 shares of the technology company’s stock valued at $2,472,000 after acquiring an additional 378 shares during the period. Finally, Archford Capital Strategies LLC raised its stake in Millicom International Cellular by 8.5% in the 4th quarter. Archford Capital Strategies LLC now owns 5,076 shares of the technology company’s stock valued at $281,000 after acquiring an additional 398 shares during the period.

Millicom International Cellular Trading Up 1.8%

Shares of TIGO opened at $85.36 on Friday. The business’s 50-day moving average price is $80.81 and its 200-day moving average price is $66.83. Millicom International Cellular SA has a twelve month low of $35.62 and a twelve month high of $87.05. The stock has a market cap of $14.43 billion, a PE ratio of 11.60 and a beta of 0.93. 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 (NASDAQ:TIGO) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%.The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. On average, equities analysts forecast that Millicom International Cellular SA will post 2.34 EPS for the current fiscal year.

Millicom International Cellular Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 8th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Thursday, April 8th. Millicom International Cellular’s dividend payout ratio is 40.76%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TIGO. Zacks Research upgraded Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. HSBC upgraded Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Friday, March 6th. Weiss Ratings upgraded Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 13th. UBS Group cut Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research note on Tuesday. Finally, Wall Street Zen cut Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, three have issued 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $77.28.

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.