Wellington Management Group LLP Sells 116,925 Shares of Stellantis (NYSE:STLA)

Wellington Management Group LLP lessened its position in Stellantis (NYSE:STLA - Free Report) by 39.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 181,082 shares of the company's stock after selling 116,925 shares during the period. Wellington Management Group LLP's holdings in Stellantis were worth $2,362,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 target price on the stock. UBS Group downgraded Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Finally, Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and cut their target price for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $16.49.

Stellantis Price Performance

STLA traded up $0.20 on Friday, hitting $9.88. 10,849,918 shares of the company's stock traded hands, compared to its average volume of 11,485,386. Stellantis has a one year low of $8.39 and a one year high of $21.96. 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 firm has a market cap of $29.87 billion, a price-to-earnings ratio of 2.90 and a beta of 1.47. The company's 50 day simple moving average is $9.83 and its 200-day simple moving average is $11.88.

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 of this dividend was Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis's dividend payout ratio is currently 20.82%.

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.