Wealth Enhancement Advisory Services LLC Cuts Stock Holdings in Stellantis (NYSE:STLA)

Wealth Enhancement Advisory Services LLC decreased its stake in shares of Stellantis (NYSE:STLA) by 61.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,922 shares of the company’s stock after selling 26,680 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Stellantis were worth $221,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of STLA. Empowered Funds LLC boosted its position in shares of Stellantis by 6.2% during the fourth quarter. Empowered Funds LLC now owns 46,925 shares of the company’s stock valued at $612,000 after buying an additional 2,731 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Stellantis during the fourth quarter valued at approximately $133,000. Private Advisor Group LLC boosted its position in shares of Stellantis by 46.7% during the fourth quarter. Private Advisor Group LLC now owns 17,965 shares of the company’s stock valued at $234,000 after buying an additional 5,719 shares during the last quarter. Ieq Capital LLC purchased a new position in shares of Stellantis during the fourth quarter valued at approximately $163,000. Finally, Cromwell Holdings LLC boosted its position in shares of Stellantis by 126.7% during the fourth quarter. Cromwell Holdings LLC now owns 6,784 shares of the company’s stock valued at $89,000 after buying an additional 3,791 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

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

Stellantis Stock Performance

Shares of STLA opened at $9.86 on Tuesday. The firm has a market cap of $29.82 billion, a PE ratio of 2.89 and a beta of 1.47. The stock’s fifty day moving average price is $9.86 and its two-hundred day moving average price is $11.72. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 1 year low of $8.39 and a 1 year high of $21.05.

Stellantis Dividend Announcement

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

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.