Millicom International Cellular SA $TIGO Shares Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lifted its stake in Millicom International Cellular SA (NASDAQ:TIGO) by 50.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,551 shares of the technology company’s stock after acquiring an additional 36,966 shares during the period. Brandywine Global Investment Management LLC’s holdings in Millicom International Cellular were worth $6,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of Millicom International Cellular by 3.9% in the 4th quarter. JPMorgan Chase & Co. now owns 6,713,607 shares of the technology company’s stock worth $372,202,000 after acquiring an additional 253,891 shares during the period. Vestcor Inc raised its holdings in shares of Millicom International Cellular by 31.9% in the 4th quarter. Vestcor Inc now owns 107,009 shares of the technology company’s stock worth $5,933,000 after purchasing an additional 25,880 shares in the last quarter. OneAscent Financial Services LLC raised its holdings in shares of Millicom International Cellular by 25.5% in the 4th quarter. OneAscent Financial Services LLC now owns 10,089 shares of the technology company’s stock worth $559,000 after purchasing an additional 2,048 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in shares of Millicom International Cellular in the 4th quarter worth approximately $55,440,000. Finally, Globeflex Capital L P bought a new stake in shares of Millicom International Cellular in the 4th quarter worth approximately $188,000.

Millicom International Cellular Stock Up 2.2%

TIGO stock opened at $89.25 on Thursday. Millicom International Cellular SA has a 52-week low of $35.62 and a 52-week high of $89.67. The company’s 50 day simple moving average is $82.75 and its 200-day simple moving average is $68.88. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. The firm has a market capitalization of $15.08 billion, a P/E ratio of 12.13 and a beta of 0.91.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.99 billion. As a group, equities research analysts anticipate that Millicom International Cellular SA will post 2.34 EPS for the current year.

Millicom International Cellular Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 8th will be given a dividend of $0.75 per share. 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 3.4%. Millicom International Cellular’s payout ratio is presently 40.76%.

Wall Street Analyst Weigh In

TIGO has been the topic of a number of research reports. Morgan Stanley reiterated a “positive” rating and issued a $55.00 target price on shares of Millicom International Cellular in a report on Thursday, February 26th. HSBC upgraded shares of 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 upgraded shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. UBS Group downgraded shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One 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 company’s stock. Based on data from MarketBeat.com, Millicom International Cellular currently has an average rating of “Moderate Buy” and a consensus target price of $77.28.

Insider Buying and Selling

In related news, insider Salvador Escalon sold 49,288 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $88.51, for a total transaction of $4,362,480.88. Following the transaction, the insider directly owned 165,344 shares of the company’s stock, valued at approximately $14,634,597.44. The trade was a 22.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.

Millicom International Cellular 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.