Whalen Wealth Management Inc. Purchases New Position in Avnet, Inc. (NASDAQ:AVT)

Whalen Wealth Management Inc. acquired a new position in shares of Avnet, Inc. (NASDAQ:AVT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,717 shares of the company’s stock, valued at approximately $247,000.

Several other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Avnet in the 3rd quarter worth $51,000. GAMMA Investing LLC lifted its stake in Avnet by 20.2% in the third quarter. GAMMA Investing LLC now owns 1,836 shares of the company’s stock worth $100,000 after acquiring an additional 309 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Avnet by 442.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,697 shares of the company’s stock worth $200,000 after acquiring an additional 3,015 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in Avnet during the 3rd quarter worth about $209,000. Finally, Blue Trust Inc. increased its position in Avnet by 29.3% during the 3rd quarter. Blue Trust Inc. now owns 3,874 shares of the company’s stock valued at $199,000 after purchasing an additional 879 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Avnet Price Performance

Shares of AVT opened at $54.41 on Thursday. 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 company has a 50 day moving average price of $53.40 and a 200-day moving average price of $53.42. Avnet, Inc. has a fifty-two week low of $43.62 and a fifty-two week high of $59.24. The stock has a market capitalization of $4.73 billion, a PE ratio of 14.24, a PEG ratio of 1.02 and a beta of 1.14.

Avnet (NASDAQ:AVT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $1.61 earnings per share. Equities analysts predict that Avnet, Inc. will post 4.1 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. Investors of record on Wednesday, December 4th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Wednesday, December 4th. 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.