Sound Income Strategies LLC Increases Holdings in Stellantis N.V. (NYSE:STLA)

Sound Income Strategies LLC increased its position in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 8.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 345,007 shares of the company's stock after purchasing an additional 27,370 shares during the period. Sound Income Strategies LLC's holdings in Stellantis were worth $3,868,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC increased its stake in Stellantis by 7.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company's stock worth $211,000 after buying an additional 1,149 shares during the period. Farther Finance Advisors LLC grew its stake 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 acquiring an additional 1,167 shares in the last quarter. Glenorchy Capital Ltd increased its position in shares of Stellantis by 4.9% during the fourth quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock worth $375,000 after acquiring an additional 1,340 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Stellantis by 10.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock valued at $212,000 after acquiring an additional 1,481 shares in the last quarter. Finally, Addison Advisors LLC boosted its holdings in shares of Stellantis by 29.0% in the fourth quarter. Addison Advisors LLC now owns 7,170 shares of the company's stock valued at $94,000 after purchasing an additional 1,610 shares during the period. 59.48% of the stock is currently owned by institutional investors.

Stellantis Stock Performance

Shares of Stellantis stock traded down $0.05 during midday trading on Wednesday, hitting $9.54. The company had a trading volume of 9,134,213 shares, compared to its average volume of 11,752,361. The company has a fifty day simple moving average of $9.85 and a 200 day simple moving average of $11.71. The stock has a market cap of $28.83 billion, a price-to-earnings ratio of 2.80 and a beta of 1.47. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. Stellantis N.V. has a 12-month low of $8.39 and a 12-month high of $21.05.

Stellantis Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were issued a $0.5032 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 6.07%.

Analyst Ratings Changes

Several equities research analysts have weighed in on STLA shares. Piper Sandler cut 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 report on Thursday, March 20th. UBS Group downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Cowen began coverage on shares of Stellantis in a research note on Thursday, March 6th. They set a "hold" rating on the stock. Finally, TD Cowen began coverage on Stellantis in a report on Friday, March 7th. They set a "hold" rating and a $13.00 target price for the company. Twelve research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Stellantis currently has a consensus rating of "Hold" and an average price target of $16.49.

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.