Fisher Asset Management LLC increased its holdings in shares of Stellantis (NYSE:STLA – Get Rating) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,579 shares of the company’s stock after buying an additional 609 shares during the quarter. Fisher Asset Management LLC’s holdings in Stellantis were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its position in Stellantis by 553.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 81,067 shares of the company’s stock worth $1,319,000 after acquiring an additional 68,660 shares during the period. US Bancorp DE lifted its position in Stellantis by 3.2% during the 1st 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 period. HighTower Advisors LLC lifted its position in Stellantis by 13.6% during the 1st quarter. HighTower Advisors LLC now owns 25,936 shares of the company’s stock worth $422,000 after acquiring an additional 3,108 shares during the period. PNC Financial Services Group Inc. lifted its position in Stellantis by 14.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 34,029 shares of the company’s stock worth $554,000 after acquiring an additional 4,276 shares during the period. Finally, BlackRock Inc. lifted its position in Stellantis by 34.8% during the 1st quarter. BlackRock Inc. now owns 1,959,142 shares of the company’s stock worth $31,876,000 after acquiring an additional 505,920 shares during the period. 32.95% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Royal Bank of Canada raised Stellantis from a “sector perform” rating to an “outperform” rating in a report on Friday, March 3rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Stellantis presently has an average rating of “Moderate Buy” and a consensus target price of $19.25.
Stellantis Stock Performance
Stellantis Announces Dividend
The firm also recently declared an annual dividend, which will be paid on Thursday, May 4th. Investors of record on Tuesday, April 25th will be issued a $1.1664 dividend. The ex-dividend date of this dividend is Monday, April 24th. This represents a yield of 7.8%.
About Stellantis
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.
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