Dnca Finance Sells 64,725 Shares of Stellantis (NYSE:STLA)

Dnca Finance reduced its stake in Stellantis (NYSE:STLA) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 759,230 shares of the company’s stock after selling 64,725 shares during the period. Dnca Finance’s holdings in Stellantis were worth $9,902,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Virtu Financial LLC grew its position in shares of Stellantis by 148.8% in the 3rd quarter. Virtu Financial LLC now owns 48,303 shares of the company’s stock worth $679,000 after buying an additional 28,891 shares during the period. SkyView Investment Advisors LLC boosted its stake in Stellantis by 5.2% during the third quarter. SkyView Investment Advisors LLC now owns 181,148 shares of the company’s stock worth $2,552,000 after acquiring an additional 8,988 shares in the last quarter. Te Ahumairangi Investment Management Ltd grew its holdings in Stellantis by 28.3% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock worth $7,408,000 after purchasing an additional 118,635 shares during the period. World Investment Advisors LLC bought a new position in shares of Stellantis during the third quarter valued at approximately $1,324,000. Finally, Franklin Resources Inc. increased its stake in shares of Stellantis by 74.7% during the third quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after purchasing an additional 3,252,492 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Price Performance

STLA opened at $9.42 on Friday. The company’s 50-day simple moving average is $11.77 and its two-hundred day simple moving average is $12.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The stock has a market capitalization of $28.46 billion, a P/E ratio of 2.76 and a beta of 1.44. Stellantis has a 52-week low of $8.39 and a 52-week high of $25.96.

Stellantis Dividend Announcement

The business also recently disclosed 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%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on STLA shares. Piper Sandler downgraded Stellantis from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Cowen initiated coverage on Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating on the stock. TD Cowen started coverage on Stellantis in a research report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target for the company. Finally, UBS Group downgraded shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. Ten research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Stellantis currently has a consensus rating of “Hold” and an average price target 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.