Future Fund LLC Acquires 16,182 Shares of Millicom International Cellular SA $TIGO

Future Fund LLC boosted its holdings in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 24.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,240 shares of the technology company’s stock after buying an additional 16,182 shares during the period. Millicom International Cellular makes up about 1.6% of Future Fund LLC’s portfolio, making the stock its 7th largest position. Future Fund LLC’s holdings in Millicom International Cellular were worth $4,504,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in Millicom International Cellular by 348.9% during the third quarter. JPMorgan Chase & Co. now owns 6,459,716 shares of the technology company’s stock worth $313,555,000 after buying an additional 5,020,602 shares during the last quarter. Barclays PLC grew its stake in shares of Millicom International Cellular by 1.7% in the 3rd quarter. Barclays PLC now owns 2,895,215 shares of the technology company’s stock worth $140,534,000 after acquiring an additional 47,194 shares in the last quarter. State Street Corp grew its stake in shares of Millicom International Cellular by 129.2% in the 2nd quarter. State Street Corp now owns 1,820,070 shares of the technology company’s stock worth $68,198,000 after acquiring an additional 1,026,063 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Millicom International Cellular in the 1st quarter worth $50,664,000. Finally, Northern Trust Corp grew its stake in shares of Millicom International Cellular by 128.2% in the 3rd quarter. Northern Trust Corp now owns 1,271,086 shares of the technology company’s stock worth $61,699,000 after acquiring an additional 714,158 shares in the last quarter.

Millicom International Cellular Price Performance

TIGO opened at $85.36 on Friday. The firm has a market cap of $14.43 billion, a P/E ratio of 11.60 and a beta of 0.93. The firm has a 50-day moving average of $80.81 and a 200 day moving average of $66.83. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.60 and a current ratio of 0.62. Millicom International Cellular SA has a fifty-two week low of $35.62 and a fifty-two week high of $87.05.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. On average, research analysts expect that Millicom International Cellular SA will post 2.34 EPS for the current year.

Millicom International Cellular Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 8th will be paid a $0.75 dividend. The ex-dividend date is Thursday, April 8th. This represents a $3.00 annualized dividend and a dividend yield of 3.5%. Millicom International Cellular’s dividend payout ratio (DPR) is presently 40.76%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TIGO. UBS Group lowered shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Scotiabank upped their target price on shares of Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a research note on Wednesday. Morgan Stanley reiterated a “positive” rating and issued a $55.00 target price on shares of Millicom International Cellular in a research note on Thursday, February 26th. Finally, Wall Street Zen lowered shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.28.

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.