Triodos Investment Management BV Sells 102,000 Shares of Millicom International Cellular SA $TIGO

Triodos Investment Management BV trimmed its stake in Millicom International Cellular SA (NASDAQ:TIGO) by 14.4% during the 4th quarter, Holdings Channel reports. The firm owned 607,000 shares of the technology company’s stock after selling 102,000 shares during the quarter. Millicom International Cellular comprises approximately 2.4% of Triodos Investment Management BV’s portfolio, making the stock its 15th biggest holding. Triodos Investment Management BV’s holdings in Millicom International Cellular were worth $33,440,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. EWA LLC increased its position in shares of Millicom International Cellular by 2.5% in the fourth quarter. EWA LLC now owns 7,025 shares of the technology company’s stock worth $389,000 after purchasing an additional 169 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Millicom International Cellular by 155.4% in the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock worth $25,000 after buying an additional 314 shares in the last quarter. GAMMA Investing LLC grew its position in Millicom International Cellular by 140.8% during the fourth quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock valued at $32,000 after acquiring an additional 335 shares during the last quarter. KBC Group NV raised its stake in shares of Millicom International Cellular by 0.9% during the fourth quarter. KBC Group NV now owns 44,587 shares of the technology company’s stock worth $2,472,000 after acquiring an additional 378 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its stake in shares of Millicom International Cellular by 8.5% during the fourth quarter. Archford Capital Strategies LLC now owns 5,076 shares of the technology company’s stock worth $281,000 after acquiring an additional 398 shares in the last quarter.

Millicom International Cellular Stock Performance

Shares of TIGO stock opened at $85.36 on Friday. The stock has a fifty day moving average of $80.81 and a 200 day moving average of $66.83. Millicom International Cellular SA has a 52 week low of $35.62 and a 52 week high of $87.05. The firm has a market capitalization of $14.43 billion, a price-to-earnings ratio of 11.60 and a beta of 0.93. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%.The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. As a group, research analysts expect that Millicom International Cellular SA will post 2.34 earnings per share for the current year.

Millicom International Cellular Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.5%. Millicom International Cellular’s dividend payout ratio (DPR) is presently 40.76%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TIGO shares. JPMorgan Chase & Co. boosted their price objective on shares of Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. UBS Group lowered shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a report on Tuesday. Scotiabank boosted their price objective on shares of Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a report on Wednesday. Wall Street Zen lowered shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Morgan Stanley restated a “positive” rating and issued a $55.00 price objective on shares of Millicom International Cellular in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.28.

Millicom International Cellular Company Profile

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.