Genuine Parts Company (NYSE:GPC) Shares Purchased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC increased its holdings in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 23.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,376 shares of the specialty retailer's stock after purchasing an additional 17,089 shares during the period. U.S. Capital Wealth Advisors LLC owned 0.07% of Genuine Parts worth $10,767,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GPC. Raleigh Capital Management Inc. raised its stake in shares of Genuine Parts by 45.2% during the first quarter. Raleigh Capital Management Inc. now owns 973 shares of the specialty retailer's stock worth $116,000 after purchasing an additional 303 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Genuine Parts by 0.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 536,944 shares of the specialty retailer's stock valued at $63,971,000 after buying an additional 4,928 shares during the period. Concurrent Investment Advisors LLC raised its position in Genuine Parts by 4.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 13,979 shares of the specialty retailer's stock worth $1,665,000 after buying an additional 612 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Genuine Parts by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 855,151 shares of the specialty retailer's stock worth $101,883,000 after acquiring an additional 10,445 shares during the period. Finally, Olde Wealth Management LLC purchased a new stake in shares of Genuine Parts in the first quarter valued at about $27,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Price Performance

GPC stock traded up $1.01 during midday trading on Tuesday, hitting $126.54. 998,782 shares of the stock were exchanged, compared to its average volume of 1,301,290. The stock has a market cap of $17.56 billion, a price-to-earnings ratio of 20.78 and a beta of 0.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.52 and a current ratio of 1.15. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $149.22. The stock's 50-day moving average price is $123.10 and its 200-day moving average price is $120.18.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The specialty retailer reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.09. The firm had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.83 billion. Genuine Parts had a net margin of 3.60% and a return on equity of 23.71%. Research analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were given a dividend of $1.03 per share. The ex-dividend date was Friday, June 6th. This represents a $4.12 annualized dividend and a dividend yield of 3.26%. Genuine Parts's dividend payout ratio is currently 67.65%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. The Goldman Sachs Group reissued a "sell" rating and set a $114.00 price target (down from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. Wall Street Zen cut Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Argus upgraded Genuine Parts to a "strong-buy" rating in a research note on Friday, April 25th. 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. Finally, Truist Financial boosted their target price on shares of Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $130.86.

Genuine Parts Company 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.