Spire Wealth Management Has $46,000 Holdings in Stellantis N.V. (NYSE:STLA)

Spire Wealth Management trimmed its position in Stellantis N.V. (NYSE:STLA) by 22.9% during the first quarter, HoldingsChannel.com reports. The fund owned 4,080 shares of the company’s stock after selling 1,211 shares during the period. Spire Wealth Management’s holdings in Stellantis were worth $46,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Stellantis during the fourth quarter worth about $609,076,000. Bridgewater Associates LP bought a new position in Stellantis during the fourth quarter worth about $999,000. Korea Investment CORP raised its position in shares of Stellantis by 32.1% in the 4th quarter. Korea Investment CORP now owns 1,305,558 shares of the company’s stock valued at $17,020,000 after buying an additional 317,091 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its stake in Stellantis by 3.7% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,529,083 shares of the company’s stock worth $59,045,000 after acquiring an additional 162,201 shares in the last quarter. Finally, Michels Family Financial LLC bought a new position in shares of Stellantis in the 4th quarter valued at $375,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Price Performance

STLA stock opened at $10.21 on Wednesday. The firm has a 50-day moving average of $9.94 and a 200 day moving average of $11.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market cap of $30.87 billion, a P/E ratio of 2.99 and a beta of 1.44. Stellantis N.V. has a 1 year low of $8.39 and a 1 year high of $21.05.

Stellantis Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were paid a $0.5032 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 6.07%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Redburn Atlantic lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 22nd. TD Cowen assumed coverage on Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective on the stock. DZ Bank upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 22nd. UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. Finally, Piper Sandler cut shares of Stellantis from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Ten equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Stellantis currently has a consensus rating of “Hold” and an average price target of $13.07.

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.