Stellantis (NYSE:STLA) Stock Holdings Decreased by Axa S.A.

Axa S.A. lessened its position in Stellantis (NYSE:STLA) by 13.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new position in shares of Stellantis in the 4th quarter valued at about $26,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Stellantis in the 4th quarter worth approximately $47,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after buying an additional 1,489 shares during the period. WealthCollab LLC grew its holdings in shares of Stellantis by 96.5% during the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company’s stock valued at $60,000 after acquiring an additional 2,256 shares in the last quarter. Finally, Spire Wealth Management increased its stake in shares of Stellantis by 29.7% in the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after acquiring an additional 1,211 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on STLA shares. Cowen assumed 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 report on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective on the stock. UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, April 14th. Redburn Atlantic lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 22nd. Finally, DZ Bank raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 22nd. Twelve research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.49.

Stellantis Price Performance

NYSE STLA opened at $9.59 on Friday. The stock has a 50-day simple moving average of $10.87 and a 200 day simple moving average of $12.42. Stellantis has a twelve month low of $8.39 and a twelve month high of $23.37. The stock has a market capitalization of $28.99 billion, a PE ratio of 2.81 and a beta of 1.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

Stellantis Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, May 5th. Stockholders 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 dividend yield of 6.07%. Stellantis’s dividend payout ratio (DPR) is presently 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.