Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in Stellantis (NYSE:STLA - Free Report) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,009,145 shares of the company's stock after selling 227,635 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.10% of Stellantis worth $70,415,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Rhumbline Advisers grew its position in shares of Stellantis by 2.3% in the 3rd quarter. Rhumbline Advisers now owns 25,711 shares of the company's stock valued at $492,000 after buying an additional 580 shares during the last quarter. Five Oceans Advisors grew its position in shares of Stellantis by 5.0% in the 4th quarter. Five Oceans Advisors now owns 12,410 shares of the company's stock valued at $289,000 after buying an additional 593 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Stellantis by 2.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 21,305 shares of the company's stock worth $408,000 after purchasing an additional 596 shares during the period. IFP Advisors Inc boosted its stake in Stellantis by 20.6% during the 3rd quarter. IFP Advisors Inc now owns 3,495 shares of the company's stock worth $67,000 after purchasing an additional 598 shares during the period. Finally, Smithfield Trust Co boosted its stake in Stellantis by 23.0% during the 3rd quarter. Smithfield Trust Co now owns 3,589 shares of the company's stock worth $69,000 after purchasing an additional 670 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.
Stellantis Stock Performance
Shares of NYSE STLA traded down $0.03 during midday trading on Thursday, hitting $25.76. The company had a trading volume of 6,328,111 shares, compared to its average volume of 5,454,451. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24. Stellantis has a twelve month low of $15.07 and a twelve month high of $29.51. The business has a 50-day simple moving average of $26.94 and a two-hundred day simple moving average of $23.17.
Stellantis Dividend Announcement
The business also recently disclosed an annual dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be paid a $1.147 dividend. This represents a dividend yield of 4.55%. The ex-dividend date is Monday, April 22nd.
Insider Activity at Stellantis
In related news, major shareholder N.V. Stellantis acquired 750,000 shares of Stellantis stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average price of $5.19 per share, for a total transaction of $3,892,500.00. Following the completion of the purchase, the insider now directly owns 39,351,720 shares of the company's stock, valued at $204,235,426.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased 3,150,000 shares of company stock worth $15,724,500 over the last 90 days. Company insiders own 0.02% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Stellantis in a research note on Thursday, February 1st. They set an "outperform" rating for the company. Berenberg Bank reiterated a "hold" rating on shares of Stellantis in a research note on Tuesday, March 26th. HSBC cut shares of Stellantis from a "buy" rating to a "hold" rating in a research note on Wednesday, January 24th. Redburn Atlantic started coverage on shares of Stellantis in a research note on Wednesday, January 24th. They set a "buy" rating for the company. Finally, Piper Sandler started coverage on shares of Stellantis in a research note on Friday, March 15th. They issued an "overweight" rating and a $39.00 target price for the company. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $30.28.
Read Our Latest Research Report on STLA
About Stellantis
(
Free Report)
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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