Baker Ellis Asset Management LLC Has $2.38 Million Stock Position in Stellantis (NYSE:STLA)

Baker Ellis Asset Management LLC reduced its stake in shares of Stellantis (NYSE:STLA) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,236 shares of the company’s stock after selling 7,950 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Stellantis were worth $2,384,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC acquired a new stake in Stellantis in the third quarter valued at about $26,000. Westend Capital Management LLC acquired a new stake in Stellantis in the first quarter valued at about $38,000. Bruce G. Allen Investments LLC acquired a new stake in Stellantis in the fourth quarter valued at about $40,000. Solstein Capital LLC acquired a new stake in Stellantis in the fourth quarter valued at about $50,000. Finally, Cape Investment Advisory Inc. boosted its stake in Stellantis by 424.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock valued at $50,000 after buying an additional 1,736 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Stock Up 0.4 %

Shares of STLA traded up $0.08 during mid-day trading on Friday, reaching $19.85. 8,359,782 shares of the company were exchanged, compared to its average volume of 5,488,639. Stellantis has a 52 week low of $17.19 and a 52 week high of $29.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. The business has a 50 day simple moving average of $22.04 and a two-hundred day simple moving average of $23.93.

Stellantis Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on STLA shares. Barclays raised Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. Morgan Stanley increased their target price on Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Piper Sandler initiated coverage on Stellantis in a research report on Friday, March 15th. They issued an “overweight” rating and a $39.00 target price for the company. Sanford C. Bernstein initiated coverage on Stellantis in a research report on Friday. They issued a “market perform” rating and a $23.50 target price for the company. Finally, Nomura reiterated a “neutral” rating on shares of Stellantis in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.55.

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.