Michels Family Financial LLC Takes Position in Stellantis (NYSE:STLA)

Michels Family Financial LLC acquired a new position in Stellantis (NYSE:STLA) during the 4th quarter, HoldingsChannel reports. The fund acquired 28,771 shares of the company’s stock, valued at approximately $375,000.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in Stellantis during the 4th quarter worth $609,076,000. Bridgewater Associates LP bought a new position in shares of Stellantis during the fourth quarter worth about $999,000. Korea Investment CORP lifted 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 acquiring an additional 317,091 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Stellantis by 3.7% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,529,083 shares of the company’s stock valued at $59,045,000 after acquiring an additional 162,201 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Stellantis in the fourth quarter valued at approximately $1,151,000. Institutional investors own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. TD Cowen started coverage on shares of Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 price target for the company. DZ Bank raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 22nd. UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. Cowen started coverage on Stellantis in a report on Thursday, March 6th. They set a “hold” rating for the company. Finally, Redburn Atlantic downgraded Stellantis from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 22nd. 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.49.

Stellantis Trading Down 4.0%

NYSE:STLA opened at $9.94 on Friday. Stellantis has a 12 month low of $8.39 and a 12 month high of $22.61. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $30.04 billion, a price-to-earnings ratio of 2.91 and a beta of 1.45. The firm has a fifty day simple moving average of $10.18 and a two-hundred day simple moving average of $12.09.

Stellantis Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were given a $0.5032 dividend. This represents a yield of 6.07%. The ex-dividend date was Wednesday, April 23rd. Stellantis’s payout ratio is 20.82%.

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.