TD SYNNEX Co. (NYSE:SNX) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its position in shares of TD SYNNEX Co. (NYSE:SNX) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,686 shares of the business services provider’s stock after selling 4,252 shares during the period. Corebridge Financial Inc. owned about 0.10% of TD SYNNEX worth $10,049,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC increased its position in shares of TD SYNNEX by 345.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares during the last quarter. UMB Bank n.a. grew its stake in TD SYNNEX by 48.4% during the 4th quarter. UMB Bank n.a. now owns 429 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 140 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in TD SYNNEX during the 3rd quarter worth approximately $55,000. Blue Trust Inc. raised its position in shares of TD SYNNEX by 37.7% in the 4th quarter. Blue Trust Inc. now owns 471 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 129 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of TD SYNNEX by 31.9% during the 4th quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider’s stock valued at $56,000 after buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on SNX. Barclays upped their price target on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Royal Bank of Canada increased their price target on shares of TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Barrington Research boosted their price objective on TD SYNNEX from $138.00 to $156.00 and gave the company an “outperform” rating in a report on Thursday, March 20th. Cfra upgraded TD SYNNEX from a “hold” rating to a “buy” rating and lifted their target price for the stock 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 report on Wednesday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.75.

TD SYNNEX Trading Down 0.9 %

NYSE:SNX opened at $125.43 on Thursday. TD SYNNEX Co. has a 12-month low of $107.84 and a 12-month high of $145.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. The business has a 50 day simple moving average of $136.91 and a 200 day simple moving average of $125.70. The firm has a market capitalization of $10.58 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.06 and a beta of 1.51.

TD SYNNEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were given a dividend of $0.44 per share. The ex-dividend date was Friday, January 24th. This represents a $1.76 annualized dividend and a dividend yield of 1.40%. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s dividend payout ratio is currently 22.11%.

Insider Buying and Selling

In related news, Director Richard T. Hume sold 20,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $117.62, for a total value of $2,352,400.00. Following the completion of the transaction, the director now directly owns 111,080 shares of the company’s stock, valued at $13,065,229.60. This represents a 15.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick Zammit sold 6,823 shares of TD SYNNEX stock in a transaction on Thursday, January 30th. The shares were 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 in the company, valued at $23,681,372. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,172 shares of company stock valued at $6,353,261 in the last quarter. Company insiders own 1.00% 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.