Stellantis (NYSE:STLA) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in Stellantis (NYSE:STLA) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,987 shares of the company’s stock after acquiring an additional 1,915 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Stellantis were worth $1,026,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of STLA. Vanguard Group Inc. increased its position in shares of Stellantis by 10.5% during the 3rd quarter. Vanguard Group Inc. now owns 83,232,805 shares of the company’s stock worth $1,592,244,000 after purchasing an additional 7,883,816 shares during the last quarter. Norges Bank purchased a new stake in shares of Stellantis in the 4th quarter valued at approximately $832,785,000. Dimensional Fund Advisors LP raised its stake in Stellantis by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,514,872 shares of the company’s stock valued at $175,249,000 after buying an additional 214,654 shares in the last quarter. TOMS Capital Investment Management LP purchased a new stake in Stellantis during the fourth quarter worth approximately $106,339,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Stellantis by 11.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,999,088 shares of the company’s stock valued at $70,161,000 after purchasing an additional 300,486 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays upgraded shares of Stellantis to a “strong-buy” rating in a research report on Monday, June 17th. Nomura reiterated a “neutral” rating on shares of Stellantis in a research report on Wednesday, March 13th. Sanford C. Bernstein cut Stellantis from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 28th. Morgan Stanley lifted their price target on Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Berenberg Bank reissued a “hold” rating on shares of Stellantis in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.28.

Stellantis Trading Up 0.0 %

Shares of NYSE:STLA opened at $20.50 on Monday. Stellantis has a fifty-two week low of $16.41 and a fifty-two week high of $29.51. The firm’s 50-day simple moving average is $22.60 and its 200-day simple moving average is $24.02. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24.

Stellantis Dividend Announcement

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

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.