Atlas Capital Advisors Inc. Invests $733,000 in Millicom International Cellular SA $TIGO

Atlas Capital Advisors Inc. bought a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 13,230 shares of the technology company’s stock, valued at approximately $733,000.

Several other large investors have also modified their holdings of TIGO. Smartleaf Asset Management LLC grew its position 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 worth $25,000 after acquiring an additional 314 shares during the last quarter. Allworth Financial LP grew its position in Millicom International Cellular by 1,129.7% in the 4th quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after buying an additional 418 shares in the last quarter. Blue Trust Inc. grew its position in Millicom International Cellular by 736.2% in 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. Spire Wealth Management bought a new position in Millicom International Cellular in the 4th quarter valued at about $29,000. Finally, Ameritas Advisory Services LLC bought a new position in Millicom International Cellular in the 3rd quarter valued at about $32,000.

Millicom International Cellular Price Performance

Shares of NASDAQ TIGO opened at $93.77 on Monday. Millicom International Cellular SA has a twelve month low of $35.62 and a twelve month high of $94.23. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.33. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 12.74 and a beta of 0.91. The firm has a 50-day moving average of $83.43 and a two-hundred day moving average of $69.44.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share 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 company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. As a group, analysts expect that Millicom International Cellular SA will post 1.78 earnings per share for the current fiscal year.

Millicom International Cellular Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 8th will be paid 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 3.2%. Millicom International Cellular’s dividend payout ratio is currently 40.76%.

Insider Buying and Selling

In other Millicom International Cellular news, insider Salvador Escalon sold 49,288 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 165,344 shares of the company’s stock, valued at approximately $14,634,597.44. This represents a 22.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analysts Set New Price Targets

TIGO has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 13th. UBS Group lowered shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research report on Tuesday, May 26th. JPMorgan Chase & Co. increased their target price on shares of Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Finally, Scotiabank increased their target price on shares of Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.28.

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.