OneDigital Investment Advisors LLC raised its holdings in shares of Stellantis (NYSE:STLA - Free Report) by 27.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,048 shares of the company's stock after buying an additional 47,973 shares during the period. OneDigital Investment Advisors LLC's holdings in Stellantis were worth $2,924,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new stake in shares of Stellantis during the fourth quarter valued at approximately $26,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Stellantis during the 4th quarter valued at $47,000. MassMutual Private Wealth & Trust FSB increased its stake in Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock worth $48,000 after buying an additional 1,489 shares during the period. Spire Wealth Management lifted its holdings in 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 buying an additional 1,211 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its position in Stellantis by 160.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company's stock valued at $85,000 after buying an additional 4,000 shares during the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.
Stellantis Stock Up 2.7 %
STLA stock opened at $9.51 on Wednesday. The firm has a market cap of $28.75 billion, a price-to-earnings ratio of 2.79 and a beta of 1.44. Stellantis has a 1-year low of $8.39 and a 1-year high of $25.05. The firm has a fifty day moving average price of $11.61 and a two-hundred day moving average price of $12.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.
Stellantis Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be given a dividend of $0.5032 per share. This represents a dividend yield of 6.07%. The ex-dividend date of this dividend is Wednesday, April 23rd. Stellantis's dividend payout ratio is presently 20.82%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on STLA shares. Piper Sandler lowered Stellantis from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $23.00 to $13.00 in a research 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 target price on the stock. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday. Finally, Cowen assumed coverage on shares of Stellantis in a research note on Thursday, March 6th. They set a "hold" rating on the stock. Eleven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $16.49.
Read Our Latest Stock Report on Stellantis
Stellantis Company Profile
(
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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