Wealth Enhancement Advisory Services LLC Sells 26,680 Shares of Stellantis N.V. (NYSE:STLA)

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 61.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,922 shares of the company's stock after selling 26,680 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Stellantis were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Stellantis in the 4th quarter valued at $815,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Stellantis in the 4th quarter valued at $93,779,000. Michels Family Financial LLC bought a new stake in shares of Stellantis in the 4th quarter valued at $375,000. Sunbelt Securities Inc. bought a new stake in shares of Stellantis in the 4th quarter valued at $65,000. Finally, GTS Securities LLC increased its position in shares of Stellantis by 194.7% in the 4th quarter. GTS Securities LLC now owns 132,180 shares of the company's stock valued at $1,725,000 after buying an additional 271,803 shares in the last quarter. Institutional investors own 59.48% of the company's stock.

Stellantis Stock Down 0.5%

Shares of Stellantis stock traded down $0.05 during trading hours on Wednesday, reaching $9.54. 9,306,257 shares of the company's stock were exchanged, compared to its average volume of 11,782,526. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $9.85 and a two-hundred day moving average of $11.71. The stock has a market cap of $28.83 billion, a P/E ratio of 2.80 and a beta of 1.47. Stellantis N.V. has a fifty-two week low of $8.39 and a fifty-two week high of $21.05.

Stellantis Announces Dividend

The company also recently announced 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%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Cowen assumed coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a "hold" rating and a $13.00 target price for the company. Cowen assumed coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a "hold" rating for the company. UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Finally, DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Twelve analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $16.49.

Stellantis 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.