Barlow Wealth Partners Inc. Acquires Shares of 403,917 Stellantis (NYSE:STLA)

Barlow Wealth Partners Inc. bought a new position in Stellantis (NYSE:STLA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 403,917 shares of the company’s stock, valued at approximately $9,419,000.

A number of other large investors have also modified their holdings of STLA. Raymond James & Associates lifted its holdings in Stellantis by 721.5% in the 3rd quarter. Raymond James & Associates now owns 228,819 shares of the company’s stock worth $4,377,000 after buying an additional 200,964 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Stellantis by 188.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 43,629 shares of the company’s stock valued at $835,000 after purchasing an additional 28,497 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in Stellantis by 2.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 21,305 shares of the company’s stock worth $408,000 after purchasing an additional 596 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Stellantis by 1.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,751,212 shares of the company’s stock valued at $205,671,000 after purchasing an additional 185,487 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Stellantis by 309.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,983 shares of the company’s stock worth $1,396,000 after buying an additional 55,163 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analysts Set New Price Targets

STLA has been the subject of several research analyst reports. Nomura reissued a “neutral” rating on shares of Stellantis in a research report on Wednesday, March 13th. Sanford C. Bernstein downgraded shares of Stellantis from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 28th. Berenberg Bank reiterated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. Redburn Atlantic assumed coverage on Stellantis in a research note on Wednesday, January 24th. They set a “buy” rating for the company. Finally, Morgan Stanley lifted their price target on Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.28.

Stellantis Stock Down 1.6 %

Shares of Stellantis stock traded down $0.34 during trading on Wednesday, hitting $21.44. The stock had a trading volume of 10,883,867 shares, compared to its average volume of 5,728,675. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24. Stellantis has a 1 year low of $15.07 and a 1 year high of $29.51. The stock has a 50 day simple moving average of $26.45 and a 200 day simple moving average of $23.61.

Stellantis Announces Dividend

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

Insider Buying and Selling

In other Stellantis news, major shareholder N.V. Stellantis purchased 750,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $5.19 per share, with a total value of $3,892,500.00. Following the transaction, the insider now directly owns 39,351,720 shares in the company, valued at approximately $204,235,426.80. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders bought 3,150,000 shares of company stock worth $15,724,500.

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.