Stellantis (NYSE:STLA) Shares Bought by Sfmg LLC

Sfmg LLC increased its stake in shares of Stellantis (NYSE:STLA) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 236,773 shares of the company’s stock after acquiring an additional 3,370 shares during the period. Stellantis comprises 0.5% of Sfmg LLC’s holdings, making the stock its 26th largest position. Sfmg LLC’s holdings in Stellantis were worth $5,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of STLA. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Stellantis by 13.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,335,524 shares of the company’s stock valued at $31,202,000 after buying an additional 162,388 shares during the period. DGS Capital Management LLC raised its holdings in Stellantis by 5.1% in the 4th quarter. DGS Capital Management LLC now owns 77,076 shares of the company’s stock worth $1,797,000 after purchasing an additional 3,734 shares during the period. SVB Wealth LLC grew its holdings in Stellantis by 6.2% in the fourth quarter. SVB Wealth LLC now owns 13,480 shares of the company’s stock valued at $314,000 after purchasing an additional 786 shares during the period. Sutton Place Investors LLC acquired a new position in shares of Stellantis during the 4th quarter worth approximately $231,000. Finally, Janiczek Wealth Management LLC increased its holdings in Stellantis by 20.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 27,781 shares of the company’s stock worth $648,000 after acquiring an additional 4,772 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder N.V. Stellantis purchased 800,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average price of $4.83 per share, for a total transaction of $3,864,000.00. Following the purchase, the insider now directly owns 36,251,720 shares of the company’s stock, valued at approximately $175,095,807.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 3,150,000 shares of company stock worth $15,724,500 in the last ninety days.

Stellantis Stock Down 1.7 %

STLA stock traded down $0.45 during trading on Wednesday, hitting $25.80. 4,617,588 shares of the company’s stock were exchanged, compared to its average volume of 4,810,319. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. Stellantis has a 52-week low of $15.07 and a 52-week high of $29.51. The business has a 50-day moving average price of $26.86 and a two-hundred day moving average price of $23.13.

Stellantis Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a $1.147 dividend. This represents a dividend yield of 4.55%. The ex-dividend date is Monday, April 22nd.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STLA. Wolfe Research began coverage on shares of Stellantis in a research note on Thursday, February 1st. They set an “outperform” rating for the company. HSBC downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Morgan Stanley lifted their target price on Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Sanford C. Bernstein lowered shares of Stellantis from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 28th. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.28.

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.