Vest Financial LLC Purchases Shares of 13,171 Millicom International Cellular S.A. (NASDAQ:TIGO)

Vest Financial LLC purchased a new position in Millicom International Cellular S.A. (NASDAQ:TIGO) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,171 shares of the technology company’s stock, valued at approximately $399,000.

Several other institutional investors have also recently made changes to their positions in TIGO. State of Wyoming purchased a new stake in Millicom International Cellular in the 4th quarter worth approximately $49,000. Wells Fargo & Company MN boosted its position in shares of Millicom International Cellular by 72.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company’s stock worth $122,000 after purchasing an additional 2,055 shares during the period. Principal Securities Inc. increased 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 purchasing an additional 1,277 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of 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 during the period. Finally, Raiffeisen Bank International AG bought a new stake in shares of Millicom International Cellular during the 4th quarter valued at $248,000.

Millicom International Cellular Stock Down 0.1%

Shares of TIGO opened at $36.52 on Monday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 38.85 and a beta of 1.08. Millicom International Cellular S.A. has a 1 year low of $22.59 and a 1 year high of $38.50. The business’s 50 day simple moving average is $33.32 and its 200-day simple moving average is $29.04.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.91 by $0.23. Millicom International Cellular had a net margin of 2.70% and a return on equity of 4.43%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business earned $0.54 earnings per share. Millicom International Cellular’s quarterly revenue was down 7.6% compared to the same quarter last year. As a group, equities analysts expect that Millicom International Cellular S.A. will post 1.91 earnings per share for the current fiscal year.

Millicom International Cellular Dividend Announcement

The business also recently declared an annual dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th were given a $0.75 dividend. The ex-dividend date was Tuesday, April 8th. This represents a yield of 3.9%. Millicom International Cellular’s dividend payout ratio is currently 144.23%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TIGO. Scotiabank upped their target price on shares of Millicom International Cellular from $37.30 to $37.90 and gave the stock a “sector outperform” rating in a report on Friday, February 28th. Barclays cut their target price on Millicom International Cellular from $310.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, April 3rd. Wall Street Zen cut Millicom International Cellular from a “strong-buy” rating to a “buy” rating in a report on Friday, May 30th. UBS Group increased their price objective on shares of Millicom International Cellular from $31.50 to $39.50 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Millicom International Cellular from $41.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Millicom International Cellular presently has an average rating of “Moderate Buy” and an average price target of $38.23.

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.