Millicom International Cellular SA $TIGO Stake Lowered by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 26.5% in the third quarter, Holdings Channel.com reports. The firm owned 36,854 shares of the technology company’s stock after selling 13,286 shares during the period. Nisa Investment Advisors LLC’s holdings in Millicom International Cellular were worth $3,211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TIGO. Vontobel Holding Ltd. raised its stake in Millicom International Cellular by 116.2% during the third quarter. Vontobel Holding Ltd. now owns 6,220 shares of the technology company’s stock valued at $542,000 after buying an additional 3,343 shares in the last quarter. Mather Group LLC. bought a new position in Millicom International Cellular during the 3rd quarter worth $35,000. GAMMA Investing LLC increased its holdings in shares of Millicom International Cellular by 49.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the technology company’s stock worth $151,000 after acquiring an additional 569 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Millicom International Cellular by 24.9% in the third quarter. Farther Finance Advisors LLC now owns 1,142 shares of the technology company’s stock valued at $100,000 after purchasing an additional 228 shares during the period. Finally, Fig Financial Advisory Services Inc. ADV bought a new stake in Millicom International Cellular during the 3rd quarter valued at $1,186,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TIGO shares. Zacks Research raised shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $105.00 price target (up from $100.00) on shares of Millicom International Cellular in a research report on Tuesday, August 18th. Royal Bank Of Canada set a $105.00 price objective on Millicom International Cellular in a report on Tuesday, August 18th. Weiss Ratings upgraded Millicom International Cellular from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Finally, Scotiabank raised their price target on shares of Millicom International Cellular from $52.40 to $60.10 and gave the stock a “sector underperform” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Millicom International Cellular has an average rating of “Moderate Buy” and an average price target of $85.68.

Millicom International Cellular Stock Performance

TIGO opened at $78.34 on Friday. Millicom International Cellular SA has a 52-week low of $44.88 and a 52-week high of $107.13. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.51 and a current ratio of 0.53. The stock has a 50-day moving average of $90.07 and a 200-day moving average of $88.96. The company has a market cap of $13.24 billion, a PE ratio of 19.78 and a beta of 0.93.

Millicom International Cellular Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Friday, January 8th will be paid a $0.75 dividend. The ex-dividend date is Friday, January 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.8%. Millicom International Cellular’s dividend payout ratio (DPR) is presently 75.76%.

About Millicom International Cellular

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.