Laird Norton Wetherby Wealth Management LLC Sells 2,303 Shares of Stellantis (NYSE:STLA)

Laird Norton Wetherby Wealth Management LLC decreased its holdings in Stellantis (NYSE:STLA) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 47,853 shares of the company’s stock after selling 2,303 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Stellantis were worth $624,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in STLA. Accurate Wealth Management LLC boosted its stake in shares of Stellantis by 158.7% in the fourth quarter. Accurate Wealth Management LLC now owns 45,577 shares of the company’s stock worth $571,000 after acquiring an additional 27,962 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in Stellantis by 9.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 90,363 shares of the company’s stock valued at $1,179,000 after buying an additional 8,026 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in Stellantis by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 357,900 shares of the company’s stock valued at $4,671,000 after buying an additional 22,800 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted 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 buying an additional 1,489 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Stellantis by 4.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 68,239 shares of the company’s stock valued at $890,000 after buying an additional 2,679 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Trading Down 1.2%

Shares of STLA stock opened at $10.83 on Thursday. Stellantis has a 1 year low of $8.39 and a 1 year high of $23.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The stock’s 50 day simple moving average is $10.45 and its two-hundred day simple moving average is $12.24. The company has a market cap of $32.74 billion, a PE ratio of 3.18 and a beta of 1.45.

Stellantis Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were issued a $0.5032 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis’s payout ratio is 20.82%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on STLA. DZ Bank raised Stellantis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 22nd. TD Cowen began coverage on Stellantis in a research note on Friday, March 7th. They set a “hold” rating and a $13.00 price target for the company. Redburn Atlantic lowered Stellantis from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 22nd. UBS Group lowered Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, April 14th. Finally, Piper Sandler lowered Stellantis from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Twelve investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.49.

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.