OneDigital Investment Advisors LLC Sells 27,773 Shares of Stellantis N.V. (NYSE:STLA)

OneDigital Investment Advisors LLC cut its stake in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,275 shares of the company's stock after selling 27,773 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Stellantis were worth $2,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of STLA. Steward Partners Investment Advisory LLC lifted its holdings in shares of Stellantis by 6.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 32,994 shares of the company's stock worth $431,000 after acquiring an additional 2,115 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Stellantis by 15.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 134,087 shares of the company's stock worth $1,750,000 after acquiring an additional 18,032 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Stellantis in the 4th quarter worth approximately $1,151,000. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Stellantis by 13.0% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 19,501 shares of the company's stock worth $254,000 after acquiring an additional 2,237 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Stellantis in the 4th quarter worth approximately $93,000. 59.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on STLA shares. UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and upped their price target for the company from $10.25 to $13.20 in a report on Wednesday, June 25th. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Finally, Bank of America lowered shares of Stellantis from a "buy" rating to a "neutral" rating and lowered their price target for the company from $16.50 to $11.75 in a report on Monday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.74.

Stellantis Trading Up 0.8%

Stellantis stock traded up $0.09 during mid-day trading on Thursday, reaching $10.37. 28,843,865 shares of the company traded hands, compared to its average volume of 12,751,374. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.81. The firm's 50 day moving average price is $10.04 and its 200 day moving average price is $11.35. The firm has a market capitalization of $31.34 billion, a price-to-earnings ratio of 3.04, a P/E/G ratio of 0.45 and a beta of 1.44. Stellantis N.V. has a 52-week low of $8.39 and a 52-week high of $21.05.

Stellantis Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were given a $0.5032 dividend. This represents a dividend yield of 6.07%. The ex-dividend date was Wednesday, April 23rd. Stellantis's dividend payout ratio is presently 22.58%.

Stellantis Company 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.