Cwm LLC Has $1.23 Million Stock Position in CDW Co. (NASDAQ:CDW)

Cwm LLC grew its position in shares of CDW Co. (NASDAQ:CDW) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,410 shares of the information technology services provider’s stock after acquiring an additional 209 shares during the quarter. Cwm LLC’s holdings in CDW were worth $1,230,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in shares of CDW in the 3rd quarter valued at approximately $25,000. VisionPoint Advisory Group LLC acquired a new stake in shares of CDW in the 3rd quarter valued at approximately $28,000. TFC Financial Management Inc. boosted its holdings in shares of CDW by 61.1% in the 3rd quarter. TFC Financial Management Inc. now owns 145 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 55 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of CDW in the 4th quarter valued at approximately $36,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of CDW in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Stock Down 0.5 %

CDW stock opened at $242.26 on Friday. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.23 and a quick ratio of 1.11. The stock has a market capitalization of $32.55 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.76 and a beta of 1.09. The business’s fifty day moving average price is $247.25 and its two-hundred day moving average price is $228.55. CDW Co. has a fifty-two week low of $162.59 and a fifty-two week high of $263.37.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.01. The firm had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.32 billion. CDW had a return on equity of 73.93% and a net margin of 5.17%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.40 EPS. On average, equities analysts anticipate that CDW Co. will post 9.89 earnings per share for the current year.

CDW Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.02%. The ex-dividend date was Friday, February 23rd. CDW’s payout ratio is 30.62%.

CDW declared that its board has authorized a stock repurchase program on Wednesday, February 7th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the information technology services provider to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have recently commented on CDW shares. Barclays increased their price objective on CDW from $219.00 to $261.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. increased their price target on CDW from $267.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Evercore ISI increased their price target on CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Finally, Citigroup increased their price target on CDW from $255.00 to $295.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, CDW has an average rating of “Moderate Buy” and an average target price of $242.67.

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.