Modern Wealth Management LLC Acquires New Shares in Millicom International Cellular SA $TIGO

Posted by Brian Himes on Jul 28th, 2026

Modern Wealth Management LLC acquired a new position in Millicom International Cellular SA (NASDAQ:TIGO – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 8,216 shares of the technology company’s stock, valued at approximately $632,000.

A number of other hedge funds have also bought and sold shares of TIGO. Allworth Financial LP lifted its stake in Millicom International Cellular by 1,129.7% during the 4th quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after acquiring an additional 418 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of Millicom International Cellular during the fourth quarter valued at approximately $26,000. Blue Trust Inc. raised its holdings in shares of Millicom International Cellular by 736.2% during the fourth quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock valued at $27,000 after purchasing an additional 427 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Millicom International Cellular during the fourth quarter valued at approximately $29,000. Finally, GAMMA Investing LLC lifted its position in Millicom International Cellular by 140.8% during the fourth quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock valued at $32,000 after purchasing an additional 335 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TIGO shares. Zacks Research lowered shares of Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. raised their price target on 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 lifted their price objective on Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a report on Wednesday, May 27th. UBS Group upped their price objective on Millicom International Cellular from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings raised Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $79.28.

Get Our Latest Report on TIGO

Insider Buying and Selling

In other news, insider Salvador Escalon sold 49,288 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $88.51, for a total value of $4,362,480.88. Following the transaction, the insider owned 165,344 shares of the company’s stock, valued at $14,634,597.44. This trade represents a 22.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 50,140 shares of company stock valued at $4,425,461 in the last three months.

Millicom International Cellular Trading Up 0.9%

Shares of Millicom International Cellular stock opened at $95.38 on Tuesday. The company’s fifty day simple moving average is $90.14 and its 200-day simple moving average is $77.97. The stock has a market capitalization of $16.12 billion, a PE ratio of 12.96 and a beta of 0.92. Millicom International Cellular SA has a 1-year low of $39.01 and a 1-year high of $100.75. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%. As a group, equities analysts anticipate that Millicom International Cellular SA will post 1.78 earnings per share for the current year.

About Millicom International Cellular

(Free Report)

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.