Wedmont Private Capital Has $251,000 Holdings in CDW Co. (NASDAQ:CDW)

Wedmont Private Capital lowered its stake in shares of CDW Co. (NASDAQ:CDW) by 20.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,373 shares of the information technology services provider’s stock after selling 354 shares during the period. Wedmont Private Capital’s holdings in CDW were worth $251,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDW. PDS Planning Inc boosted its position in shares of CDW by 4.3% during the third quarter. PDS Planning Inc now owns 1,186 shares of the information technology services provider’s stock valued at $268,000 after buying an additional 49 shares during the last quarter. Profund Advisors LLC lifted its stake in CDW by 0.5% during the 2nd quarter. Profund Advisors LLC now owns 12,469 shares of the information technology services provider’s stock valued at $2,791,000 after acquiring an additional 58 shares in the last quarter. OneAscent Wealth Management LLC boosted its holdings in CDW by 2.5% during the 3rd quarter. OneAscent Wealth Management LLC now owns 2,387 shares of the information technology services provider’s stock worth $540,000 after acquiring an additional 58 shares during the last quarter. Fulcrum Equity Management grew its stake in shares of CDW by 4.3% in the 3rd quarter. Fulcrum Equity Management now owns 1,442 shares of the information technology services provider’s stock worth $326,000 after acquiring an additional 60 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co raised its holdings in shares of CDW by 0.5% in the second quarter. Elo Mutual Pension Insurance Co now owns 12,301 shares of the information technology services provider’s stock valued at $2,753,000 after purchasing an additional 61 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

CDW Trading Up 0.2 %

Shares of CDW opened at $187.79 on Friday. The firm has a market cap of $25.02 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 4.91 and a beta of 1.01. CDW Co. has a fifty-two week low of $168.43 and a fifty-two week high of $263.37. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40. The business has a 50-day moving average of $179.35 and a 200 day moving average of $205.58.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.05). The business had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.72 billion. CDW had a net margin of 5.33% and a return on equity of 58.31%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $2.60 EPS. As a group, research analysts forecast that CDW Co. will post 8.99 EPS for the current year.

CDW Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a $0.625 dividend. This is a positive change from CDW’s previous quarterly dividend of $0.62. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Monday, November 25th. CDW’s dividend payout ratio (DPR) is presently 30.56%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CDW shares. Citigroup cut shares of CDW from a “buy” rating to a “neutral” rating and cut their price target for the stock from $250.00 to $245.00 in a report on Tuesday, October 1st. Barclays reduced their target price on CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. UBS Group dropped their price target on CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley boosted their price objective on CDW from $190.00 to $193.00 and gave the stock an “equal weight” rating in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered CDW from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $239.33.

CDW Profile

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.