Janney Montgomery Scott LLC Sells 15,984 Shares of Stellantis (NYSE:STLA)

Janney Montgomery Scott LLC lowered its position in shares of Stellantis (NYSE:STLA – Get Rating) by 61.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,017 shares of the company’s stock after selling 15,984 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Stellantis were worth $142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE raised its position in shares of Stellantis by 3.2% during the first quarter. US Bancorp DE now owns 25,689 shares of the company’s stock worth $418,000 after acquiring an additional 802 shares during the last quarter. Strategic Advisors LLC increased its holdings in Stellantis by 3.6% in the fourth quarter. Strategic Advisors LLC now owns 29,000 shares of the company’s stock valued at $412,000 after purchasing an additional 1,000 shares during the last quarter. Capital Financial Services LLC increased its holdings in Stellantis by 5.9% in the third quarter. Capital Financial Services LLC now owns 18,009 shares of the company’s stock valued at $213,000 after purchasing an additional 1,009 shares during the last quarter. Atlas Capital Advisors LLC increased its holdings in Stellantis by 2.4% in the third quarter. Atlas Capital Advisors LLC now owns 44,761 shares of the company’s stock valued at $530,000 after purchasing an additional 1,041 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in Stellantis by 41.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 4,229 shares of the company’s stock valued at $60,000 after purchasing an additional 1,229 shares during the last quarter. Institutional investors own 32.95% of the company’s stock.

Stellantis Price Performance

STLA stock opened at $16.29 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average of $17.43 and a 200-day moving average of $15.99. Stellantis has a fifty-two week low of $11.37 and a fifty-two week high of $18.97.

Stellantis Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Thursday, May 4th. Stockholders of record on Tuesday, April 25th were given a dividend of $1.1664 per share. The ex-dividend date was Monday, April 24th. This represents a dividend yield of 7.8%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded Stellantis from a “sector perform” rating to an “outperform” rating in a report on Friday, March 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.50.

About Stellantis

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Stellantis NV engages in the design, manufacture, distribution, and sale of vehicles. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall brands. The company was founded on April 01, 2014 and is headquartered in Hoofddorp, the Netherlands.