Todays Report: Today, TD Asset Management Inc. Buys 29,808 Shares of Symantec Corp. (SYMC)

Today, TD Asset Management Inc. Buys 29,808 Shares of Symantec Corp. (SYMC)

TD Asset Management Inc. raised its position in Symantec Corp. (NASDAQ:SYMC) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,814,761 shares of the company’s stock after buying an additional 29,808 shares during the period. TD Asset Management Inc. owned 0.29% of Symantec Corp. worth $45,551,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SYMC. Charter Trust Co. boosted its stake in Symantec Corp. by 0.5% in the second quarter. Charter Trust Co. now owns 17,824 shares of the company’s stock valued at $366,000 after buying an additional 93 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Symantec Corp. by 0.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 50,848 shares of the company’s stock valued at $1,044,000 after buying an additional 183 shares during the period. Capstone Asset Management Co. boosted its stake in Symantec Corp. by 0.4% in the second quarter. Capstone Asset Management Co. now owns 52,031 shares of the company’s stock valued at $1,069,000 after buying an additional 193 shares during the period. Private Trust Co. NA boosted its stake in Symantec Corp. by 0.8% in the third quarter. Private Trust Co. NA now owns 32,901 shares of the company’s stock valued at $825,000 after buying an additional 254 shares during the period. Finally, Essex Investment Management Co. LLC boosted its stake in Symantec Corp. by 3.4% in the third quarter. Essex Investment Management Co. LLC now owns 12,403 shares of the company’s stock valued at $311,000 after buying an additional 406 shares during the period. 96.69% of the stock is owned by institutional investors and hedge funds.

Shares of Symantec Corp. (NASDAQ:SYMC) traded down 0.12% during midday trading on Friday, hitting $24.82. 3,645,594 shares of the stock were exchanged. The firm has a market cap of $15.47 billion, a PE ratio of 7.17 and a beta of 1.23. Symantec Corp. has a 12-month low of $16.14 and a 12-month high of $25.72. The firm has a 50-day moving average price of $24.66 and a 200 day moving average price of $22.03.

Symantec Corp. (NASDAQ:SYMC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. Symantec Corp. had a net margin of 60.52% and a return on equity of 11.62%. The firm had revenue of $979 million for the quarter, compared to analyst estimates of $978.86 million. During the same period last year, the firm posted $0.44 EPS. Symantec Corp.’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts predict that Symantec Corp. will post $1.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Monday, November 21st will be given a $0.075 dividend. The ex-dividend date is Thursday, November 17th. This represents a $0.30 dividend on an annualized basis and a yield of 1.21%. Symantec Corp.’s dividend payout ratio (DPR) is 8.85%.

Several equities research analysts have recently commented on the stock. MKM Partners boosted their price target on shares of Symantec Corp. from $21.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, November 2nd. Barclays PLC boosted their price target on shares of Symantec Corp. from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, September 19th. Wells Fargo & Co. restated a “hold” rating on shares of Symantec Corp. in a report on Sunday, September 25th. BTIG Research reiterated a “buy” rating and set a $28.00 price objective on shares of Symantec Corp. in a research note on Monday, October 31st. Finally, FBN Securities began coverage on shares of Symantec Corp. in a research note on Thursday, October 13th. They set an “outperform” rating and a $29.00 price objective for the company. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.44.

In other Symantec Corp. news, insider Michael David Fey sold 13,214 shares of the business’s stock in a transaction on Friday, October 14th. The shares were sold at an average price of $24.40, for a total transaction of $322,421.60. Following the sale, the insider now directly owns 288,953 shares in the company, valued at approximately $7,050,453.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Amy L. Cappellanti-Wolf sold 15,474 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $24.88, for a total transaction of $384,993.12. Following the sale, the senior vice president now owns 112,103 shares in the company, valued at $2,789,122.64. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Symantec Corp. Company Profile

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