Michels Family Financial LLC Takes $375,000 Position in Stellantis (NYSE:STLA)

Michels Family Financial LLC bought a new stake in Stellantis (NYSE:STLA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 28,771 shares of the company's stock, valued at approximately $375,000.

A number of other institutional investors have also modified their holdings of the stock. Orion Portfolio Solutions LLC grew its position in shares of Stellantis by 7.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company's stock valued at $211,000 after buying an additional 1,149 shares during the last quarter. Spire Wealth Management grew its holdings in shares of Stellantis by 29.7% during 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 last quarter. Glenorchy Capital Ltd raised its position in shares of Stellantis by 4.9% during the 4th quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock worth $375,000 after purchasing an additional 1,340 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Stellantis by 10.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock worth $212,000 after purchasing an additional 1,481 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in 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 purchasing an additional 1,489 shares during the period. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Price Performance

Shares of NYSE STLA traded up $0.59 during midday trading on Tuesday, reaching $10.48. 12,368,247 shares of the company traded hands, compared to its average volume of 11,253,376. Stellantis has a 12 month low of $8.39 and a 12 month high of $22.61. 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 stock's 50-day simple moving average is $10.13 and its 200-day simple moving average is $12.04. The firm has a market cap of $31.68 billion, a PE ratio of 3.07 and a beta of 1.45.

Stellantis Dividend Announcement

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

Analyst Ratings Changes

STLA has been the topic of a number of recent research reports. DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Piper Sandler cut shares of 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. Redburn Atlantic cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. TD Cowen began coverage on Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 price objective for the company. Finally, Cowen assumed 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $16.49.

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.