TD Asset Management Inc Decreases Position in Stellantis (NYSE:STLA)

TD Asset Management Inc reduced its stake in Stellantis (NYSE:STLAFree Report) by 22.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 496,300 shares of the company’s stock after selling 145,233 shares during the quarter. TD Asset Management Inc’s holdings in Stellantis were worth $11,596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in STLA. IPG Investment Advisors LLC acquired a new position in Stellantis in the fourth quarter valued at $234,000. United Services Automobile Association increased its stake in Stellantis by 10.3% during the fourth quarter. United Services Automobile Association now owns 78,571 shares of the company’s stock worth $1,835,000 after acquiring an additional 7,359 shares during the last quarter. Freemont Management S.A. acquired a new stake in Stellantis during the fourth quarter worth about $3,032,000. Cape Investment Advisory Inc. increased its stake in Stellantis by 424.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock worth $50,000 after acquiring an additional 1,736 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its stake in Stellantis by 52.0% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 23,803 shares of the company’s stock worth $555,000 after acquiring an additional 8,148 shares during the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Piper Sandler started coverage on Stellantis in a research note on Friday, March 15th. They set an “overweight” rating and a $39.00 price target for the company. Sanford C. Bernstein lowered Stellantis from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. Morgan Stanley increased their target price on Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Berenberg Bank reiterated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. Finally, Nomura reissued a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. One equities 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 stock. According to data from MarketBeat.com, Stellantis presently has a consensus rating of “Hold” and a consensus target price of $30.28.

Get Our Latest Analysis on Stellantis

Insiders Place Their Bets

In other news, major shareholder N.V. Stellantis bought 800,000 shares of Stellantis stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $5.36 per share, with a total value of $4,288,000.00. Following the acquisition, the insider now directly owns 37,851,720 shares in the company, valued at approximately $202,885,219.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 3,150,000 shares of company stock valued at $15,724,500 in the last quarter.

Stellantis Trading Down 1.3 %

NYSE:STLA opened at $21.99 on Tuesday. 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 business’s 50 day moving average is $24.36 and its two-hundred day moving average is $24.02. Stellantis has a 52 week low of $15.59 and a 52 week high of $29.51.

Stellantis Announces Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a dividend of $1.147 per share. This represents a yield of 4.55%. The ex-dividend date of this dividend was Monday, April 22nd.

Stellantis Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Stellantis (NYSE:STLA)

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