Sanctuary Advisors LLC Has $927,000 Stock Position in TD SYNNEX Co. (NYSE:SNX)

Sanctuary Advisors LLC boosted its position in shares of TD SYNNEX Co. (NYSE:SNX) by 21.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,901 shares of the business services provider’s stock after buying an additional 1,399 shares during the quarter. Sanctuary Advisors LLC’s holdings in TD SYNNEX were worth $927,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SNX. FMR LLC raised its stake in shares of TD SYNNEX by 18.4% during the third quarter. FMR LLC now owns 7,425,592 shares of the business services provider’s stock worth $891,665,000 after buying an additional 1,154,651 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in TD SYNNEX by 37.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider’s stock worth $361,707,000 after acquiring an additional 813,634 shares during the period. Ninety One UK Ltd raised its position in shares of TD SYNNEX by 75.4% during the 4th quarter. Ninety One UK Ltd now owns 2,364,563 shares of the business services provider’s stock valued at $277,316,000 after acquiring an additional 1,016,251 shares during the last quarter. State Street Corp lifted its stake in shares of TD SYNNEX by 0.7% in the 3rd quarter. State Street Corp now owns 2,189,732 shares of the business services provider’s stock valued at $262,943,000 after purchasing an additional 15,995 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in shares of TD SYNNEX by 39.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 825,468 shares of the business services provider’s stock worth $99,123,000 after purchasing an additional 231,715 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TD SYNNEX

In related news, Director Richard T. Hume sold 20,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the sale, the director now owns 111,080 shares in the company, valued at approximately $13,065,229.60. This represents a 15.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick Zammit sold 6,823 shares of TD SYNNEX stock in a transaction dated 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 owns 165,604 shares of the company’s stock, valued at $23,681,372. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,289 shares of company stock worth $3,639,500. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SNX shares. StockNews.com lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays increased their price target on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Cfra upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $122.00 to $147.00 in a report on Friday, January 10th. JPMorgan Chase & Co. lifted 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, Royal Bank of Canada boosted their price target on shares of TD SYNNEX from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.50.

TD SYNNEX Price Performance

SNX stock opened at $137.89 on Friday. The stock has a 50-day moving average price of $134.15 and a two-hundred day moving average price of $124.11. TD SYNNEX Co. has a 1 year low of $101.21 and a 1 year high of $145.10. The stock has a market cap of $11.63 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.06 and a beta of 1.49. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46.

TD SYNNEX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, January 24th. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s dividend payout ratio (DPR) is currently 22.11%.

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.