Michels Family Financial LLC Purchases New Holdings in Stellantis (NYSE:STLA)

Michels Family Financial LLC acquired a new position in Stellantis (NYSE:STLA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 28,771 shares of the company's stock, valued at approximately $375,000.

A number of other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new position in Stellantis during the 4th quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Stellantis in the 4th quarter worth $29,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Stellantis in the 4th quarter worth $47,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock worth $48,000 after buying an additional 1,489 shares during the period. Finally, WealthCollab LLC lifted its holdings in shares of Stellantis by 96.5% in the 4th 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 period. Institutional investors own 59.48% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Cowen began coverage on Stellantis in a research report on Thursday, March 6th. They issued a "hold" rating for the company. Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. UBS Group downgraded Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Piper Sandler downgraded Stellantis from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Finally, DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Twelve research 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 company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $16.49.

Stellantis Stock Up 1.5%

NYSE STLA traded up $0.16 during trading on Thursday, reaching $10.31. 6,822,879 shares of the company's stock were exchanged, compared to its average volume of 11,267,834. The stock has a market cap of $31.15 billion, a P/E ratio of 3.02 and a beta of 1.45. 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 company has a 50 day moving average price of $10.06 and a two-hundred day moving average price of $12.02. Stellantis has a 1 year low of $8.39 and a 1 year high of $22.31.

Stellantis Announces Dividend

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

About Stellantis

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.