Stellantis (NYSE:STLA) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in Stellantis (NYSE:STLA) by 11.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 56,182 shares of the company’s stock after buying an additional 5,894 shares during the quarter. Cetera Investment Advisers’ holdings in Stellantis were worth $734,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in Stellantis in the 4th quarter valued at approximately $26,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Stellantis in the fourth quarter worth $47,000. WealthCollab LLC increased its holdings in shares of Stellantis by 96.5% during the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company’s stock valued at $60,000 after purchasing an additional 2,256 shares during the period. Spire Wealth Management raised its stake in shares of Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after purchasing an additional 1,211 shares in the last quarter. Finally, Life Planning Partners Inc bought a new stake in shares of Stellantis during the fourth quarter valued at about $85,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of Stellantis in a research report on Friday, March 7th. They issued a “hold” rating and a $13.00 target price for the company. UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a report on Monday, April 14th. Cowen initiated coverage on Stellantis in a report on Thursday, March 6th. They set a “hold” rating on the stock. DZ Bank upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. Finally, Piper Sandler cut Stellantis from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Twelve investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.49.

Stellantis Price Performance

Shares of NYSE:STLA opened at $9.94 on Monday. The company has a market capitalization of $30.04 billion, a PE ratio of 2.91 and a beta of 1.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The stock has a fifty day moving average of $10.18 and a 200-day moving average of $12.07. Stellantis has a one year low of $8.39 and a one year high of $22.61.

Stellantis Announces Dividend

The business also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were given a dividend of $0.5032 per share. This represents a dividend yield of 6.07%. The ex-dividend date of this dividend was Wednesday, April 23rd. Stellantis’s dividend payout ratio (DPR) is presently 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.