Millicom International Cellular SA $TIGO Holdings Lessened by Triasima Portfolio Management inc.

Posted by Geri Gentry on Oct 16th, 2026

Triasima Portfolio Management inc. decreased its holdings in Millicom International Cellular SA (NASDAQ:TIGO – Free Report) by 28.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,704 shares of the technology company’s stock after selling 57,920 shares during the period. Millicom International Cellular accounts for approximately 1.6% of Triasima Portfolio Management inc.’s holdings, making the stock its 17th biggest holding. Triasima Portfolio Management inc.’s holdings in Millicom International Cellular were worth $12,784,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Capital Management LLC purchased a new position in Millicom International Cellular in the second quarter worth about $71,258,000. Bank of New York Mellon Corp purchased a new stake in Millicom International Cellular during the second quarter valued at approximately $45,791,000. Renaissance Technologies LLC raised its position in Millicom International Cellular by 18.9% during the first quarter. Renaissance Technologies LLC now owns 549,792 shares of the technology company’s stock valued at $41,201,000 after purchasing an additional 87,400 shares during the period. Sei Investments Co. lifted its stake in shares of Millicom International Cellular by 31.7% in the 1st quarter. Sei Investments Co. now owns 546,999 shares of the technology company’s stock valued at $40,990,000 after purchasing an additional 131,580 shares during the last quarter. Finally, Amundi lifted its stake in shares of Millicom International Cellular by 120.8% in the 1st quarter. Amundi now owns 529,936 shares of the technology company’s stock valued at $39,713,000 after purchasing an additional 289,913 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TIGO. Weiss Ratings upgraded Millicom International Cellular from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Royal Bank Of Canada set a $105.00 price target on Millicom International Cellular in a report on Tuesday, August 18th. UBS Group increased their price target on Millicom International Cellular from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Scotiabank raised their price target on Millicom International Cellular from $52.40 to $60.10 and gave the stock a “sector underperform” rating in a research report on Friday, August 7th. Finally, Zacks Research raised shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. One research 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 given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.68.

Check Out Our Latest Analysis on TIGO

Millicom International Cellular Price Performance

TIGO stock opened at $82.07 on Friday. The stock has a market cap of $13.87 billion, a PE ratio of 23.29 and a beta of 0.93. Millicom International Cellular SA has a 12 month low of $44.88 and a 12 month high of $107.13. The company has a 50-day moving average price of $91.88 and a 200 day moving average price of $88.90. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 3.07.

Millicom International Cellular Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Friday, January 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, January 8th. This represents a $3.00 annualized dividend and a yield of 3.7%. Millicom International Cellular’s dividend payout ratio (DPR) is presently 75.76%.

About Millicom International Cellular

(Free Report)

Millicom International Cellular SA is a telecommunications and digital services company that operates under the Tigo brand. The company provides mobile voice and data services, fixed broadband, pay television, and other connectivity solutions to consumers and businesses in Latin America.

Millicom also offers digital financial services, including mobile money and payment products through Tigo Money in selected markets. Its business-to-business operations provide connectivity, cloud, cybersecurity, data center, and digital solutions to enterprises, governments, and other organizations.

Founded in 1990, Millicom has developed a telecommunications presence across Latin America, serving markets including Bolivia, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, and Paraguay.