Crossmark Global Holdings Inc. Reduces Holdings in Avnet, Inc. (NASDAQ:AVT)

Crossmark Global Holdings Inc. lessened its position in Avnet, Inc. (NASDAQ:AVT) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,052 shares of the company’s stock after selling 615 shares during the quarter. Crossmark Global Holdings Inc. owned 0.26% of Avnet worth $11,670,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AVT. Envestnet Asset Management Inc. lifted its position in shares of Avnet by 8.3% during the second quarter. Envestnet Asset Management Inc. now owns 159,985 shares of the company’s stock worth $8,238,000 after purchasing an additional 12,238 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Avnet by 16.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,670 shares of the company’s stock worth $1,062,000 after buying an additional 2,851 shares during the period. Hsbc Holdings PLC increased its stake in shares of Avnet by 4.2% during the second quarter. Hsbc Holdings PLC now owns 5,448 shares of the company’s stock valued at $280,000 after buying an additional 219 shares during the period. XTX Topco Ltd purchased a new stake in Avnet in the second quarter worth about $633,000. Finally, Bank of Montreal Can grew its holdings in Avnet by 8.1% during the 2nd quarter. Bank of Montreal Can now owns 38,114 shares of the company’s stock worth $2,017,000 after acquiring an additional 2,847 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Avnet Stock Up 1.3 %

Avnet stock opened at $53.56 on Tuesday. The firm has a market cap of $4.66 billion, a P/E ratio of 14.02, a P/E/G ratio of 0.96 and a beta of 1.14. The business has a fifty day moving average of $53.36 and a two-hundred day moving average of $53.39. Avnet, Inc. has a twelve month low of $43.62 and a twelve month high of $59.24. The company has a quick ratio of 1.07, a current ratio of 2.25 and a debt-to-equity ratio of 0.48.

Avnet (NASDAQ:AVT) last posted its earnings results on Wednesday, October 30th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Avnet had a net margin of 1.51% and a return on equity of 8.46%. Avnet’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.61 earnings per share. On average, analysts forecast that Avnet, Inc. will post 4.07 earnings per share for the current fiscal year.

Avnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.32 annualized dividend and a dividend yield of 2.46%. Avnet’s dividend payout ratio (DPR) is currently 34.56%.

Avnet Company Profile

Avnet, Inc, distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers.