Capital World Investors Cuts Position in Stellantis (NYSE:STLA)

Capital World Investors lowered its position in Stellantis (NYSE:STLA - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,443,806 shares of the company's stock after selling 2,720,808 shares during the period. Capital World Investors owned approximately 0.28% of Stellantis worth $110,615,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Virtu Financial LLC lifted its stake in shares of Stellantis by 148.8% during the third quarter. Virtu Financial LLC now owns 48,303 shares of the company's stock worth $679,000 after buying an additional 28,891 shares during the period. SkyView Investment Advisors LLC increased its holdings in shares of Stellantis by 5.2% in the third quarter. SkyView Investment Advisors LLC now owns 181,148 shares of the company's stock valued at $2,552,000 after purchasing an additional 8,988 shares during the period. Te Ahumairangi Investment Management Ltd lifted its holdings in shares of Stellantis by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company's stock worth $7,408,000 after purchasing an additional 118,635 shares during the period. World Investment Advisors LLC acquired a new position in Stellantis in the 3rd quarter worth approximately $1,324,000. Finally, Franklin Resources Inc. raised its position in Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company's stock worth $102,340,000 after buying an additional 3,252,492 shares during the last quarter. Institutional investors own 59.48% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Piper Sandler cut shares of Stellantis from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. TD Cowen initiated coverage on Stellantis in a research report on Friday, March 7th. They issued a "hold" rating and a $13.00 price objective on the stock. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday. UBS Group downgraded Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday. Twelve research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $16.49.

Stellantis Trading Up 0.9 %

Shares of Stellantis stock traded up $0.08 on Friday, reaching $9.41. The company had a trading volume of 6,550,319 shares, compared to its average volume of 10,755,831. Stellantis has a 52-week low of $8.39 and a 52-week high of $25.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The firm's 50 day moving average price is $11.42 and its two-hundred day moving average price is $12.57. The firm has a market cap of $28.45 billion, a PE ratio of 2.76 and a beta of 1.44.

Stellantis Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be paid a dividend of $0.5032 per share. This represents a yield of 6.07%. The ex-dividend date is Wednesday, April 23rd. Stellantis's payout ratio is 20.82%.

About Stellantis

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.