Thoroughbred Financial Services LLC Acquires New Holdings in Millicom International Cellular SA $TIGO

Posted by Stanley Muller on May 31st, 2026

Thoroughbred Financial Services LLC acquired a new position in Millicom International Cellular SA (NASDAQ:TIGO – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,303 shares of the technology company’s stock, valued at approximately $349,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TIGO. JPMorgan Chase & Co. raised its stake in shares of Millicom International Cellular by 348.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,459,716 shares of the technology company’s stock worth $313,555,000 after acquiring an additional 5,020,602 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Millicom International Cellular during the 1st quarter worth approximately $50,664,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Millicom International Cellular by 46,519.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,263,376 shares of the technology company’s stock worth $70,042,000 after acquiring an additional 1,260,666 shares in the last quarter. Tredje AP fonden bought a new position in shares of Millicom International Cellular during the 4th quarter worth approximately $60,459,000. Finally, State Street Corp raised its stake in shares of Millicom International Cellular by 129.2% during 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.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Scotiabank boosted their price objective 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. UBS Group downgraded Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research note on Tuesday, May 26th. Morgan Stanley restated a “positive” rating and set a $55.00 target price on shares of Millicom International Cellular in a research note on Thursday, February 26th. Zacks Research upgraded Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, JPMorgan Chase & Co. boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Millicom International Cellular currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.28.

Read Our Latest Stock Report on Millicom International Cellular

Millicom International Cellular Stock Up 1.8%

TIGO stock opened at $85.36 on Friday. The firm has a 50 day moving average of $80.81 and a 200 day moving average of $66.83. The stock has a market capitalization of $14.43 billion, a PE ratio of 11.60 and a beta of 0.93. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33. Millicom International Cellular SA has a 52 week low of $35.62 and a 52 week high of $87.05.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last issued its earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The company 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%. Sell-side analysts forecast that Millicom International Cellular SA will post 2.34 earnings per share for the current year.

Millicom International Cellular Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Investors 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 dividend on an annualized basis and a yield of 3.5%. Millicom International Cellular’s dividend payout ratio (DPR) is 40.76%.

Millicom International Cellular Company Profile

(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.