Brandes Investment Partners Reduces $143M in Millicom International Cellular S.A. ($TIGO)
Brandes Investment Partners has significantly cut its stake in Millicom International Cellular, trimming 1.58 million shares.
Key Points
- Brandes Investment Partners reduced its Millicom International Cellular stake by 32.6%, cutting 1.58 million shares to 3.26 million shares, valued at $305.8 million as of the latest 13F filing.
- Millicom International Cellular has a market cap of $15.71 billion, a P/E ratio of 12.74, and a 52-week high of $94.23, reflecting its position in the telecom services industry.
- Insider Salvador Escalon sold shares on June 1, 2026, while analysts from JP Morgan and Scotiabank maintained their ratings with differing price targets.
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Brandes Investment Partners has reduced its position in Millicom International Cellular S.A. (NasdaqGS: TIGO), cutting its holdings by 32.6%. The firm sold 1,575,489 shares, bringing its total down to 3,261,016 shares, valued at approximately $305.8 million as of the most recent 13F filing with the SEC. This adjustment reflects the firm's strategic decision during the reporting period and may not indicate its current stance.
What Changed in Brandes Investment Partners' Millicom International Cellular Position
Brandes Investment Partners significantly trimmed its stake in Millicom International Cellular. The investment firm reduced its holdings by 1,575,489 shares, a 32.6% decrease, leaving it with 3,261,016 shares. The value of its position stood at around $305.8 million, indicating a substantial shift in its investment strategy.
Other Institutional Activity in Millicom International Cellular
Other institutional investors also made changes to their Millicom International Cellular positions. Dodge & Cox added 29,300 shares, bringing its total to 8,162,432 shares, valued at approximately $611.7 million. JPMorgan Chase & Co. increased its holdings by 709,881 shares to 7,423,488 shares, worth about $542.9 million. BlackRock, Inc. boosted its position by 576,063 shares, ending with 6,000,897 shares valued at roughly $449.7 million. Meanwhile, Barclays PLC added 82,744 shares, reaching a total of 2,943,123 shares valued at $220.6 million.
Millicom International Cellular S.A. Stock Down 2.8%
Shares of Millicom International Cellular traded near $93.77. The company has a market capitalization of $15.71 billion and a P/E ratio of 12.74. Millicom's stock has a 52-week low of $35.62 and a high of $94.23. The 50-day moving average is $83.48, while the 200-day moving average is $63.15. The firm has a current ratio of 0.615 and a quick ratio of 0.492, with a debt-to-equity ratio of 375.07.
Recent Earnings
Millicom International Cellular reported revenues of approximately $6.44 billion, with a revenue growth rate of 45.1%. The company's net margin was 19.1%, and its return on equity stood at 37.4%. The next earnings report is expected on August 6, 2026.
Dividend
Millicom International Cellular offers an annual dividend rate of $3.00, yielding 3.2%. The dividend payout ratio is 40.75%, reflecting the company's commitment to returning value to shareholders.
Insider Buying and Selling at Millicom International Cellular S.A.
Insider selling was observed at Millicom International Cellular. On June 1, 2026, Chief Legal & Compliance Officer Salvador Escalon sold 49,288 shares at an average price of $88.51. Earlier, Marcelo Benitez sold 11,500 shares at $72.93 on February 27, 2026, and 1,860 shares at $54.99 on December 29, 2025.
Analysts Set New Price Targets
Analyst activity surrounding Millicom International Cellular includes Scotiabank maintaining a 'sell' rating with a price target of $52.4 on May 27, 2026. On May 20, 2026, JP Morgan maintained its 'buy' rating with a target of $100.0. The consensus target price stands at $83.2, based on seven analyst opinions.
About Millicom International Cellular
Millicom International Cellular S.A. is a telecom services provider headquartered in Luxembourg. The company operates under the Tigo brand, offering mobile and cable services across Latin America. Its services include mobile data, voice, and financial services, as well as broadband and pay-TV. Led by CEO Marcelo Benitez, Millicom employs around 14,250 people, serving residential, business, and government customers.
Bottom Line
Brandes Investment Partners' decision to cut its stake in Millicom International Cellular by 32.6% reflects a notable shift in its investment portfolio. Investors often track such institutional moves for insights, though 13F filings are backward-looking and may not represent current holdings. Millicom remains a significant player in the telecom sector, with a strong market presence and ongoing analyst interest.
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