Atlas Capital Advisors Inc. Trims Stock Holdings in Millicom International Cellular S.A. (NASDAQ:TIGO)

Atlas Capital Advisors Inc. lowered its position in shares of Millicom International Cellular S.A. (NASDAQ:TIGO) by 48.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,484 shares of the technology company’s stock after selling 7,977 shares during the period. Atlas Capital Advisors Inc.’s holdings in Millicom International Cellular were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Jones Financial Companies Lllp increased its stake in Millicom International Cellular by 6.4% during the 4th quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company’s stock valued at $227,000 after purchasing an additional 545 shares in the last quarter. MML Investors Services LLC increased its position in Millicom International Cellular by 5.3% in the third quarter. MML Investors Services LLC now owns 14,815 shares of the technology company’s stock worth $402,000 after buying an additional 750 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Millicom International Cellular by 22.2% in the fourth quarter. Principal Securities Inc. now owns 7,030 shares of the technology company’s stock worth $176,000 after buying an additional 1,277 shares during the period. Geode Capital Management LLC lifted its position in shares of Millicom International Cellular by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 154,661 shares of the technology company’s stock valued at $3,868,000 after buying an additional 1,500 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Millicom International Cellular by 69.5% during the 4th quarter. Blue Trust Inc. now owns 3,767 shares of the technology company’s stock valued at $102,000 after acquiring an additional 1,544 shares during the period.

Millicom International Cellular Trading Down 6.6 %

Shares of TIGO stock opened at $28.49 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 30.31 and a beta of 1.23. Millicom International Cellular S.A. has a 12-month low of $19.50 and a 12-month high of $31.63. The stock’s 50-day moving average price is $28.21 and its 200-day moving average price is $26.94.

Millicom International Cellular Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th will be paid a $0.75 dividend. This represents a yield of 3.9%. The ex-dividend date is Tuesday, April 8th. Millicom International Cellular’s payout ratio is 202.70%.

Analysts Set New Price Targets

TIGO has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of Millicom International Cellular from $310.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Millicom International Cellular from $33.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday. Scotiabank increased their price target on Millicom International Cellular from $37.30 to $37.90 and gave the stock a “sector outperform” rating in a research note on Friday, February 28th. Hsbc Global Res upgraded Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley began coverage on Millicom International Cellular in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $32.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.65.

About Millicom International Cellular

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.