KG&L Capital Management LLC Buys 4,105 Shares of TD SYNNEX Co. (NYSE:SNX)

KG&L Capital Management LLC increased its stake in TD SYNNEX Co. (NYSE:SNX - Free Report) by 170.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,520 shares of the business services provider's stock after purchasing an additional 4,105 shares during the quarter. KG&L Capital Management LLC's holdings in TD SYNNEX were worth $765,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Highland Capital Management LLC grew its position in TD SYNNEX by 6.5% in the fourth 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 in the last quarter. Foster & Motley Inc. boosted its holdings in TD SYNNEX by 17.6% in the fourth quarter. Foster & Motley Inc. now owns 22,108 shares of the business services provider's stock worth $2,593,000 after purchasing an additional 3,302 shares in the last quarter. R Squared Ltd bought a new position in TD SYNNEX during the fourth quarter valued at about $120,000. Foundations Investment Advisors LLC lifted its position in shares of TD SYNNEX by 9.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 1,934 shares of the business services provider's stock worth $227,000 after buying an additional 172 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of TD SYNNEX by 52.8% during the 4th quarter. KBC Group NV now owns 6,988 shares of the business services provider's stock valued at $820,000 after acquiring an additional 2,415 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company's stock.

Insider Transactions at TD SYNNEX

In other news, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $117.62, for a total value of $2,352,400.00. Following the completion of the sale, the director now owns 111,080 shares in the company, valued at $13,065,229.60. The trade was a 15.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Patrick Zammit sold 6,823 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $143.00, for a total transaction of $975,689.00. Following the transaction, the chief executive officer now directly owns 165,604 shares in the company, valued at $23,681,372. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,289 shares of company stock valued at $3,639,500. 1.90% of the stock is currently owned by corporate insiders.

TD SYNNEX Trading Up 1.8 %

Shares of TD SYNNEX stock traded up $2.47 during trading on Wednesday, hitting $142.48. 302,362 shares of the company were exchanged, compared to its average volume of 720,413. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. TD SYNNEX Co. has a 1-year low of $98.70 and a 1-year high of $144.18. The firm's fifty day moving average price is $127.10 and its 200 day moving average price is $120.96. The firm has a market capitalization of $12.06 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.06 and a beta of 1.48.

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were issued a dividend of $0.44 per share. 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.24%. TD SYNNEX's payout ratio is presently 22.11%.

Wall Street Analysts Forecast Growth

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

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.