Genuine Parts Aktie News

At the start of 2023 and following a tough year, Christopher Tsai, president and chief investment officer of Tsai Capital, didn't think technology would generate a 50% return for his $110 million portfolio.

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields just over 3%,...

Genuine Parts' stock price has decreased by 22.5% year-to-date, creating an opportunity to re-enter. The company's solid Q3 results, higher margins, and successful acquisitions support long-term returns. Genuine Parts' dividend aristocrat status, conservative leverage, and higher guidance make it an attractive investment option.

I believe the sell-down is overdone. GPC's US APG segment is still experiencing positive growth, contrary to the headline figures, and the company is addressing market share loss and operational issues. I now expect GPC to trade at a modest discount to peers until the headwinds are over.

Blue-chip stocks are the crème de la crème of the market. Not only are they the safest, but they've stood the test of time in good times and bad.

Need help boosting your long-term portfolio gains? Well, you're in luck.

ATLANTA , Nov. 14, 2023 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today its Board of Directors declared a regular quarterly cash dividend of ninety-five cents ($0.95) per share on the company's common stock. The dividend is payable January 2, 2024 to shareholders of record on December 1, 2023.

While the rest of Wall Street may be basking in the glow of screaming-hot economy, contrarian investors may want to consider the best stocks for a volatile market. Just like in a game of baseball, all it takes is one bad inning to see a big lead evaporate.