Commonwealth Equity Services LLC Lowers Stake in Millicom International Cellular S.A. (NASDAQ:TIGO)

Commonwealth Equity Services LLC cut its position in shares of Millicom International Cellular S.A. (NASDAQ:TIGO) by 28.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,958 shares of the technology company’s stock after selling 3,535 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Millicom International Cellular were worth $224,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Perpetual Ltd acquired a new stake in Millicom International Cellular during the 4th quarter worth approximately $1,587,000. Assetmark Inc. increased its position in shares of Millicom International Cellular by 4,044.9% in the fourth quarter. Assetmark Inc. now owns 27,481 shares of the technology company’s stock worth $687,000 after acquiring an additional 26,818 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Millicom International Cellular by 47.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 159,667 shares of the technology company’s stock valued at $3,993,000 after acquiring an additional 51,620 shares during the period. Blue Trust Inc. raised its stake in shares of Millicom International Cellular by 69.5% in the 4th quarter. Blue Trust Inc. now owns 3,767 shares of the technology company’s stock valued at $102,000 after acquiring an additional 1,544 shares during the period. Finally, MML Investors Services LLC lifted its holdings in shares of Millicom International Cellular by 5.3% during the 3rd quarter. MML Investors Services LLC now owns 14,815 shares of the technology company’s stock valued at $402,000 after acquiring an additional 750 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have commented on TIGO. Hsbc Global Res raised Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, January 22nd. Scotiabank increased their price objective on shares of Millicom International Cellular from $37.30 to $37.90 and gave the company a “sector outperform” rating in a research report on Friday, February 28th. Barclays reduced their target price on shares of Millicom International Cellular from $310.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Millicom International Cellular from $33.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Millicom International Cellular presently has an average rating of “Moderate Buy” and a consensus price target of $35.65.

Millicom International Cellular Stock Up 2.3 %

Shares of NASDAQ:TIGO opened at $27.58 on Thursday. The firm has a market cap of $4.75 billion, a PE ratio of 29.34 and a beta of 0.90. The company has a fifty day simple moving average of $28.22 and a 200 day simple moving average of $26.94. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. Millicom International Cellular S.A. has a 12-month low of $19.50 and a 12-month high of $31.63.

Millicom International Cellular Announces Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a dividend yield of 3.9%. Millicom International Cellular’s payout ratio is 202.70%.

About Millicom International Cellular

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.