Genuine Parts Company (GPC) Plans Quarterly Dividend of $0.54
Genuine Parts Company (NYSE:GPC) declared a quarterly dividend on Tuesday, February 19th. Investors of record on Friday, March 8th will be given a dividend of $0.54 per share on Monday, April 1st. This represents a $2.15 dividend on an annualized basis and a yield of 3.01%.
Several analysts have also recently commented on the stock. Analysts at Goldman Sachs reiterated a “sell” rating on shares of Genuine Parts Company in a research note to investors on Friday. They now have a $65.00 price target on the stock, up previously from $62.00. On a related note, analysts at Wunderlich raised their price target on shares of Genuine Parts Company from $64.00 to $77.00 in a research note to investors on Thursday, February 14th. They now have a “hold” rating on the stock. Finally, analysts at BB&T upgraded shares of Genuine Parts Company from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, January 29th. They now have a $75.00 price target on the stock.
Genuine Parts Company (GPC) opened at 71.44 on Tuesday. Genuine Parts Company (GPC) has a 1-year low of $55.58 and a 1-year high of $71.44. The stock’s 50-day moving average is currently $67.21. The company has a market cap of $11.082 billion and a price-to-earnings ratio of 17.99.
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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