Today The BB&T Corp Has $20,648,000 Stake in Genuine Parts Company (GPC)

Today The BB&T Corp Has $20,648,000 Stake in Genuine Parts Company (GPC)

BB&T Corp boosted its position in shares of Genuine Parts Company (NYSE:GPC) by 1.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 205,554 shares of the company’s stock after buying an additional 2,077 shares during the period. BB&T Corp’s holdings in Genuine Parts Company were worth $20,648,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Invictus RG purchased a new stake in Genuine Parts Company during the second quarter worth $136,000. Van ECK Associates Corp boosted its stake in Genuine Parts Company by 30.3% in the second quarter. Van ECK Associates Corp now owns 1,467 shares of the company’s stock worth $149,000 after buying an additional 341 shares in the last quarter. FTB Advisors Inc. boosted its stake in Genuine Parts Company by 50.0% in the second quarter. FTB Advisors Inc. now owns 1,500 shares of the company’s stock worth $152,000 after buying an additional 500 shares in the last quarter. Signaturefd LLC boosted its stake in Genuine Parts Company by 12.2% in the second quarter. Signaturefd LLC now owns 1,734 shares of the company’s stock worth $176,000 after buying an additional 188 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in Genuine Parts Company during the second quarter worth $184,000. Institutional investors and hedge funds own 71.68% of the company’s stock.

Shares of Genuine Parts Company (NYSE:GPC) traded up 0.66% during mid-day trading on Wednesday, reaching $97.56. 26,932 shares of the company’s stock traded hands. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 21.08 and a beta of 0.93. The firm’s 50-day moving average is $97.68 and its 200 day moving average is $98.14. Genuine Parts Company has a one year low of $81.43 and a one year high of $105.97.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th were paid a dividend of $0.6575 per share. The ex-dividend date of this dividend was Wednesday, December 7th. This represents a $2.63 dividend on an annualized basis and a yield of 2.71%. Genuine Parts Company’s dividend payout ratio (DPR) is presently 56.68%.

A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Genuine Parts Company from a “hold” rating to a “sell” rating in a report on Wednesday, December 14th. Goldman Sachs Group, Inc. (The) upgraded shares of Genuine Parts Company from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $95.00 to $105.00 in a research note on Thursday, January 19th. Atlantic Securities assumed coverage on shares of Genuine Parts Company in a research note on Wednesday, December 14th. They issued a “neutral” rating and a $100.00 target price for the company. Jefferies Group LLC reiterated a “hold” rating and issued a $95.00 target price (down from $105.00) on shares of Genuine Parts Company in a research note on Wednesday, October 19th. Finally, Wedbush reiterated a “neutral” rating on shares of Genuine Parts Company in a research note on Tuesday, January 3rd. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Genuine Parts Company has an average rating of “Hold” and an average price target of $100.64.

Genuine Parts Company Company Profile

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.

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