Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $711,000 Position in Millicom International Cellular SA $TIGO

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Millicom International Cellular SA (NASDAQ:TIGO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,833 shares of the technology company’s stock, valued at approximately $711,000.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP raised its position in shares of Millicom International Cellular by 1,129.7% in the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after purchasing an additional 418 shares during the period. Blue Trust Inc. raised its position in shares of Millicom International Cellular by 736.2% in the fourth quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock valued at $27,000 after purchasing an additional 427 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Millicom International Cellular by 155.4% in the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after purchasing an additional 314 shares during the period. Spire Wealth Management bought a new position in shares of Millicom International Cellular in the fourth quarter valued at approximately $29,000. Finally, GAMMA Investing LLC raised its position in shares of Millicom International Cellular by 140.8% in the fourth quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock valued at $32,000 after purchasing an additional 335 shares during the period.

Millicom International Cellular Trading Down 1.1%

Shares of Millicom International Cellular stock opened at $85.84 on Friday. The company’s fifty day simple moving average is $79.61 and its 200-day simple moving average is $65.50. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 11.66 and a beta of 0.93. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.33. Millicom International Cellular SA has a 1 year low of $35.49 and a 1 year high of $86.93.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.99 billion. As a group, sell-side analysts expect that Millicom International Cellular SA will post 3.27 EPS for the current year.

Millicom International Cellular Dividend Announcement

The firm also recently declared 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 is Thursday, April 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.5%. Millicom International Cellular’s payout ratio is currently 40.76%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TIGO shares. Zacks Research upgraded shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Scotiabank raised their price objective on shares of Millicom International Cellular from $43.00 to $51.20 and gave the stock a “sector underperform” rating in a research note on Monday, March 30th. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 13th. Morgan Stanley restated a “positive” rating and issued a $55.00 price objective on shares of Millicom International Cellular in a research note on Thursday, February 26th. Finally, HSBC upgraded shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Millicom International Cellular presently has a consensus rating of “Moderate Buy” and an average price target of $73.04.

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.