CDW Co. (NASDAQ:CDW) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of CDW Co. (NASDAQ:CDW – Get Rating) by 14.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,056 shares of the information technology services provider’s stock after buying an additional 10,863 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.06% of CDW worth $13,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CDW. M&G Investment Management Ltd. grew its position in shares of CDW by 0.8% in the second quarter. M&G Investment Management Ltd. now owns 6,818 shares of the information technology services provider’s stock valued at $1,077,000 after purchasing an additional 55 shares during the last quarter. Curi Wealth Management LLC grew its position in shares of CDW by 3.7% in the second quarter. Curi Wealth Management LLC now owns 1,814 shares of the information technology services provider’s stock valued at $286,000 after purchasing an additional 64 shares during the last quarter. Suncoast Equity Management grew its position in shares of CDW by 2.3% in the second quarter. Suncoast Equity Management now owns 2,920 shares of the information technology services provider’s stock valued at $460,000 after purchasing an additional 65 shares during the last quarter. Yousif Capital Management LLC grew its position in shares of CDW by 0.3% in the first quarter. Yousif Capital Management LLC now owns 20,523 shares of the information technology services provider’s stock valued at $3,671,000 after purchasing an additional 65 shares during the last quarter. Finally, Wedmont Private Capital grew its position in shares of CDW by 4.0% in the third quarter. Wedmont Private Capital now owns 1,758 shares of the information technology services provider’s stock valued at $274,000 after purchasing an additional 67 shares during the last quarter. 92.78% of the stock is currently owned by institutional investors and hedge funds.

CDW Stock Performance

NASDAQ:CDW opened at $194.85 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 4.60. The company has a market cap of $26.38 billion, a P/E ratio of 25.60, a P/E/G ratio of 1.49 and a beta of 1.13. CDW Co. has a fifty-two week low of $147.91 and a fifty-two week high of $199.77. The firm’s 50 day moving average is $184.30 and its two-hundred day moving average is $174.53.

CDW (NASDAQ:CDW – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The information technology services provider reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.05. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.21 billion. CDW had a net margin of 4.37% and a return on equity of 121.34%. Analysts expect that CDW Co. will post 9.27 EPS for the current year.

CDW Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Friday, November 25th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Wednesday, November 23rd. This is an increase from CDW’s previous quarterly dividend of $0.50. CDW’s dividend payout ratio (DPR) is currently 31.01%.

Analyst Ratings Changes

Several research firms have recently commented on CDW. StockNews.com upgraded shares of CDW from a “hold” rating to a “buy” rating in a research report on Thursday, January 12th. Morgan Stanley upped their price objective on shares of CDW from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, November 3rd. Raymond James reduced their price objective on shares of CDW from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. JPMorgan Chase & Co. upped their price objective on shares of CDW from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, December 20th. Finally, Citigroup reduced their price objective on shares of CDW from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $209.57.

About CDW

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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.