Cwm LLC Has $150,000 Stock Holdings in Stellantis (NYSE:STLA)

Cwm LLC boosted its holdings in shares of Stellantis (NYSE:STLA) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,439 shares of the company’s stock after purchasing an additional 669 shares during the quarter. Cwm LLC’s holdings in Stellantis were worth $150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC bought a new stake in shares of Stellantis in the third quarter valued at approximately $5,305,000. Assenagon Asset Management S.A. boosted its holdings in Stellantis by 122.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 149,052 shares of the company’s stock valued at $3,482,000 after purchasing an additional 82,074 shares during the period. Ramirez Asset Management Inc. acquired a new stake in Stellantis in the 3rd quarter worth $2,405,000. Ballentine Partners LLC increased its holdings in shares of Stellantis by 22.1% during the 4th quarter. Ballentine Partners LLC now owns 17,723 shares of the company’s stock worth $413,000 after purchasing an additional 3,209 shares during the period. Finally, Camelot Portfolios LLC raised its position in shares of Stellantis by 185.5% during the fourth quarter. Camelot Portfolios LLC now owns 67,961 shares of the company’s stock valued at $1,585,000 after buying an additional 44,158 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Up 1.4 %

Shares of NYSE STLA opened at $21.86 on Monday. Stellantis has a 52-week low of $15.07 and a 52-week high of $29.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24. The business has a fifty day moving average of $26.62 and a two-hundred day moving average of $23.57. The stock has a market cap of $68.48 billion, a PE ratio of 3.84, a PEG ratio of 0.29 and a beta of 1.65.

Stellantis Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were given a $1.147 dividend. The ex-dividend date was Monday, April 22nd. This represents a yield of 4.55%. Stellantis’s dividend payout ratio (DPR) is presently 29.17%.

Insiders Place Their Bets

In other news, major shareholder N.V. Stellantis bought 750,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $5.19 per share, for a total transaction of $3,892,500.00. Following the completion of the purchase, the insider now owns 39,351,720 shares of the company’s stock, valued at approximately $204,235,426.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have bought 3,150,000 shares of company stock valued at $15,724,500. 0.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on STLA shares. Piper Sandler assumed coverage on Stellantis in a research report on Friday, March 15th. They set an “overweight” rating and a $39.00 target price on the stock. Redburn Atlantic assumed coverage on Stellantis in a research report on Wednesday, January 24th. They set a “buy” rating on the stock. Morgan Stanley upped 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. Sanford C. Bernstein downgraded shares of Stellantis from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. Finally, Wolfe Research started coverage on shares of Stellantis in a research note on Thursday, February 1st. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.28.

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.