Wealthstar Advisors LLC Has $579,000 Stock Position in Stellantis (NYSE:STLA)

Wealthstar Advisors LLC reduced its position in shares of Stellantis (NYSE:STLA) by 9.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,470 shares of the company’s stock after selling 2,106 shares during the period. Wealthstar Advisors LLC’s holdings in Stellantis were worth $579,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in STLA. Nvwm LLC purchased a new position in shares of Stellantis in the fourth quarter worth about $885,000. Wells Fargo & Company MN boosted its position in Stellantis by 12.5% during the 4th quarter. Wells Fargo & Company MN now owns 596,174 shares of the company’s stock valued at $13,903,000 after buying an additional 66,427 shares during the period. Cim LLC purchased a new stake in shares of Stellantis in the 4th quarter worth about $1,977,000. Assenagon Asset Management S.A. lifted its position in shares of Stellantis by 122.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 149,052 shares of the company’s stock worth $3,482,000 after purchasing an additional 82,074 shares during the period. Finally, Freemont Management S.A. bought a new position in shares of Stellantis in the 4th quarter worth about $3,032,000. 59.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Berenberg Bank restated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. Piper Sandler assumed coverage on shares of Stellantis in a research report on Friday, March 15th. They issued an “overweight” rating and a $39.00 price target on the stock. Morgan Stanley boosted their target price on shares of Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Nomura reissued a “neutral” rating on shares of Stellantis in a research note on Wednesday, March 13th. Finally, Barclays raised shares of Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.55.

Stellantis Stock Performance

Shares of NYSE STLA traded up $0.21 during midday trading on Thursday, reaching $19.87. 5,132,485 shares of the stock were exchanged, compared to its average volume of 5,762,602. Stellantis has a twelve month low of $17.19 and a twelve month high of $29.51. The firm has a 50-day simple moving average of $21.74 and a two-hundred day simple moving average of $23.87. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95.

Stellantis Dividend Announcement

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

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.