KG&L Capital Management LLC grew its stake in shares of TD SYNNEX Co. (NYSE:SNX – Free Report) by 170.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,520 shares of the business services provider’s stock after buying an additional 4,105 shares during the quarter. KG&L Capital Management LLC’s holdings in TD SYNNEX were worth $765,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in SNX. Bartlett & CO. Wealth Management LLC raised its position in TD SYNNEX by 345.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of TD SYNNEX during the 3rd quarter valued at about $30,000. UMB Bank n.a. lifted its position in TD SYNNEX by 99.3% in the 3rd quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock worth $35,000 after buying an additional 144 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new position in TD SYNNEX during the third quarter valued at approximately $37,000. Finally, Point72 DIFC Ltd purchased a new position in shares of TD SYNNEX during the third quarter worth approximately $55,000. 84.00% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $140.00 price objective on shares of TD SYNNEX in a research note on Wednesday, January 15th. JPMorgan Chase & Co. boosted their target price on TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Barclays raised their price target on TD SYNNEX from $132.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, Loop Capital reiterated a “buy” rating and issued a $150.00 price objective on shares of TD SYNNEX in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $144.38.
TD SYNNEX Price Performance
Shares of SNX stock opened at $142.61 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24. TD SYNNEX Co. has a fifty-two week low of $98.70 and a fifty-two week high of $144.18. The firm has a market cap of $12.07 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.05 and a beta of 1.46. The business’s 50 day moving average price is $126.35 and its 200-day moving average price is $120.60.
TD SYNNEX Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.76 annualized dividend and a yield of 1.23%. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s payout ratio is 22.11%.
Insider Buying and Selling at TD SYNNEX
In other TD SYNNEX news, Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total transaction of $114,171.12. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Marshall Witt sold 1,510 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $121.13, for a total transaction of $182,906.30. Following the completion of the sale, the chief financial officer now directly owns 48,362 shares in the company, valued at $5,858,089.06. This represents a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,715 shares of company stock valued at $3,433,500. 1.90% of the stock is currently owned by company insiders.
TD SYNNEX Profile
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.
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