Stellantis (NYSE:STLA - Get Free Report) announced a dividend on Saturday, April 13th, investing.com reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 1.147 per share on Friday, May 3rd. This represents a dividend yield of 4.55%. The ex-dividend date is Monday, April 22nd.
Stellantis Stock Down 4.0 %
Shares of NYSE STLA traded down $1.08 during mid-day trading on Friday, reaching $25.94. The company had a trading volume of 6,754,250 shares, compared to its average volume of 4,760,648. The stock has a fifty day moving average of $26.73 and a two-hundred day moving average of $23.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. Stellantis has a 12-month low of $15.07 and a 12-month high of $29.51.
Insider Buying and Selling
In other Stellantis news, major shareholder N.V. Stellantis purchased 800,000 shares of the stock in a transaction on Friday, March 8th. The shares were purchased at an average price of $4.60 per share, with a total value of $3,680,000.00. Following the acquisition, the insider now directly owns 35,451,720 shares of the company's stock, valued at approximately $163,077,912. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders have purchased 3,150,000 shares of company stock valued at $15,724,500. 0.02% of the stock is owned by company insiders.
Institutional Investors Weigh In On Stellantis
Several large investors have recently made changes to their positions in STLA. Bessemer Group Inc. grew its holdings in Stellantis by 183.5% during the 4th quarter. Bessemer Group Inc. now owns 4,646 shares of the company's stock worth $66,000 after acquiring an additional 3,007 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Stellantis by 72.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,709 shares of the company's stock valued at $110,000 after purchasing an additional 1,978 shares during the period. Tower Research Capital LLC TRC lifted its position in Stellantis by 245.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,303 shares of the company's stock valued at $122,000 after purchasing an additional 7,319 shares during the period. Advisor Partners II LLC acquired a new position in Stellantis during the 4th quarter valued at about $144,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Stellantis during the 4th quarter valued at about $146,000. Institutional investors own 59.48% of the company's stock.
Wall Street Analyst Weigh In
STLA has been the subject of several analyst reports. Wolfe Research assumed coverage on Stellantis in a report on Thursday, February 1st. They issued an "outperform" rating for the company. HSBC lowered shares of Stellantis from a "buy" rating to a "hold" rating in a research report on Wednesday, January 24th. Piper Sandler started coverage on Stellantis in a research report on Friday, March 15th. They issued an "overweight" rating and a $39.00 price target on the stock. Berenberg Bank reissued a "hold" rating on shares of Stellantis in a research report on Tuesday, March 26th. Finally, Redburn Atlantic started coverage on Stellantis in a report on Wednesday, January 24th. They issued a "buy" rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $30.28.
Check Out Our Latest Report on Stellantis
Stellantis Company Profile
(
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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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