Banque Pictet & Cie SA purchased a new position in shares of Stellantis N.V. (NYSE:STLA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,653 shares of the company's stock, valued at approximately $351,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Stellantis by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company's stock valued at $1,099,842,000 after buying an additional 2,102,528 shares during the last quarter. Norges Bank purchased a new position in shares of Stellantis during the 4th quarter valued at about $609,076,000. Marshall Wace LLP raised its stake 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 buying an additional 17,376,176 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Stellantis by 24.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company's stock valued at $185,626,000 after buying an additional 2,839,709 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Stellantis by 25.7% during the 4th quarter. Franklin Resources Inc. now owns 9,563,705 shares of the company's stock valued at $124,309,000 after buying an additional 1,958,142 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.
Analyst Ratings Changes
STLA has been the subject of several research reports. UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, July 2nd. Jefferies Financial Group raised Stellantis from a "hold" rating to a "buy" rating and increased their target price for the company from $10.25 to $13.20 in a report on Wednesday, June 25th. Piper Sandler lowered Stellantis from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Finally, Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $12.74.
View Our Latest Stock Analysis on STLA
Stellantis Stock Performance
Shares of STLA traded down $0.31 during mid-day trading on Friday, hitting $10.06. 27,161,239 shares of the company's stock were exchanged, compared to its average volume of 12,857,541. Stellantis N.V. has a fifty-two week low of $8.39 and a fifty-two week high of $21.05. The business's 50 day moving average is $10.06 and its two-hundred day moving average is $11.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.81.
Stellantis Announces Dividend
The firm also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were paid a dividend of $0.5032 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a dividend yield of 6.07%.
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.
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