Ann F. Vezina Sells 839 Shares of TD SYNNEX Co. (NYSE:SNX) Stock

TD SYNNEX Co. (NYSE:SNX) Director Ann F. Vezina sold 839 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $136.08, for a total value of $114,171.12. Following the completion of the sale, the director now owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. This trade represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TD SYNNEX Stock Up 0.5 %

Shares of SNX opened at $141.47 on Thursday. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.02 and a beta of 1.46. TD SYNNEX Co. has a 52 week low of $98.70 and a 52 week high of $142.13. The stock’s 50-day moving average price is $122.74 and its 200-day moving average price is $119.20. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46.

TD SYNNEX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, January 24th. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s dividend payout ratio is currently 20.10%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SNX shares. JPMorgan Chase & Co. increased their price objective on shares of TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Cfra upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $122.00 to $147.00 in a research note on Friday, January 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $140.00 target price on shares of TD SYNNEX in a research report on Wednesday, January 15th. StockNews.com upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Loop Capital reissued a “buy” rating and issued a $150.00 price objective on shares of TD SYNNEX in a report on Monday, October 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $144.38.

Hedge Funds Weigh In On TD SYNNEX

Several institutional investors have recently made changes to their positions in SNX. Bartlett & CO. Wealth Management LLC increased its holdings in TD SYNNEX by 345.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of TD SYNNEX during the 3rd quarter valued at about $30,000. UMB Bank n.a. increased its stake in shares of TD SYNNEX by 99.3% in the 3rd quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 144 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in TD SYNNEX in the 3rd quarter worth about $37,000. Finally, Point72 DIFC Ltd acquired a new stake in TD SYNNEX in the third quarter valued at approximately $55,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

About TD SYNNEX

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.