CIBC Private Wealth Group LLC grew its stake in CDW Co. (NASDAQ:CDW – Get Rating) by 38.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 470,889 shares of the information technology services provider’s stock after purchasing an additional 130,660 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in CDW were worth $96,428,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. MUFG Americas Holdings Corp raised its holdings in CDW by 560.0% in the 3rd quarter. MUFG Americas Holdings Corp now owns 165 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 140 shares in the last quarter. Sandy Cove Advisors LLC bought a new position in shares of CDW in the 4th quarter worth about $36,000. Blue Bell Private Wealth Management LLC bought a new position in shares of CDW in the 4th quarter worth about $38,000. Eagle Bay Advisors LLC increased its stake in shares of CDW by 575.5% in the 3rd quarter. Eagle Bay Advisors LLC now owns 331 shares of the information technology services provider’s stock worth $60,000 after acquiring an additional 282 shares in the last quarter. Finally, CX Institutional increased its stake in shares of CDW by 24.9% in the 3rd quarter. CX Institutional now owns 356 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 71 shares in the last quarter. Institutional investors and hedge funds own 89.86% of the company’s stock.
Shares of NASDAQ CDW opened at $163.18 on Friday. The firm’s 50-day moving average price is $173.36 and its 200-day moving average price is $185.14. The company has a quick ratio of 1.09, a current ratio of 1.27 and a debt-to-equity ratio of 9.57. The company has a market cap of $22.04 billion, a PE ratio of 23.18, a PEG ratio of 1.38 and a beta of 1.11. CDW Co. has a 52-week low of $161.66 and a 52-week high of $208.71.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Stockholders of record on Friday, February 25th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Thursday, February 24th. CDW’s payout ratio is presently 28.41%.
Several research analysts recently issued reports on CDW shares. Morgan Stanley upgraded shares of CDW from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $201.00 to $214.00 in a research note on Thursday, March 31st. StockNews.com assumed coverage on shares of CDW in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded shares of CDW from a “buy” rating to a “hold” rating and set a $181.00 price objective on the stock. in a research report on Tuesday, April 12th. Stifel Nicolaus raised shares of CDW from a “hold” rating to a “buy” rating and increased their price objective for the company from $200.00 to $210.00 in a research report on Thursday, April 14th. Finally, Citigroup increased their price objective on shares of CDW from $210.00 to $235.00 in a research report on Thursday, February 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $210.00.
In related news, insider Albert Joseph Miralles, Jr. purchased 1,650 shares of the company’s stock in a transaction dated Friday, February 11th. The shares were purchased at an average price of $181.96 per share, with a total value of $300,234.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.67% of the company’s stock.
CDW Company Profile (Get Rating)
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, hybrid, and cloud capabilities across data center and networking, digital workspace, and security.
- Get a free copy of the StockNews.com research report on CDW (CDW)
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