Fjarde AP Fonden Fourth Swedish National Pension Fund Makes New Investment in Millicom International Cellular SA $TIGO

Posted by George Bondi on Jun 6th, 2026

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in Millicom International Cellular SA (NASDAQ:TIGO – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund bought 1,000,000 shares of the technology company’s stock, valued at approximately $55,440,000.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP raised its stake in shares of Millicom International Cellular by 1,129.7% in the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock worth $25,000 after acquiring an additional 418 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Millicom International Cellular by 736.2% in the fourth quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock worth $27,000 after acquiring an additional 427 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Millicom International Cellular by 155.4% in the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock worth $25,000 after acquiring an additional 314 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Millicom International Cellular during the fourth quarter worth approximately $29,000. Finally, GAMMA Investing LLC raised its stake in shares of Millicom International Cellular by 140.8% during the fourth quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock worth $32,000 after buying an additional 335 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms recently weighed in on TIGO. Scotiabank boosted their price target 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, May 27th. Wall Street Zen downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. UBS Group downgraded shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a research note on Tuesday, May 26th. Zacks Research raised shares of 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 price target 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. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.28.

View Our Latest Report on TIGO

Millicom International Cellular Trading Down 5.3%

TIGO opened at $82.66 on Friday. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 11.23 and a beta of 0.91. The firm has a 50 day simple moving average of $81.98 and a 200 day simple moving average of $68.08. Millicom International Cellular SA has a fifty-two week low of $35.62 and a fifty-two week high of $89.49.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 8th will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, April 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.6%. Millicom International Cellular’s payout ratio is currently 40.76%.

Insider Transactions at Millicom International Cellular

In related news, insider Salvador Escalon sold 49,288 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $88.51, for a total transaction of $4,362,480.88. Following the completion of the transaction, the insider owned 165,344 shares in the company, valued at approximately $14,634,597.44. The trade was a 22.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.

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.