Moon Capital Management LP purchased a new stake in shares of Stellantis (NYSE:STLA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 187,017 shares of the company's stock, valued at approximately $2,441,000. Stellantis accounts for approximately 1.9% of Moon Capital Management LP's portfolio, making the stock its 10th largest holding.
A number of other hedge funds also recently modified their holdings of STLA. Geneos Wealth Management Inc. bought a new stake in shares of Stellantis in the 4th quarter worth about $26,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Stellantis during the fourth quarter worth approximately $47,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock valued at $48,000 after acquiring an additional 1,489 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of Stellantis by 29.7% in the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company's stock worth $69,000 after acquiring an additional 1,211 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its position in Stellantis by 160.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company's stock worth $85,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors own 59.48% of the company's stock.
Analyst Upgrades and Downgrades
STLA has been the topic of several research analyst reports. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $23.00 to $13.00 in a report on Thursday, March 20th. Cowen assumed coverage on Stellantis in a research report on Thursday, March 6th. They set a "hold" rating for the company. Finally, TD Cowen initiated coverage on shares of Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 price target for the company. Twelve investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Stellantis has a consensus rating of "Hold" and an average target price of $16.49.
View Our Latest Stock Analysis on STLA
Stellantis Stock Up 2.6 %
Shares of NYSE:STLA traded up $0.24 during trading on Tuesday, hitting $9.60. 18,454,167 shares of the company's stock traded hands, compared to its average volume of 10,862,971. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $11.23 and a 200-day moving average price of $12.51. Stellantis has a 52 week low of $8.39 and a 52 week high of $23.37. The company has a market cap of $29.02 billion, a price-to-earnings ratio of 2.82 and a beta of 1.44.
Stellantis Announces Dividend
The business also recently declared a dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 24th will be issued a $0.5032 dividend. This represents a dividend yield of 6.07%. The ex-dividend date is Wednesday, April 23rd. Stellantis's dividend payout ratio (DPR) is presently 20.82%.
About Stellantis
(
Free Report)
Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.
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