Buttonwood Financial Advisors Inc. Has $432,000 Stock Position in Genuine Parts Company (NYSE:GPC)

Buttonwood Financial Advisors Inc. cut its stake in Genuine Parts Company (NYSE:GPC - Free Report) by 66.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,623 shares of the specialty retailer's stock after selling 7,305 shares during the quarter. Buttonwood Financial Advisors Inc.'s holdings in Genuine Parts were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Citizens National Bank Trust Department raised its stake in shares of Genuine Parts by 50.0% in the first quarter. Citizens National Bank Trust Department now owns 750 shares of the specialty retailer's stock worth $89,000 after purchasing an additional 250 shares during the last quarter. Avidian Wealth Enterprises LLC raised its stake in shares of Genuine Parts by 7.7% in the first quarter. Avidian Wealth Enterprises LLC now owns 2,495 shares of the specialty retailer's stock worth $297,000 after purchasing an additional 179 shares during the last quarter. Goodman Advisory Group LLC purchased a new stake in shares of Genuine Parts in the first quarter worth approximately $249,000. Sovran Advisors LLC purchased a new stake in shares of Genuine Parts in the first quarter worth approximately $281,000. Finally, Patron Partners LLC raised its stake in shares of Genuine Parts by 19.6% in the first quarter. Patron Partners LLC now owns 4,957 shares of the specialty retailer's stock worth $591,000 after purchasing an additional 813 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $120.47 on Friday. The stock has a fifty day simple moving average of $121.89 and a two-hundred day simple moving average of $119.84. Genuine Parts Company has a 1-year low of $104.01 and a 1-year high of $149.22. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 19.78 and a beta of 0.76. The company has a current ratio of 1.15, a quick ratio of 0.52 and a debt-to-equity ratio of 0.85.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.09. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.83 billion. Genuine Parts had a return on equity of 23.71% and a net margin of 3.60%. Analysts anticipate that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, June 6th. This represents a $4.12 annualized dividend and a dividend yield of 3.42%. Genuine Parts's dividend payout ratio is currently 67.65%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GPC shares. Wall Street Zen lowered Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Truist Financial upped their target price on Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Argus raised Genuine Parts to a "strong-buy" rating in a report on Friday, April 25th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $114.00 target price (down from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. Finally, Evercore ISI reduced their target price on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Genuine Parts currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.86.

Genuine Parts Profile

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.

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