Beacon Investment Advisory Services buys $340,782 stake in Genuine Parts Company (GPC)

Genuine Parts Company (GPC) : Beacon Investment Advisory Services scooped up 107 additional shares in Genuine Parts Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 3,341 shares of Genuine Parts Company which is valued at $340,782.Genuine Parts Company makes up approximately 0.01% of Beacon Investment Advisory Services’s portfolio.

Other Hedge Funds, Including , Whitnell reduced its stake in GPC by selling 177 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 6,841 shares of GPC which is valued at $697,782. Genuine Parts Company makes up approx 0.22% of Whitnell’s portfolio.State Treasurer State Of Michigan reduced its stake in GPC by selling 19,200 shares or 17.31% in the most recent quarter. The Hedge Fund company now holds 91,696 shares of GPC which is valued at $9,236,538. Genuine Parts Company makes up approx 0.07% of State Treasurer State Of Michigan’s portfolio.Fulton Breakefield Broenniman reduced its stake in GPC by selling 8,416 shares or 15.22% in the most recent quarter. The Hedge Fund company now holds 46,890 shares of GPC which is valued at $4,723,230. Genuine Parts Company makes up approx 0.95% of Fulton Breakefield Broenniman’s portfolio.California State Teachers Retirement System reduced its stake in GPC by selling 14,214 shares or 4.39% in the most recent quarter. The Hedge Fund company now holds 309,815 shares of GPC which is valued at $31,207,665. Genuine Parts Company makes up approx 0.07% of California State Teachers Retirement System’s portfolio.

Genuine Parts Company opened for trading at $101.82 and hit $102.6157 on the upside on Wednesday, eventually ending the session at $102.49, with a gain of 0.43% or 0.44 points. The heightened volatility saw the trading volume jump to 4,01,072 shares. Company has a market cap of $15,262 M.

On the company’s financial health, Genuine Parts Company reported $1.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 19, 2016. Analyst had a consensus of $1.29. The company had revenue of $3899.60 million for the quarter, compared to analysts expectations of $3975.85 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.28 EPS.

Many Wall Street Analysts have commented on Genuine Parts Company. Genuine Parts Company was Downgraded by Jefferies to ” Hold” on Jul 15, 2016. Gabelli & Co Downgraded Genuine Parts Company on Jul 14, 2016 to ” Hold”, Price Target of the shares are set at $106.

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 operates through four segments: Automotive Parts Group which distributes automotive parts and accessory items; Industrial Parts Group which distributes industrial replacement parts and related supplies; Office Products Group which is engaged in the wholesale distribution of a line of office and other business related products and Electrical/Electronic Materials Group which distributes materials to more than 20000 electrical and electronic manufacturers as well as industrial assembly and specialty wire and cable markets in North America. In 2014 the Company’s business was conducted from approximately 2600 locations throughout the United States Canada Mexico Australia and New Zealand.

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