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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Genuine Parts Company (NYSE:GPC) is included among the 15 Dividend Stocks that Have Raised Payouts for 20+ Years.
UBS lifted its price target for Genuine Parts Company (NYSE:GPC) from $135 to $140 on October 10, while keeping a Neutral rating on the stock. The brokerage firm noted that strategic initiatives aimed at creating shareholder value have become central to Genuine Parts’ investment story. UBS expects the company to discuss its ongoing strategic review during its third-quarter earnings release on October 21, though it added that specific details might remain limited.
According to UBS, investors will likely be watching for evidence that Genuine Parts Company (NYSE:GPC) is stabilizing its market share in key categories. The firm also expects the company’s core business trends to remain steady, which aligns with overall market expectations and suggests the upcoming report may not dramatically change the broader investment outlook.
Genuine Parts Company (NYSE:GPC) is also recognized for its reliable dividend history. The company has been rewarding shareholders with growing dividends for 69 consecutive years and currently offers a quarterly dividend of $1.03 per share. The stock has a dividend yield of 3.08%, as of October 16.
Genuine Parts Company (NYSE:GPC) operates the world’s largest automotive parts network, with more than 10,800 locations globally. Over the years, it has expanded its reach by acquiring smaller businesses in both domestic and international markets to strengthen its presence and diversify its portfolio.
While we acknowledge the potential of GPC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Must-Buy Dividend Stocks to Invest in and 11 Defensive Healthcare Dividend Stocks To Buy Now.
Disclosure: None.
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