Stratos Wealth Partners LTD. Reduces Position in Stellantis (NYSE:STLA)

Stratos Wealth Partners LTD. decreased its holdings in shares of Stellantis (NYSE:STLA) by 54.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,739 shares of the company’s stock after selling 11,566 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Stellantis were worth $227,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Cary Street Partners Investment Advisory LLC acquired a new position in Stellantis in the third quarter valued at about $26,000. Financial Management Professionals Inc. lifted its position in Stellantis by 307.4% in the third quarter. Financial Management Professionals Inc. now owns 1,707 shares of the company’s stock valued at $33,000 after buying an additional 1,288 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in Stellantis in the fourth quarter valued at about $40,000. Solstein Capital LLC acquired a new stake in shares of Stellantis during the fourth quarter worth about $50,000. Finally, Global Retirement Partners LLC lifted its position in shares of Stellantis by 953.6% during the third quarter. Global Retirement Partners LLC now owns 2,318 shares of the company’s stock worth $43,000 after purchasing an additional 2,098 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

Shares of Stellantis stock opened at $25.80 on Wednesday. The firm has a market capitalization of $80.81 billion, a P/E ratio of 4.23, a P/E/G ratio of 0.33 and a beta of 1.60. Stellantis has a 52 week low of $15.07 and a 52 week high of $29.51. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $26.86 and its two-hundred day moving average is $23.13.

Stellantis Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be paid a $1.147 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a yield of 4.55%. Stellantis’s dividend payout ratio is currently 27.05%.

Analysts Set New Price Targets

Several analysts have recently issued reports on STLA shares. Morgan Stanley increased their price target on shares of Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Wolfe Research started coverage on shares of Stellantis in a research report on Thursday, February 1st. They set an “outperform” rating on the stock. Piper Sandler started coverage on shares of Stellantis in a research report on Friday, March 15th. They set an “overweight” rating and a $39.00 price target on the stock. HSBC cut shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, Redburn Atlantic started coverage on shares of Stellantis in a research report on Wednesday, January 24th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Stellantis has a consensus rating of “Hold” and a consensus price target of $30.28.

Insider Buying and Selling at Stellantis

In related news, major shareholder N.V. Stellantis purchased 800,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $4.60 per share, for a total transaction of $3,680,000.00. Following the completion of the purchase, the insider now directly owns 35,451,720 shares of the company’s stock, valued at approximately $163,077,912. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 3,150,000 shares of company stock worth $15,724,500 over the last three months.

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.