Capital Research Global Investors lifted its position in Stellantis (NYSE:STLA - Free Report) by 306.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,905,990 shares of the company's stock after acquiring an additional 5,208,889 shares during the period. Capital Research Global Investors owned about 0.23% of Stellantis worth $90,636,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in STLA. Geneos Wealth Management Inc. acquired a new stake in Stellantis during the 4th quarter valued at $26,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Stellantis during the fourth quarter valued at $47,000. MassMutual Private Wealth & Trust FSB lifted its stake in Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock worth $48,000 after acquiring an additional 1,489 shares in the last quarter. Spire Wealth Management boosted its position in Stellantis by 29.7% during 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 during the period. Finally, Central Pacific Bank Trust Division grew its stake in Stellantis by 160.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company's stock valued at $85,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.
Stellantis Stock Performance
STLA traded up $0.08 during midday trading on Friday, reaching $9.41. The company's stock had a trading volume of 6,550,319 shares, compared to its average volume of 10,755,831. 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 fifty day simple moving average of $11.42 and a 200 day simple moving average of $12.57. The stock has a market cap of $28.45 billion, a P/E ratio of 2.76 and a beta of 1.44. Stellantis has a twelve month low of $8.39 and a twelve month high of $25.05.
Stellantis Dividend Announcement
The business also recently declared a dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 24th will be given a $0.5032 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's dividend payout ratio is 20.82%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Cowen began coverage on Stellantis in a research report on Thursday, March 6th. They set a "hold" rating for the company. Finally, TD Cowen began coverage on Stellantis in a report on Friday, March 7th. They set a "hold" rating and a $13.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $16.49.
Read Our Latest Research Report on Stellantis
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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