Charles Schwab Investment Management Inc. Acquires 9,915 Shares of TD SYNNEX Co. (NYSE:SNX)

Charles Schwab Investment Management Inc. grew its holdings in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 507,435 shares of the business services provider's stock after purchasing an additional 9,915 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.60% of TD SYNNEX worth $59,512,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. CIBC Asset Management Inc increased its position in shares of TD SYNNEX by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 2,609 shares of the business services provider's stock valued at $313,000 after purchasing an additional 86 shares during the last quarter. Atria Investments Inc increased its holdings in TD SYNNEX by 4.1% in the 3rd quarter. Atria Investments Inc now owns 2,862 shares of the business services provider's stock worth $344,000 after acquiring an additional 112 shares during the last quarter. Highland Capital Management LLC increased its holdings in TD SYNNEX by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 1,905 shares of the business services provider's stock worth $223,000 after acquiring an additional 116 shares during the last quarter. Global Retirement Partners LLC increased its holdings in TD SYNNEX by 31.9% in the 4th quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider's stock worth $56,000 after acquiring an additional 116 shares during the last quarter. Finally, Meixler Investment Management Ltd. increased its holdings in TD SYNNEX by 2.0% in the 4th quarter. Meixler Investment Management Ltd. now owns 5,932 shares of the business services provider's stock worth $696,000 after acquiring an additional 118 shares during the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

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TD SYNNEX Trading Up 1.6 %

Shares of SNX traded up $1.97 during mid-day trading on Friday, hitting $127.21. 590,545 shares of the company's stock traded hands, compared to its average volume of 725,076. 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 1 year low of $102.23 and a 1 year high of $145.10. The firm has a market capitalization of $10.73 billion, a P/E ratio of 15.98, a PEG ratio of 1.06 and a beta of 1.51. The business's 50-day moving average price is $136.81 and its 200-day moving average price is $125.09.

TD SYNNEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.38%. This is a boost from TD SYNNEX's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, January 24th. TD SYNNEX's dividend payout ratio is presently 22.11%.

Insider Buying and Selling

In other TD SYNNEX news, CEO Patrick Zammit sold 6,823 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 165,604 shares of the company's stock, valued at approximately $23,681,372. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ann F. Vezina sold 839 shares of the business's stock in a transaction on Thursday, January 16th. The stock was 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 directly owns 4,856 shares in the company, valued at $660,804.48. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,172 shares of company stock valued at $6,342,766 over the last ninety days. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays raised their target price on TD SYNNEX from $132.00 to $148.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. raised their target price on TD SYNNEX from $135.00 to $150.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. Royal Bank of Canada lifted their price target on TD SYNNEX from $140.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, February 21st. Cfra upgraded TD SYNNEX from a "hold" rating to a "buy" rating and lifted their price target for the company from $122.00 to $147.00 in a research report on Friday, January 10th. Finally, StockNews.com downgraded TD SYNNEX from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.50.

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.