Genuine Parts Company Plans Quarterly Dividend of $0.58 (GPC)
Genuine Parts Company (NYSE:GPC) announced a quarterly dividend on Monday, August 18th, AnalystRatingsNetwork.com reports. Stockholders of record on Friday, September 5th will be paid a dividend of 0.575 per share on Wednesday, October 1st. This represents a $2.30 annualized dividend and a dividend yield of 2.70%.
GPC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Genuine Parts Company in a research note on Tuesday, July 22nd. They now have a $92.00 price target on the stock. Analysts at RBC Capital raised their price target on shares of Genuine Parts Company from $93.00 to $95.00 in a research note on Tuesday, July 22nd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $89.75.
Shares of Genuine Parts Company (NYSE:GPC) traded up 0.85% during mid-day trading on Monday, hitting $85.84. The stock had a trading volume of 166,479 shares. Genuine Parts Company has a 1-year low of $76.26 and a 1-year high of $90.00. The stock has a 50-day moving average of $85.7 and a 200-day moving average of $85.51. The company has a market cap of $13.141 billion and a price-to-earnings ratio of 19.39.
Genuine Parts Company (NYSE:GPC) last posted its quarterly earnings results on Monday, July 21st. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.26 by $0.02. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter last year, the company posted $1.39 earnings per share. Genuine Parts Company’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that Genuine Parts Company will post $4.60 EPS for the current fiscal year.
In other Genuine Parts Company news, CEO Thomas Gallagher purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $84.00 per share, with a total value of $420,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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