Axa S.A. Sells 1,261,729 Shares of Stellantis (NYSE:STLA)

AXA S.A. trimmed its stake in shares of Stellantis (NYSE:STLA - Free Report) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,894,036 shares of the company's stock after selling 1,261,729 shares during the quarter. AXA S.A. owned approximately 0.26% of Stellantis worth $99,812,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in STLA. Vanguard Group Inc. boosted its position in Stellantis by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company's stock valued at $1,099,842,000 after purchasing an additional 2,102,528 shares during the period. Norges Bank acquired a new position in shares of Stellantis during the fourth quarter valued at $609,076,000. Marshall Wace LLP grew its position in shares of Stellantis by 72,446.0% during the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock worth $226,899,000 after acquiring an additional 17,376,176 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Stellantis by 24.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company's stock worth $185,626,000 after acquiring an additional 2,839,709 shares during the period. Finally, AustralianSuper Pty Ltd boosted its stake in Stellantis by 34.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company's stock valued at $159,495,000 after purchasing an additional 3,121,462 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Price Performance

Shares of STLA traded down $0.12 during trading hours on Monday, hitting $9.47. The stock had a trading volume of 7,732,989 shares, compared to its average volume of 10,889,708. The company's fifty day moving average is $10.79 and its two-hundred day moving average is $12.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 52 week low of $8.39 and a 52 week high of $23.37. The stock has a market capitalization of $28.64 billion, a price-to-earnings ratio of 2.78 and a beta of 1.45.

Stellantis Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be given a dividend of $0.5032 per share. The ex-dividend date is Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's dividend payout ratio (DPR) is 20.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Cowen started coverage on Stellantis in a research report 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, April 22nd. TD Cowen started coverage on shares of Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 price target on the stock. UBS Group cut shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Finally, Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Twelve investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $16.49.

Stellantis Company 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.