Strategic Global Advisors LLC Invests $408,000 in Millicom International Cellular SA $TIGO

Strategic Global Advisors LLC purchased a new position in Millicom International Cellular SA (NASDAQ:TIGO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,360 shares of the technology company’s stock, valued at approximately $408,000.

Other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in Millicom International Cellular by 155.4% in the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after purchasing an additional 314 shares during the last quarter. Allworth Financial LP increased its stake in 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 purchasing an additional 418 shares during the last quarter. Blue Trust Inc. increased its stake in Millicom International Cellular by 736.2% in the fourth quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock valued at $27,000 after purchasing an additional 427 shares during the last quarter. Spire Wealth Management acquired a new position in Millicom International Cellular in the fourth quarter valued at $29,000. Finally, Ameritas Advisory Services LLC acquired a new position in Millicom International Cellular in the third quarter valued at $32,000.

Millicom International Cellular Stock Performance

Shares of NASDAQ:TIGO opened at $89.45 on Tuesday. The firm has a market capitalization of $15.12 billion, a PE ratio of 12.15 and a beta of 0.91. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. The business has a 50-day moving average of $83.63 and a two-hundred day moving average of $69.69. Millicom International Cellular SA has a 12 month low of $35.62 and a 12 month high of $94.73.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%. As a group, research analysts forecast that Millicom International Cellular SA will post 1.78 earnings per share for the current year.

Millicom International Cellular Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 8th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, April 8th. This represents a $3.00 annualized dividend and a yield of 3.4%. Millicom International Cellular’s dividend payout ratio is currently 40.76%.

Insider Buying and Selling

In other Millicom International Cellular news, insider Salvador Escalon sold 49,288 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Wall Street Analyst Weigh In

Several research firms recently commented on TIGO. HSBC upgraded Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Friday, March 6th. UBS Group lowered Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Tuesday, May 26th. Morgan Stanley reiterated a “positive” rating and issued a $55.00 target price on shares of Millicom International Cellular in a research note on Thursday, February 26th. Wall Street Zen lowered Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Zacks Research upgraded 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 issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Millicom International Cellular currently has a consensus rating of “Moderate Buy” and an average 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.