9,068 Shares in Millicom International Cellular SA $TIGO Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp acquired a new position in Millicom International Cellular SA (NASDAQ:TIGO) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 9,068 shares of the technology company’s stock, valued at approximately $503,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kestra Private Wealth Services LLC boosted its position in shares of Millicom International Cellular by 51.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 30,655 shares of the technology company’s stock worth $1,700,000 after buying an additional 10,413 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Millicom International Cellular by 4.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 21,014 shares of the technology company’s stock worth $1,165,000 after buying an additional 962 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Millicom International Cellular by 37.1% in the 4th quarter. Sanctuary Advisors LLC now owns 27,152 shares of the technology company’s stock worth $1,505,000 after buying an additional 7,345 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Millicom International Cellular by 17.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,876 shares of the technology company’s stock worth $2,599,000 after buying an additional 7,005 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of Millicom International Cellular in the 4th quarter worth about $208,000.

Millicom International Cellular Trading Up 1.1%

Shares of TIGO stock opened at $84.74 on Thursday. The firm has a 50-day moving average price of $77.05 and a 200 day moving average price of $62.74. Millicom International Cellular SA has a twelve month low of $30.26 and a twelve month high of $85.26. The company has a market capitalization of $14.32 billion, a price-to-earnings ratio of 10.79 and a beta of 0.93. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 1.81.

Millicom International Cellular (NASDAQ:TIGO) last announced its earnings results on Thursday, February 26th. The technology company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.45. Millicom International Cellular had a net margin of 22.62% and a return on equity of 17.07%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $0.18 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. Research analysts forecast that Millicom International Cellular SA will post 3.23 earnings per share for the current fiscal year.

Millicom International Cellular Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 8th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.5%. Millicom International Cellular’s dividend payout ratio is currently 38.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $70.00 in a research report on Thursday, January 15th. Scotiabank boosted their target price on shares of Millicom International Cellular from $43.00 to $51.20 and gave the company a “sector underperform” rating in a research note on Monday, March 30th. Wall Street Zen downgraded shares of Millicom International Cellular from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. HSBC raised shares of 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. 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. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.64.

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.