Cwm LLC Sells 522 Shares of CDW Co. (NASDAQ:CDW)

Cwm LLC lowered its holdings in CDW Co. (NASDAQ:CDW) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,288 shares of the information technology services provider’s stock after selling 522 shares during the period. Cwm LLC’s holdings in CDW were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tsfg LLC bought a new position in shares of CDW in the 1st quarter valued at about $26,000. Rise Advisors LLC acquired a new position in shares of CDW during the 1st quarter worth approximately $34,000. ORG Partners LLC bought a new stake in shares of CDW during the 2nd quarter worth approximately $34,000. Quest Partners LLC acquired a new stake in shares of CDW in the 2nd quarter valued at approximately $35,000. Finally, Summit Securities Group LLC bought a new position in shares of CDW in the second quarter valued at $40,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CDW has been the subject of a number of recent analyst reports. Barclays cut their price target on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Stifel Nicolaus raised their target price on shares of CDW from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Citigroup downgraded CDW from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $250.00 to $245.00 in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.00.

CDW Stock Up 0.0 %

Shares of CDW opened at $220.16 on Thursday. The firm’s 50-day simple moving average is $221.19 and its 200 day simple moving average is $226.42. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.13. The firm has a market cap of $29.59 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.03. CDW Co. has a 52 week low of $185.04 and a 52 week high of $263.37.

CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.05). The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.43 billion. CDW had a return on equity of 62.22% and a net margin of 5.29%. CDW’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $2.43 EPS. On average, analysts forecast that CDW Co. will post 9.4 earnings per share for the current year.

CDW Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Monday, August 26th. CDW’s dividend payout ratio is currently 30.96%.

Insider Activity

In other CDW news, insider Christine A. Leahy acquired 1,200 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was acquired at an average price of $216.15 per share, for a total transaction of $259,380.00. Following the purchase, the insider now directly owns 102,200 shares of the company’s stock, valued at $22,090,530. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by company insiders.

About CDW

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.