TD SYNNEX Co. (NYSE:SNX) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB increased its stake in TD SYNNEX Co. (NYSE:SNX) by 11.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,141 shares of the business services provider’s stock after buying an additional 212 shares during the period. Wilmington Savings Fund Society FSB’s holdings in TD SYNNEX were worth $251,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC increased its stake in TD SYNNEX by 345.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of TD SYNNEX in the third quarter worth about $30,000. UMB Bank n.a. raised its holdings in shares of TD SYNNEX by 99.3% during the third quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 144 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of TD SYNNEX during the third quarter valued at approximately $55,000. Finally, Capital Performance Advisors LLP acquired a new position in TD SYNNEX in the 3rd quarter worth approximately $58,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Cfra raised shares of TD SYNNEX from a “hold” rating to a “buy” rating and boosted their target price for the company 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 price objective on shares of TD SYNNEX in a research note on Wednesday, January 15th. Barclays lifted their target price on TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. increased their price target on shares of TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Finally, StockNews.com downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $144.38.

Insider Buying and Selling at TD SYNNEX

In related news, CEO Patrick Zammit sold 6,823 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $143.00, for a total value of $975,689.00. Following the transaction, the chief executive officer now directly owns 165,604 shares of the company’s stock, valued at approximately $23,681,372. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marshall Witt sold 1,510 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $121.13, for a total value of $182,906.30. Following the completion of the sale, the chief financial officer now owns 48,362 shares of the company’s stock, valued at approximately $5,858,089.06. This trade represents a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,289 shares of company stock worth $3,639,500 over the last three months. Corporate insiders own 1.90% of the company’s stock.

TD SYNNEX Stock Performance

SNX stock opened at $143.03 on Wednesday. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.06 and a beta of 1.49. The firm has a 50 day moving average of $129.35 and a two-hundred day moving average of $121.87. 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 Co. has a 12 month low of $98.70 and a 12 month high of $144.27.

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.23%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, January 24th. TD SYNNEX’s dividend payout ratio is presently 22.11%.

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.