Stellantis (STLA) To Go Ex-Dividend on April 22nd

Stellantis (NYSE:STLA) declared a dividend on Saturday, April 13th, investing.com reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 1.147 per share on Friday, May 3rd. This represents a dividend yield of 4.55%. The ex-dividend date of this dividend is Monday, April 22nd.

Stellantis Trading Down 4.0 %

Shares of NYSE:STLA opened at $25.94 on Monday. Stellantis has a one year low of $15.07 and a one year high of $29.51. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $26.73 and a 200-day moving average of $23.04.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on STLA. HSBC lowered shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Sanford C. Bernstein downgraded shares of Stellantis from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 28th. Nomura reiterated a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. Redburn Atlantic initiated coverage on shares of Stellantis in a report on Wednesday, January 24th. They issued a “buy” rating on the stock. Finally, Berenberg Bank restated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Stellantis has an average rating of “Hold” and a consensus target price of $30.28.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers lifted its holdings in shares of Stellantis by 2.3% in the third quarter. Rhumbline Advisers now owns 25,711 shares of the company’s stock worth $492,000 after acquiring an additional 580 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in Stellantis by 4.5% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 15,870 shares of the company’s stock valued at $278,000 after buying an additional 681 shares during the last quarter. US Bancorp DE raised its holdings in Stellantis by 3.2% in the 1st quarter. US Bancorp DE now owns 25,689 shares of the company’s stock valued at $418,000 after buying an additional 802 shares during the last quarter. Cerity Partners LLC raised its holdings in Stellantis by 2.8% in the 2nd quarter. Cerity Partners LLC now owns 40,259 shares of the company’s stock valued at $706,000 after buying an additional 1,086 shares during the last quarter. Finally, SVB Wealth LLC raised its holdings in Stellantis by 8.9% in the 1st quarter. SVB Wealth LLC now owns 14,152 shares of the company’s stock valued at $257,000 after buying an additional 1,158 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

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.