Northwestern Mutual Wealth Management Co. Purchases 1,260,666 Shares of Millicom International Cellular SA $TIGO

Northwestern Mutual Wealth Management Co. boosted its position in Millicom International Cellular SA (NASDAQ:TIGO) by 46,519.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,263,376 shares of the technology company’s stock after acquiring an additional 1,260,666 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.73% of Millicom International Cellular worth $70,042,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Millicom International Cellular by 348.9% in the third quarter. JPMorgan Chase & Co. now owns 6,459,716 shares of the technology company’s stock valued at $313,555,000 after acquiring an additional 5,020,602 shares during the last quarter. Barclays PLC increased its stake in Millicom International Cellular by 1.7% in the third quarter. Barclays PLC now owns 2,895,215 shares of the technology company’s stock valued at $140,534,000 after acquiring an additional 47,194 shares during the last quarter. State Street Corp increased its stake in Millicom International Cellular by 129.2% in the second quarter. State Street Corp now owns 1,820,070 shares of the technology company’s stock valued at $68,198,000 after acquiring an additional 1,026,063 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Millicom International Cellular during the first quarter valued at about $50,664,000. Finally, Northern Trust Corp boosted its position in Millicom International Cellular by 128.2% during the third quarter. Northern Trust Corp now owns 1,271,086 shares of the technology company’s stock valued at $61,699,000 after buying an additional 714,158 shares during the period.

Analyst Ratings Changes

Several research firms have issued reports on TIGO. Zacks Research upgraded shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Morgan Stanley reiterated a “positive” rating and set a $55.00 target price on shares of Millicom International Cellular in a report on Thursday, February 26th. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday. Scotiabank increased their target price on shares of Millicom International Cellular from $43.00 to $51.20 and gave the stock a “sector underperform” rating in a report on Monday, March 30th. Finally, Wall Street Zen lowered shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.64.

Millicom International Cellular Stock Performance

Shares of TIGO opened at $79.27 on Monday. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. Millicom International Cellular SA has a one year low of $35.49 and a one year high of $85.26. The company has a 50-day simple moving average of $78.33 and a two-hundred day simple moving average of $64.35. The firm has a market capitalization of $13.40 billion, a PE ratio of 10.77 and a beta of 0.93.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. On average, analysts anticipate that Millicom International Cellular SA will post 3.76 EPS 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. Shareholders of record on Thursday, April 8th will be issued a $0.75 dividend. The ex-dividend date is Thursday, April 8th. This represents a $3.00 annualized dividend and a yield of 3.8%. Millicom International Cellular’s dividend payout ratio (DPR) is 40.76%.

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.