San Luis Wealth Advisors LLC Acquires New Shares in Stellantis (NYSE:STLA)

San Luis Wealth Advisors LLC acquired a new position in shares of Stellantis (NYSE:STLA - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 59,554 shares of the company's stock, valued at approximately $638,000.

Several other large investors have also recently added to or reduced their stakes in STLA. Mpwm Advisory Solutions LLC acquired a new position in shares of Stellantis during the fourth quarter valued at $29,000. GAMMA Investing LLC boosted its stake in Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock valued at $35,000 after purchasing an additional 2,538 shares during the period. Farther Finance Advisors LLC grew its position in Stellantis by 54.5% in the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after purchasing an additional 1,167 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Stellantis in the fourth quarter valued at approximately $47,000. Finally, WealthCollab LLC increased its stake in shares of Stellantis by 96.5% in the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company's stock valued at $60,000 after purchasing an additional 2,256 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Redburn Atlantic downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. TD Cowen assumed coverage on shares of Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 price objective for the company. Cowen assumed coverage on shares of Stellantis in a report on Thursday, March 6th. They issued a "hold" rating for the company. Finally, UBS Group downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Twelve investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $16.49.

Stellantis Stock Up 1.7%

STLA opened at $9.86 on Tuesday. Stellantis has a 1-year low of $8.39 and a 1-year high of $21.05. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $29.82 billion, a price-to-earnings ratio of 2.89 and a beta of 1.47. The business has a 50 day moving average of $9.86 and a 200-day moving average of $11.72.

Stellantis Dividend Announcement

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

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