Childress Capital Advisors LLC Purchases New Holdings in Millicom International Cellular SA $TIGO

Childress Capital Advisors LLC acquired a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,258 shares of the technology company’s stock, valued at approximately $347,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Millicom International Cellular by 155.4% during 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. GAMMA Investing LLC boosted its position in shares of Millicom International Cellular by 140.8% in the 4th quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock worth $32,000 after purchasing an additional 335 shares in the last quarter. KBC Group NV grew its stake in shares of Millicom International Cellular by 0.9% in the 4th quarter. KBC Group NV now owns 44,587 shares of the technology company’s stock worth $2,472,000 after buying an additional 378 shares during the last quarter. Archford Capital Strategies LLC increased its position in Millicom International Cellular by 8.5% during the 4th quarter. Archford Capital Strategies LLC now owns 5,076 shares of the technology company’s stock valued at $281,000 after buying an additional 398 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Millicom International Cellular by 736.2% during the 4th quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock valued at $27,000 after buying an additional 427 shares in the last quarter.

Millicom International Cellular Price Performance

Shares of NASDAQ:TIGO opened at $81.86 on Friday. The firm’s 50 day moving average price is $72.85 and its 200-day moving average price is $59.55. The stock has a market capitalization of $13.83 billion, a PE ratio of 10.43 and a beta of 0.87. Millicom International Cellular SA has a twelve month low of $30.26 and a twelve month high of $84.44. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.81.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data on Thursday, February 26th. The technology company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm posted $0.18 EPS. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities research analysts expect that Millicom International Cellular SA will post 1.91 EPS for the current year.

Millicom International Cellular Announces Dividend

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 given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Thursday, April 8th. Millicom International Cellular’s dividend payout ratio is presently 38.22%.

Analysts Set New Price Targets

Several equities research analysts have commented on TIGO shares. HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Friday, March 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Millicom International Cellular in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Millicom International Cellular from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. Morgan Stanley reiterated a “positive” rating and issued a $55.00 price target on shares of Millicom International Cellular in a research note on Thursday, February 26th. Finally, Zacks Research upgraded shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.64.

About Millicom International Cellular

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.