US Bancorp DE Boosts Stock Holdings in CDW Co. (NASDAQ:CDW)

US Bancorp DE raised its stake in shares of CDW Co. (NASDAQ:CDWFree Report) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,213 shares of the information technology services provider’s stock after purchasing an additional 924 shares during the quarter. US Bancorp DE’s holdings in CDW were worth $9,526,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of CDW by 9.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,513 shares of the information technology services provider’s stock worth $1,165,000 after buying an additional 547 shares during the period. Acadian Asset Management LLC acquired a new position in CDW in the first quarter valued at $103,000. Panagora Asset Management Inc. grew its stake in shares of CDW by 160.4% in the first quarter. Panagora Asset Management Inc. now owns 4,645 shares of the information technology services provider’s stock valued at $831,000 after buying an additional 2,861 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in 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, Blair William & Co. IL lifted its holdings in shares of CDW by 1.5% in the 1st quarter. Blair William & Co. IL now owns 33,977 shares of the information technology services provider’s stock worth $6,078,000 after purchasing an additional 515 shares during the last quarter. Institutional investors own 93.04% of the company’s stock.

Insider Buying and Selling

In other CDW news, insider Christina M. Corley sold 700 shares of CDW stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $220.01, for a total value of $154,007.00. Following the sale, the insider now owns 62,536 shares of the company’s stock, valued at approximately $13,758,545.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Christina M. Corley sold 700 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $220.01, for a total value of $154,007.00. Following the transaction, the insider now owns 62,536 shares of the company’s stock, valued at $13,758,545.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christina M. Corley sold 48,320 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $217.23, for a total transaction of $10,496,553.60. Following the completion of the sale, the insider now owns 62,536 shares of the company’s stock, valued at approximately $13,584,695.28. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.

CDW Trading Down 0.0 %

CDW stock traded down $0.09 during midday trading on Friday, hitting $228.90. The stock had a trading volume of 222,285 shares, compared to its average volume of 722,093. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.35 and a quick ratio of 1.20. The firm has a market cap of $30.66 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The company’s 50-day moving average price is $219.47 and its 200 day moving average price is $208.48. CDW Co. has a 12-month low of $160.66 and a 12-month high of $229.54.

CDW (NASDAQ:CDWGet Free Report) last released its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.16. CDW had a net margin of 5.03% and a return on equity of 78.15%. The firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.82 billion. On average, equities research analysts predict that CDW Co. will post 9.36 earnings per share for the current fiscal year.

CDW Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, November 24th were issued a $0.62 dividend. This is an increase from CDW’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Wednesday, November 22nd. CDW’s payout ratio is 30.96%.

Analyst Ratings Changes

Several research analysts have recently commented on CDW shares. UBS Group assumed coverage on CDW in a report on Tuesday, October 3rd. They issued a “buy” rating and a $237.00 target price on the stock. Morgan Stanley cut shares of CDW from an “overweight” rating to an “equal weight” rating and set a $216.00 target price on the stock. in a research note on Tuesday, December 12th. StockNews.com initiated coverage on shares of CDW in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Barclays increased their target price on shares of CDW from $216.00 to $219.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Finally, Evercore ISI lifted their price target on shares of CDW from $215.00 to $250.00 in a research report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, CDW has an average rating of “Moderate Buy” and a consensus target price of $213.20.

Read Our Latest Research Report on CDW

About CDW

(Free Report)

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 hybrid infrastructure, digital experience, and security.

Featured Stories

Want to see what other hedge funds are holding CDW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CDW Co. (NASDAQ:CDWFree Report).

Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

Receive News & Ratings for CDW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDW and related companies with MarketBeat.com's FREE daily email newsletter.