Semanteon Capital Management LP Sells 516 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

Semanteon Capital Management LP lessened its stake in shares of Millicom International Cellular S.A. (NASDAQ:TIGO) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,442 shares of the technology company’s stock after selling 516 shares during the quarter. Semanteon Capital Management LP’s holdings in Millicom International Cellular were worth $261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its position in Millicom International Cellular by 6.4% in the 4th quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company’s stock valued at $227,000 after acquiring an additional 545 shares in the last quarter. MML Investors Services LLC lifted 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 acquiring an additional 750 shares in the last quarter. Principal Securities Inc. lifted its position in Millicom International Cellular by 22.2% in the 4th quarter. Principal Securities Inc. now owns 7,030 shares of the technology company’s stock valued at $176,000 after acquiring an additional 1,277 shares in the last quarter. Blue Trust Inc. lifted its position in Millicom International Cellular by 69.5% in 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 in the last quarter. Finally, National Bank of Canada FI bought a new position in Millicom International Cellular in the 3rd quarter valued at about $76,000.

Millicom International Cellular Trading Down 3.8 %

Shares of TIGO stock opened at $29.94 on Friday. The company has a 50 day moving average of $27.58 and a 200-day moving average of $26.72. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59. Millicom International Cellular S.A. has a 12-month low of $19.20 and a 12-month high of $31.63. The firm has a market cap of $5.15 billion, a P/E ratio of 31.85 and a beta of 1.23.

Millicom International Cellular Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. HSBC upgraded shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, January 22nd. 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. Scotiabank increased their price objective on shares of Millicom International Cellular from $37.30 to $37.90 and gave the company a “sector outperform” rating in a research note on Friday, February 28th. Finally, Morgan Stanley started coverage on shares of Millicom International Cellular in a research note on Wednesday, January 29th. They issued an “equal weight” rating and a $32.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $33.98.

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.