Genuine Parts Co. (GPC) Announces Quarterly Dividend of $0.58
Genuine Parts (NYSE:GPC) declared a quarterly dividend on Tuesday, February 18th, Analyst Ratings Net reports. Investors of record on Friday, March 7th will be given a dividend of 0.575 per share on Tuesday, April 1st. This represents a $2.30 dividend on an annualized basis and a yield of 2.68%.
GPC has been the subject of a number of recent research reports. Analysts at Ned Davis Research downgraded shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research note on Monday, December 23rd. Analysts at Zacks downgraded shares of Genuine Parts from a “neutral” rating to an “underperform” rating in a research note on Tuesday, November 26th. They now have a $74.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $80.67.
Genuine Parts (NYSE:GPC) opened at 85.95 on Tuesday. Genuine Parts has a 52 week low of $68.29 and a 52 week high of $85.99. The stock has a 50-day moving average of $82.5 and a 200-day moving average of $81.04. The company has a market cap of $13.267 billion and a P/E ratio of 19.27.
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials.
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