Capital International Investors Has $227.47 Million Stock Position in Stellantis (NYSE:STLA)

Capital International Investors lowered its position in Stellantis (NYSE:STLA - Free Report) by 41.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,332,180 shares of the company's stock after selling 12,479,584 shares during the quarter. Capital International Investors owned 0.57% of Stellantis worth $227,471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Stellantis in the 4th quarter valued at about $609,076,000. Bridgewater Associates LP acquired a new stake in shares of Stellantis in the fourth quarter valued at approximately $999,000. Korea Investment CORP grew its stake in shares of Stellantis by 32.1% in the fourth quarter. Korea Investment CORP now owns 1,305,558 shares of the company's stock worth $17,020,000 after purchasing an additional 317,091 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Stellantis by 3.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,529,083 shares of the company's stock valued at $59,045,000 after buying an additional 162,201 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Stellantis during the fourth quarter valued at approximately $1,151,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STLA has been the subject of several research reports. Piper Sandler cut Stellantis from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Cowen assumed coverage on shares of Stellantis in a research note on Thursday, March 6th. They set a "hold" rating for the company. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday. UBS Group downgraded Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Finally, TD Cowen initiated coverage on Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 target price on the stock. Twelve research 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 stock has an average rating of "Hold" and a consensus price target of $16.49.

Stellantis Stock Up 0.4 %

NYSE STLA traded up $0.04 on Friday, reaching $9.37. The stock had a trading volume of 3,324,139 shares, compared to its average volume of 10,743,306. The business has a 50 day moving average price of $11.42 and a 200 day moving average price of $12.57. Stellantis has a 1 year low of $8.39 and a 1 year high of $25.05. The company has a market capitalization of $28.31 billion, a price-to-earnings ratio of 2.75 and a beta of 1.44. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Stellantis Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 24th will be issued a dividend of $0.5032 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's dividend payout ratio (DPR) 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.