Dimensional Fund Advisors LP grew its holdings in shares of Stellantis (NYSE:STLA - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,714,044 shares of the company's stock after buying an additional 72,682 shares during the period. Dimensional Fund Advisors LP owned 0.29% of Stellantis worth $113,718,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in STLA. Geneos Wealth Management Inc. bought a new stake in Stellantis during the 4th quarter valued at $26,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Stellantis during the fourth quarter valued at $47,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock valued at $48,000 after purchasing an additional 1,489 shares in the last quarter. Spire Wealth Management lifted its holdings in Stellantis by 29.7% in the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company's stock worth $69,000 after purchasing an additional 1,211 shares during the period. Finally, Central Pacific Bank Trust Division grew 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 in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. TD Cowen started coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a "hold" rating and a $13.00 price target for the company. UBS Group downgraded Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Cowen initiated coverage on Stellantis in a report on Thursday, March 6th. They issued a "hold" rating for the company. Finally, DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Twelve investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $16.49.
Get Our Latest Research Report on STLA
Stellantis Stock Performance
Shares of STLA opened at $9.41 on Friday. Stellantis has a one year low of $8.39 and a one year high of $25.05. The company has a 50-day moving average of $11.32 and a two-hundred day moving average of $12.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The stock has a market cap of $28.45 billion, a price-to-earnings 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. Shareholders 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 dividend payout ratio (DPR) is currently 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.
See Also
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