Dnca Finance Lowers Stock Position in Stellantis (NYSE:STLA)

Dnca Finance cut its position in shares of Stellantis (NYSE:STLA - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 759,230 shares of the company's stock after selling 64,725 shares during the quarter. Dnca Finance's holdings in Stellantis were worth $9,902,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in STLA. Norges Bank bought a new position in shares of Stellantis in the fourth quarter valued at approximately $609,076,000. Marshall Wace LLP increased its position in shares of Stellantis by 72,446.0% during the 4th quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock valued at $226,899,000 after purchasing an additional 17,376,176 shares during the last quarter. Banco Santander S.A. raised its stake in shares of Stellantis by 282.2% during the 4th quarter. Banco Santander S.A. now owns 7,258,025 shares of the company's stock worth $94,717,000 after purchasing an additional 5,359,190 shares during the period. Generali Asset Management SPA SGR purchased a new position in shares of Stellantis in the 4th quarter worth about $53,858,000. Finally, Franklin Resources Inc. increased its holdings in Stellantis by 74.7% during the third 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. 59.48% of the stock is owned by institutional investors.

Stellantis Price Performance

NYSE:STLA traded down $0.16 during mid-day trading on Monday, hitting $9.27. 17,575,823 shares of the stock traded hands, compared to its average volume of 10,630,880. The business's 50-day moving average price is $11.69 and its 200 day moving average price is $12.65. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a market cap of $28.02 billion, a PE ratio of 2.72 and a beta of 1.44. Stellantis has a 12-month low of $8.39 and a 12-month high of $25.05.

Stellantis Announces Dividend

The company 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. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis's payout ratio is currently 20.82%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on STLA shares. Cowen initiated coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a "hold" rating for the company. Piper Sandler lowered Stellantis from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. UBS Group downgraded Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, TD Cowen assumed coverage on Stellantis in a research note on Friday, March 7th. They issued a "hold" rating and a $13.00 price objective on the stock. Ten analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $16.49.

Stellantis Company Profile

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.