Envestnet Asset Management Inc. lessened its holdings in shares of Stellantis (NYSE:STLA - Free Report) by 58.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,986 shares of the company's stock after selling 69,149 shares during the period. Envestnet Asset Management Inc.'s holdings in Stellantis were worth $639,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in Stellantis during the fourth quarter worth approximately $26,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Stellantis during the 4th quarter worth $47,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock valued at $48,000 after acquiring an additional 1,489 shares during the last quarter. Spire Wealth Management grew its holdings in shares of Stellantis by 29.7% in the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company's stock valued at $69,000 after purchasing an additional 1,211 shares during the period. Finally, Central Pacific Bank Trust Division grew its holdings in shares of Stellantis by 160.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company's stock valued at $85,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 59.48% of the company's stock.
Stellantis Stock Down 0.1 %
NYSE STLA traded down $0.01 during trading hours on Friday, hitting $9.87. 6,536,265 shares of the company were exchanged, compared to its average volume of 10,925,844. 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 firm has a market cap of $29.84 billion, a price-to-earnings ratio of 2.89 and a beta of 1.45. The company has a 50 day moving average of $10.61 and a two-hundred day moving average of $12.32. Stellantis has a 52-week low of $8.39 and a 52-week high of $23.37.
Stellantis Announces Dividend
The company also recently announced a dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were issued a $0.5032 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's dividend payout ratio (DPR) is 20.82%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on STLA shares. TD Cowen initiated coverage on shares of Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 target price on the stock. Cowen started coverage on Stellantis in a research report on Thursday, March 6th. They issued a "hold" rating for the company. DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Finally, Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Twelve analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $16.49.
View Our Latest Analysis on Stellantis
Stellantis 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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