30,389 Millicom International Cellular SA $TIGO Shares Sold by Hosking Partners LLP

Hosking Partners LLP reduced its stake in Millicom International Cellular SA (NASDAQ:TIGO) by 8.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,922 shares of the technology company’s stock after selling 30,389 shares during the period. Hosking Partners LLP’s holdings in Millicom International Cellular were worth $27,181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amundi boosted 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 valued at $39,713,000 after acquiring an additional 289,913 shares in the last quarter. Saudi Central Bank purchased a new position in shares of Millicom International Cellular during the 2nd quarter worth approximately $7,014,000. Lee Danner & Bass Inc. bought a new position in shares of Millicom International Cellular in the 1st quarter worth approximately $18,210,000. Bank of America Corp DE raised its position in shares of Millicom International Cellular by 22.0% in the 1st quarter. Bank of America Corp DE now owns 243,778 shares of the technology company’s stock worth $18,269,000 after acquiring an additional 43,947 shares in the last quarter. Finally, LGT Fund Management Co Ltd. bought a new position in shares of Millicom International Cellular in the 1st quarter worth approximately $2,373,000.

Analyst Ratings Changes

A number of research firms have recently commented on TIGO. Scotiabank raised their target price on Millicom International Cellular from $52.40 to $60.10 and gave the company a “sector underperform” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $105.00 price target (up from $100.00) on shares of Millicom International Cellular in a research note on Tuesday, August 18th. Zacks Research raised Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Weiss Ratings upgraded Millicom International Cellular from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Finally, Royal Bank Of Canada set a $105.00 price objective on Millicom International Cellular in a research report on Tuesday, August 18th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Millicom International Cellular presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.68.

Millicom International Cellular Trading Up 2.3%

Shares of NASDAQ TIGO opened at $81.65 on Thursday. Millicom International Cellular SA has a 1 year low of $44.88 and a 1 year high of $107.13. The stock has a market cap of $13.80 billion, a P/E ratio of 23.12 and a beta of 0.93. The firm has a 50-day moving average of $90.67 and a 200 day moving average of $89.04. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.53 and a quick ratio of 0.51.

Millicom International Cellular Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Friday, January 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, January 8th. Millicom International Cellular’s dividend payout ratio is 75.76%.

Millicom International Cellular 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.