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Institutional investors cut stakes in Genuine Parts Company, as analysts downgrade the stock to a "Hold."
Institutional investors adjusted their stakes in Genuine Parts Company (GPC), with Exchange Traded Concepts LLC reducing holdings by 483 shares.
GPC pays a quarterly dividend of $1.00 and has a 3.44% yield.
Analysts have downgraded the stock, with the consensus rating now at "Hold" and a price target of $141.50.
GPC has a market cap of $16.15 billion and distributes automotive and industrial parts.
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Los inversores institucionales cortaron las participaciones en Genuine Parts Company, ya que los analistas rebajaron la acción a un "Hold".