Foster & Motley Inc. Raises Stock Holdings in Avnet, Inc. (NASDAQ:AVT)

Foster & Motley Inc. grew its holdings in Avnet, Inc. (NASDAQ:AVT) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,816 shares of the company’s stock after buying an additional 856 shares during the quarter. Foster & Motley Inc.’s holdings in Avnet were worth $6,844,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Hsbc Holdings PLC raised its position in shares of Avnet by 4.2% during the 2nd quarter. Hsbc Holdings PLC now owns 5,448 shares of the company’s stock worth $280,000 after purchasing an additional 219 shares during the last quarter. Bank of Montreal Can increased its stake 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 buying an additional 2,847 shares in the last quarter. Mackenzie Financial Corp increased its stake in Avnet by 106.4% during the 2nd quarter. Mackenzie Financial Corp now owns 54,519 shares of the company’s stock worth $2,807,000 after buying an additional 28,109 shares in the last quarter. Creative Planning raised its holdings in shares of Avnet by 12.2% during the second quarter. Creative Planning now owns 19,539 shares of the company’s stock valued at $1,006,000 after acquiring an additional 2,122 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Avnet by 27.6% in the third quarter. SG Americas Securities LLC now owns 20,524 shares of the company’s stock valued at $1,115,000 after acquiring an additional 4,443 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Avnet Stock Up 1.5 %

Shares of AVT opened at $53.24 on Thursday. The stock has a 50 day moving average price of $53.45 and a 200 day moving average price of $53.47. Avnet, Inc. has a one year low of $43.62 and a one year high of $59.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.07 and a current ratio of 2.25. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 1.01 and a beta of 1.14.

Avnet (NASDAQ:AVT) last released its earnings results on Wednesday, January 29th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). Avnet had a return on equity of 8.46% and a net margin of 1.51%. Equities research analysts forecast that Avnet, Inc. will post 4.1 earnings per share for the current fiscal year.

Avnet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were issued a $0.33 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $1.32 dividend on an annualized basis and a yield of 2.48%. Avnet’s payout ratio is 34.56%.

Avnet 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.