Stellantis (NYSE:STLA) Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC grew its position in Stellantis (NYSE:STLA) by 14.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,487 shares of the company’s stock after acquiring an additional 22,801 shares during the period. Sound Income Strategies LLC’s holdings in Stellantis were worth $5,051,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in STLA. EverSource Wealth Advisors LLC raised its holdings in Stellantis by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,863 shares of the company’s stock worth $253,000 after purchasing an additional 430 shares during the last quarter. Five Oceans Advisors boosted its position in shares of Stellantis by 5.0% in the 4th quarter. Five Oceans Advisors now owns 12,410 shares of the company’s stock worth $289,000 after buying an additional 593 shares in the last quarter. CWM LLC grew its stake in Stellantis by 11.6% in the 4th quarter. CWM LLC now owns 6,439 shares of the company’s stock valued at $150,000 after acquiring an additional 669 shares during the last quarter. SVB Wealth LLC increased its holdings in Stellantis by 6.2% during the 4th quarter. SVB Wealth LLC now owns 13,480 shares of the company’s stock valued at $314,000 after acquiring an additional 786 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in Stellantis by 9.6% during the first quarter. Park Avenue Securities LLC now owns 9,534 shares of the company’s stock worth $271,000 after acquiring an additional 837 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on STLA shares. Berenberg Bank reiterated a “hold” rating on shares of Stellantis in a research report on Tuesday, March 26th. Piper Sandler initiated coverage on shares of Stellantis in a research note on Friday, March 15th. They issued an “overweight” rating and a $39.00 target price for the company. Sanford C. Bernstein cut shares of Stellantis from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. Barclays raised shares of Stellantis to a “strong-buy” rating in a research report on Monday, June 17th. Finally, Nomura reaffirmed a “neutral” rating on shares of Stellantis in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Stellantis has a consensus rating of “Moderate Buy” and a consensus price target of $30.28.

Stellantis Stock Up 0.7 %

Stellantis stock traded up $0.14 during midday trading on Wednesday, reaching $20.73. The stock had a trading volume of 6,271,532 shares, compared to its average volume of 5,761,276. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. The stock’s 50-day simple moving average is $22.38 and its 200 day simple moving average is $24.00. Stellantis has a twelve month low of $16.58 and a twelve month high of $29.51.

Stellantis Dividend Announcement

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

About Stellantis

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.