CDW Co. (NASDAQ:CDW) Holdings Reduced by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC lowered its position in CDW Co. (NASDAQ:CDW) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,181 shares of the information technology services provider’s stock after selling 279 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in CDW were worth $6,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Waldron Private Wealth LLC lifted its holdings in CDW by 103.0% in the fourth quarter. Waldron Private Wealth LLC now owns 3,366 shares of the information technology services provider’s stock worth $586,000 after purchasing an additional 1,708 shares during the period. Mediolanum International Funds Ltd increased its stake in CDW by 53.4% during the 4th quarter. Mediolanum International Funds Ltd now owns 31,336 shares of the information technology services provider’s stock valued at $5,419,000 after buying an additional 10,902 shares during the period. Milestone Asset Management LLC raised its position in shares of CDW by 77.0% during the 4th quarter. Milestone Asset Management LLC now owns 9,555 shares of the information technology services provider’s stock worth $1,663,000 after buying an additional 4,156 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of CDW by 9.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 18,471 shares of the information technology services provider’s stock worth $3,215,000 after acquiring an additional 1,629 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in shares of CDW by 57.3% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,714 shares of the information technology services provider’s stock valued at $2,213,000 after acquiring an additional 4,630 shares during the period. Institutional investors own 93.15% of the company’s stock.

CDW Stock Up 0.7 %

CDW stock opened at $199.14 on Friday. The company’s 50 day simple moving average is $181.72 and its 200-day simple moving average is $203.57. CDW Co. has a 52-week low of $168.43 and a 52-week high of $263.37. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.40 and a quick ratio of 1.28. The firm has a market capitalization of $26.54 billion, a P/E ratio of 24.34, a P/E/G ratio of 5.29 and a beta of 1.01.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.05). The business had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.72 billion. CDW had a net margin of 5.33% and a return on equity of 58.31%. 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 company earned $2.60 EPS. As a group, equities research analysts anticipate that CDW Co. will post 8.99 EPS 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 paid a $0.625 dividend. This is an increase from CDW’s previous quarterly dividend of $0.62. This represents a $2.50 annualized dividend and a yield of 1.26%. The ex-dividend date was Monday, November 25th. CDW’s dividend payout ratio is currently 30.56%.

Analysts Set New Price Targets

CDW has been the subject of a number of research reports. Redburn Atlantic assumed coverage on CDW in a research note on Friday, November 15th. They set a “buy” rating and a $230.00 price target for the company. Morgan Stanley lifted their target price on CDW from $190.00 to $193.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. UBS Group cut their price target on shares of 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 objective on shares of 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, JPMorgan Chase & Co. lowered shares of CDW from an “overweight” rating to a “neutral” rating and cut their target price for the company from $260.00 to $235.00 in a research note on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.