Atlas Capital Advisors Inc. Sells 7,977 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

Atlas Capital Advisors Inc. lessened its stake in Millicom International Cellular S.A. (NASDAQ:TIGO) by 48.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brandes Investment Partners LP grew its position in Millicom International Cellular by 1.5% in the fourth quarter. Brandes Investment Partners LP now owns 4,574,255 shares of the technology company’s stock worth $114,402,000 after acquiring an additional 68,061 shares in the last quarter. Perpetual Ltd purchased a new position in shares of Millicom International Cellular in the 4th quarter worth about $1,587,000. Charles Schwab Investment Management Inc. increased its position in shares of Millicom International Cellular by 95.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,047 shares of the technology company’s stock valued at $2,930,000 after purchasing an additional 52,638 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Millicom International Cellular by 4,044.9% during the 4th quarter. Assetmark Inc. now owns 27,481 shares of the technology company’s stock valued at $687,000 after buying an additional 26,818 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in Millicom International Cellular in the 3rd quarter worth approximately $602,000.

Millicom International Cellular Stock Performance

Shares of NASDAQ:TIGO 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 company has a 50-day moving average price of $28.21 and a 200-day moving average price of $26.94. The company has a market cap 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.

Millicom International Cellular Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Hsbc Global Res upgraded shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. HSBC raised shares of 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. Barclays lowered their price target on shares of Millicom International Cellular from $310.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday. Scotiabank raised their price objective on 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, JPMorgan Chase & Co. boosted their target price on Millicom International Cellular from $33.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Millicom International Cellular currently has a consensus rating of “Moderate Buy” and an average price target of $35.65.

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.