CDW Co. (NASDAQ:CDW) Shares Sold by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC lessened its position in shares of CDW Co. (NASDAQ:CDW) by 31.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,199 shares of the information technology services provider’s stock after selling 553 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in CDW were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Canoe Financial LP purchased a new position in shares of CDW in the 3rd quarter valued at about $37,000. Fortitude Family Office LLC increased its position in shares of CDW by 350.0% in the third quarter. Fortitude Family Office LLC now owns 171 shares of the information technology services provider’s stock valued at $39,000 after buying an additional 133 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of CDW during the 3rd quarter worth approximately $43,000. Covestor Ltd lifted its position in shares of CDW by 80.1% during the 3rd quarter. Covestor Ltd now owns 245 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 109 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in CDW in the 2nd quarter valued at $56,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CDW. Citigroup cut shares of CDW from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $250.00 to $245.00 in a research report on Tuesday, October 1st. JPMorgan Chase & Co. cut CDW from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $260.00 to $235.00 in a report on Monday, October 28th. UBS Group reduced their target price on CDW from $233.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Barclays lowered their price target on CDW from $229.00 to $201.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Finally, Redburn Atlantic assumed coverage on CDW in a research note on Friday, November 15th. They issued a “buy” rating and a $230.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.33.

CDW Stock Performance

NASDAQ CDW opened at $191.59 on Wednesday. CDW Co. has a fifty-two week low of $168.43 and a fifty-two week high of $263.37. The firm has a market capitalization of $25.53 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 5.11 and a beta of 1.01. The stock’s fifty day moving average is $178.94 and its two-hundred day moving average is $204.80. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40.

CDW (NASDAQ:CDW) last released its quarterly earnings data 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 firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.72 billion. CDW had a return on equity of 58.31% and a net margin of 5.33%. CDW’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.60 earnings per share. On average, research analysts anticipate that CDW Co. will post 8.99 earnings per share for the current year.

CDW Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.30%. This is a positive change from CDW’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, November 25th. CDW’s dividend payout ratio is presently 30.56%.

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.