United Capital Financial Advisors LLC Has $192,000 Stock Position in Stellantis (NYSE:STLA)

United Capital Financial Advisors LLC boosted its holdings in Stellantis (NYSE:STLA) by 23.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,723 shares of the company’s stock after buying an additional 2,798 shares during the period. United Capital Financial Advisors LLC’s holdings in Stellantis were worth $192,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of STLA. Geneos Wealth Management Inc. acquired a new position in Stellantis during the 4th quarter valued at $26,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Stellantis in the fourth quarter valued at about $47,000. MassMutual Private Wealth & Trust FSB increased its stake in Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after acquiring an additional 1,489 shares during the period. Spire Wealth Management raised its holdings in Stellantis by 29.7% in the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after acquiring an additional 1,211 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in shares of Stellantis by 160.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock worth $85,000 after acquiring an additional 4,000 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STLA has been the topic of a number of research reports. UBS Group cut Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. Cowen started coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating for the company. Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Redburn Atlantic lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, TD Cowen assumed coverage on Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $16.49.

Stellantis Stock Performance

NYSE:STLA opened at $9.51 on Wednesday. The stock has a market capitalization of $28.75 billion, a P/E ratio of 2.79 and a beta of 1.44. Stellantis has a 1 year low of $8.39 and a 1 year high of $25.05. The firm has a 50 day moving average of $11.61 and a 200-day moving average of $12.62. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Stellantis Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 24th will be paid a $0.5032 dividend. This represents a yield of 6.07%. The ex-dividend date of this dividend is Wednesday, April 23rd. Stellantis’s dividend payout ratio is currently 20.82%.

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.