Principal Securities Inc. Buys 1,277 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

Principal Securities Inc. boosted its position in shares of Millicom International Cellular S.A. (NASDAQ:TIGO) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,030 shares of the technology company’s stock after purchasing an additional 1,277 shares during the period. Principal Securities Inc.’s holdings in Millicom International Cellular were worth $176,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MML Investors Services LLC raised its position in Millicom International Cellular by 5.3% in the 3rd quarter. MML Investors Services LLC now owns 14,815 shares of the technology company’s stock valued at $402,000 after buying an additional 750 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Millicom International Cellular by 159.7% in the third quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock valued at $60,000 after purchasing an additional 1,367 shares during the last quarter. National Bank of Canada FI bought a new position in Millicom International Cellular in the third quarter valued at $76,000. Point72 Asset Management L.P. bought a new stake in Millicom International Cellular during the 3rd quarter worth about $87,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Millicom International Cellular in the 3rd quarter valued at about $168,000.

Millicom International Cellular Price Performance

Shares of NASDAQ TIGO opened at $27.41 on Tuesday. 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 business’s 50 day moving average is $26.01 and its 200-day moving average is $26.35. Millicom International Cellular S.A. has a 1-year low of $15.55 and a 1-year high of $28.75. The firm has a market cap of $4.72 billion, a P/E ratio of 29.16 and a beta of 1.18.

Millicom International Cellular Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 3rd were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Millicom International Cellular’s dividend payout ratio (DPR) is currently 106.38%.

Wall Street Analyst Weigh In

TIGO has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Hsbc Global Res upgraded shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Morgan Stanley began coverage on Millicom International Cellular in a report on Wednesday, January 29th. They set an “equal weight” rating and a $32.00 price target for the company. Finally, HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $32.22.

Millicom International Cellular Profile

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.