Patrick Zammit Sells 6,823 Shares of TD SYNNEX Co. (NYSE:SNX) Stock

TD SYNNEX Co. (NYSE:SNX - Get Free Report) CEO Patrick Zammit sold 6,823 shares of the firm'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 completion of the transaction, the chief executive officer now owns 165,604 shares in the company, valued at $23,681,372. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TD SYNNEX Stock Up 0.5 %

Shares of TD SYNNEX stock traded up $0.66 during trading hours on Thursday, reaching $143.46. 543,521 shares of the company's stock were exchanged, compared to its average volume of 725,547. The stock has a market cap of $12.14 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.06 and a beta of 1.49. The company has a 50 day moving average of $128.04 and a two-hundred day moving average of $121.27. 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 Co. has a fifty-two week low of $98.70 and a fifty-two week high of $144.18.

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.23%. This is an increase 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 (DPR) is currently 22.11%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $140.00 price target on shares of TD SYNNEX in a research report on Wednesday, January 15th. StockNews.com raised shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th. Cfra upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating and upped their price objective for the company from $122.00 to $147.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. lifted their target price on TD SYNNEX from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. Finally, Barclays increased their price target on TD SYNNEX from $132.00 to $148.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and seven have given 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 price target of $144.38.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Pathstone Holdings LLC grew its stake in shares of TD SYNNEX by 45.2% in the third quarter. Pathstone Holdings LLC now owns 18,300 shares of the business services provider's stock valued at $2,197,000 after buying an additional 5,698 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in TD SYNNEX by 37.0% during the third quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider's stock worth $361,707,000 after purchasing an additional 813,634 shares during the period. Stratos Investment Management LLC increased its position in TD SYNNEX by 5.6% during the third quarter. Stratos Investment Management LLC now owns 28,115 shares of the business services provider's stock worth $3,376,000 after buying an additional 1,486 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in TD SYNNEX by 170.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 81,714 shares of the business services provider's stock valued at $9,812,000 after buying an additional 51,465 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in shares of TD SYNNEX during the 4th quarter worth approximately $2,260,000. Institutional investors and hedge funds own 84.00% of the company's stock.

TD SYNNEX Company 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.