Today’s Dividend Alert: Avnet, Inc. (NYSE:AVT) shareholders can count on dividends of $0.17 on Dec 19, 2016.

Today's Dividend Alert: Avnet, Inc. (NYSE:AVT) shareholders can count on dividends of $0.17 on Dec 19, 2016.

Avnet, Inc. (NYSE:AVT) is expected to pay $0.17 on Dec 19, 2016. The indicated annual dividend is $0.68. Shareholders owning the stock before Dec 2, 2016 will be eligible to receive the payout. Based on Avnet, Inc.’s current price of $45.67, the dividend is 0.37%. This dividend’s record date is Dec 6, 2016 and the announcement date is Nov 11, 2016. About 258,253 shares traded hands. Avnet, Inc. (NYSE:AVT) has risen 9.52% since April 28, 2016 and is uptrending. It has outperformed by 3.60% the S&P500.

Avnet, Inc. is a distributor of electronic components, enterprise computer, networking and storage products and software, information technology solutions and services, and embedded subsystems. The company has a market cap of $5.80 billion. The Firm operates through two divisions: Electronics Marketing and Technology Solutions (TS). It has a 13.54 P/E ratio. The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets.

Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.09, from 0.89 in 2016Q1. The ratio improved, as 44 funds sold all Avnet, Inc. shares owned while 125 reduced positions. 26 funds bought stakes while 125 increased positions. They now own 118.58 million shares or 5.22% less from 125.12 million shares in 2016Q1.
Blackrock owns 213,021 shares or 0.01% of their US portfolio. Moreover, Ubs Asset Mgmt Americas Inc has 0.04% invested in Avnet, Inc. (NYSE:AVT) for 833,522 shares. Commonwealth Of Pennsylvania School Empls Retrmt accumulated 0.02% or 24,736 shares. Glenmede Trust Na reported 14,735 shares or 0% of all its holdings. Moors Cabot reported 14,236 shares or 0.1% of all its holdings. Moreover, Iat Reinsurance Communications Limited has 1.94% invested in Avnet, Inc. (NYSE:AVT) for 69,000 shares. Morgan Stanley holds 0.01% or 756,741 shares in its portfolio. The Illinois-based Nuveen Asset Mgmt Lc has invested 0.03% in Avnet, Inc. (NYSE:AVT). Boston Prtn holds 4.76 million shares or 0.28% of its portfolio. Jnba Financial Advsr accumulated 0% or 38 shares. Assetmark holds 0% or 456 shares in its portfolio. Moreover, Fmr Limited Liability Corp has 0.01% invested in Avnet, Inc. (NYSE:AVT) for 2.18M shares. Moreover, Great Lakes Advisors Ltd Liability has 0.12% invested in Avnet, Inc. (NYSE:AVT) for 108,285 shares. Moreover, Zebra Management Lc has 0.34% invested in Avnet, Inc. (NYSE:AVT) for 24,455 shares. Parkside Bank & Trust last reported 39 shares in the company.

Avnet, Inc. (NYSE:AVT) Ratings Coverage

Out of 7 analysts covering Avnet Inc. (NYSE:AVT), 1 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 14% are positive. $50 is the highest target while $35 is the lowest. The $41.80 average target is -8.47% below today’s ($45.67) stock price. Avnet Inc. has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Avnet, Inc. (NYSE:AVT) earned “Buy” rating by Longbow on Friday, January 22. The company was downgraded on Friday, April 29 by Brean Capital. On Tuesday, September 20 the stock rating was downgraded by Cross Research to “Sell”. Citigroup maintained Avnet, Inc. (NYSE:AVT) on Thursday, August 11 with “Sell” rating. The stock of Avnet, Inc. (NYSE:AVT) earned “Hold” rating by Stifel Nicolaus on Tuesday, September 20. Goldman Sachs upgraded the stock to “Neutral” rating in Tuesday, June 7 report. Citigroup maintained Avnet, Inc. (NYSE:AVT) rating on Thursday, September 22. Citigroup has “Sell” rating and $35 price target. Longbow upgraded the stock to “Buy” rating in Friday, October 21 report. The rating was initiated by Bank of America with “Neutral” on Wednesday, April 27.

More news for Avnet, Inc. (NYSE:AVT) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Heartland Express, Avnet and Donaldson” on November 30, 2016. Businesswire.com‘s article titled: “Avnet Acquires Hackster Inc.” and published on November 14, 2016 is yet another important article.

AVT Company Profile

Avnet, Inc. (Avnet), incorporated on July 22, 1955, is a distributor of electronic components, enterprise computer, networking and storage products and software, information technology (IT) solutions and services, and embedded subsystems. The Firm operates through two divisions: Electronics Marketing (EM) and Technology Solutions (TS). The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and solutions from the technology manufacturers and software developers. The TS segment also provides hard disk drives, microprocessor, motherboard and dynamic random access memory (DRAM) module technologies to manufacturers of general-purpose computers and system builders.

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