Curbstone Financial Management Corp Buys New Stake in TD SYNNEX Corporation $SNX

Key Points

• Curbstone Financial Management Corp has acquired 2,950 shares of TD SYNNEX Corporation, valued at approximately $400,000, as part of its new position disclosed in an SEC filing.
• Institutional investors own 84.00% of TD SYNNEX, with recent purchases including a 329.8% increase in holdings by Mitsubishi UFJ Asset Management Co. Ltd.
• TD SYNNEX's quarterly earnings report revealed an EPS of $2.74, missing expectations, while annualized dividend payments were announced at $0.44 per share, representing a yield of 1.1%.

Curbstone Financial Management Corp purchased a new position in TD SYNNEX Corporation (NYSE:SNX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,950 shares of the business services provider's stock, valued at approximately $400,000.

Other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of TD SYNNEX by 329.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock worth $25,000 after buying an additional 188 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of TD SYNNEX in the 1st quarter valued at $44,000. Quarry LP bought a new stake in shares of TD SYNNEX in the 1st quarter worth about $51,000. SVB Wealth LLC acquired a new stake in shares of TD SYNNEX during the 1st quarter worth about $72,000. Finally, Blue Trust Inc. boosted its position in TD SYNNEX by 23.7% in the second quarter. Blue Trust Inc. now owns 543 shares of the business services provider's stock valued at $74,000 after buying an additional 104 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SNX. Royal Bank Of Canada lifted their target price on shares of TD SYNNEX from $165.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, September 26th. Wall Street Zen cut TD SYNNEX from a "buy" rating to a "hold" rating in a report on Saturday. Morgan Stanley boosted their price objective on TD SYNNEX from $173.00 to $181.00 and gave the stock an "overweight" rating in a research note on Friday, September 26th. Barclays raised their target price on TD SYNNEX from $140.00 to $164.00 and gave the company an "equal weight" rating in a research note on Friday, September 26th. Finally, Raymond James Financial set a $175.00 price target on shares of TD SYNNEX in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $169.55.

TD SYNNEX Trading Down 1.2%

SNX stock opened at $153.17 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $167.76. The company has a market cap of $12.47 billion, a P/E ratio of 16.61, a PEG ratio of 1.19 and a beta of 1.43. The business has a fifty day moving average of $152.54 and a 200-day moving average of $134.69.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 EPS for the quarter, missing analysts' consensus estimates of $3.05 by ($0.31). TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The firm had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.11 billion. During the same quarter in the previous year, the business earned $2.86 earnings per share. TD SYNNEX's revenue for the quarter was up 6.6% compared to the same quarter last year. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, equities research analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. TD SYNNEX's dividend payout ratio (DPR) is presently 19.09%.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 812 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total transaction of $122,141.04. Following the completion of the sale, the director owned 6,079 shares in the company, valued at approximately $914,403.18. The trade was a 11.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Marshall Witt sold 861 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total value of $129,012.24. Following the completion of the transaction, the chief financial officer owned 49,777 shares in the company, valued at $7,458,585.68. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,930 shares of company stock worth $1,209,663 over the last quarter. 1.00% of the stock is currently owned by insiders.

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.

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