Mackenzie Financial Corp Sells 395,961 Shares of Stellantis (NYSE:STLA)

Mackenzie Financial Corp decreased its holdings in Stellantis (NYSE:STLA - Free Report) by 46.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 449,214 shares of the company's stock after selling 395,961 shares during the period. Mackenzie Financial Corp's holdings in Stellantis were worth $5,862,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new position in Stellantis in the fourth quarter worth approximately $26,000. Mpwm Advisory Solutions LLC acquired a new position in Stellantis in the fourth quarter worth approximately $29,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Stellantis in the fourth quarter worth approximately $47,000. WealthCollab LLC increased its holdings in Stellantis by 96.5% in the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company's stock worth $60,000 after buying an additional 2,256 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in Stellantis in the fourth quarter worth approximately $65,000. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Stock Performance

Shares of STLA traded down $0.35 during mid-day trading on Monday, hitting $9.80. The company's stock had a trading volume of 15,186,683 shares, compared to its average volume of 11,371,227. Stellantis has a one year low of $8.39 and a one year high of $22.22. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The firm has a market capitalization of $29.61 billion, a PE ratio of 2.87 and a beta of 1.45. The stock's 50-day moving average is $9.93 and its two-hundred day moving average is $11.93.

Stellantis Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were given a $0.5032 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis's dividend payout ratio is 20.82%.

Analyst Upgrades and Downgrades

STLA has been the topic of a number of research reports. Piper Sandler downgraded 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. TD Cowen began coverage on Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 target price for the company. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Finally, Cowen began coverage on Stellantis in a research report on Thursday, March 6th. They set a "hold" rating for the company. Twelve research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Stellantis currently has an average rating of "Hold" and an average target price of $16.49.

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.