Stellantis (NYSE:STLA) Shares Sold by Capital International Investors

Capital International Investors cut its stake in Stellantis (NYSE:STLA - Free Report) by 41.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,332,180 shares of the company's stock after selling 12,479,584 shares during the period. Capital International Investors owned 0.57% of Stellantis worth $227,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of STLA. Norges Bank acquired a new position in Stellantis in the 4th quarter worth approximately $609,076,000. Marshall Wace LLP raised its holdings in shares of Stellantis by 72,446.0% during the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock worth $226,899,000 after purchasing an additional 17,376,176 shares during the last quarter. Banco Santander S.A. lifted its position in Stellantis by 282.2% during the fourth quarter. Banco Santander S.A. now owns 7,258,025 shares of the company's stock valued at $94,717,000 after purchasing an additional 5,359,190 shares during the period. Generali Asset Management SPA SGR purchased a new stake in Stellantis in the fourth quarter valued at $53,858,000. Finally, Franklin Resources Inc. grew 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 purchasing an additional 3,252,492 shares during the period. Hedge funds and other institutional investors own 59.48% of the company's stock.

Wall Street Analysts Forecast Growth

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

Stellantis Price Performance

Stellantis stock opened at $9.42 on Friday. The stock has a market capitalization of $28.46 billion, a P/E ratio of 2.76 and a beta of 1.44. The company's fifty day moving average price is $11.77 and its 200 day moving average price is $12.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a 1 year low of $8.39 and a 1 year high of $25.05.

Stellantis Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, May 5th. Stockholders 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 dividend yield of 6.07%. Stellantis's dividend payout ratio (DPR) is 20.82%.

Stellantis 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.

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