2 weeks Ago By ABMN Staff
Strategic Blueprint LLC trimmed its stake in CDW Co. ( NASDAQ:CDW – Free Report ) by 16.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 2,349 shares of the information technology services provider’s stock after selling 467 shares during the period. Strategic Blueprint LLC’s holdings in CDW were worth $526,000 as of its most recent SEC filing. Several other hedge funds have also recently bought and sold shares of CDW.
Vanguard Group Inc. grew its holdings in shares of CDW by 4.6% in the 1st quarter.
Vanguard Group Inc. now owns 16,407,542 shares of the information technology services provider’s stock worth $4,196,721,000 after purchasing an additional 714,393 shares during the last quarter. Wellington Management Group LLP grew its stake in CDW by 29.
1% during the fourth quarter. Wellington Management Group LLP now owns 3,464,886 shares of the information technology services provider’s stock worth $787,638,000 after buying an additional 781,421 shares during the last quarter. Mawer Investment Management Ltd.
increased its holdings in shares of CDW by 0.9% during the first quarter. Mawer Investment Management Ltd.
now owns 3,101,924 shares of the information technology services provider’s stock worth $793,410,000 after buying an additional 27,753 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd.
raised its stake in shares of CDW by 3.7% in the first quarter. Mitsubishi UFJ Asset Management Co.
Ltd. now owns 1,431,573 shares of the information technology services provider’s stock valued at $366,168,000 after acquiring an additional 51,450 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of CDW by 3.
0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,135,792 shares of the information technology services provider’s stock valued at $258,196,000 after acquiring an additional 33,235 shares during the last quarter. 93.
15% of the stock is currently owned by institutional investors and hedge funds. CDW Stock Performance CDW stock opened at $223.12 on Friday.
CDW Co. has a 1 year low of $185.04 and a 1 year high of $263.
37. The company’s 50-day moving average is $222.96 and its two-hundred day moving average is $232.
74. The company has a current ratio of 1.13, a quick ratio of 1.
13 and a debt-to-equity ratio of 2.03. The company has a market cap of $29.
99 billion, a PE ratio of 27.86, a PEG ratio of 3.17 and a beta of 1.
04. CDW Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be paid a dividend of $0.
62 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $2.
48 dividend on an annualized basis and a dividend yield of 1.11%. CDW’s dividend payout ratio (DPR) is presently 30.
96%. Insider Activity at CDW In related news, insider Sona Chawla sold 18,437 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $240.
45, for a total value of $4,433,176.65. Following the sale, the insider now directly owns 22,428 shares in the company, valued at approximately $5,392,812.
60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . In other news, insider Sona Chawla sold 18,437 shares of the business’s stock in a transaction on Tuesday, July 16th.
The shares were sold at an average price of $240.45, for a total value of $4,433,176.65.
Following the completion of the transaction, the insider now owns 22,428 shares of the company’s stock, valued at approximately $5,392,812.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link .
Also, insider Christine A. Leahy acquired 1,200 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $216.
15 per share, for a total transaction of $259,380.00. Following the purchase, the insider now directly owns 102,200 shares in the company, valued at approximately $22,090,530.
The disclosure for this purchase can be found here . 0.90% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades A number of equities research analysts recently weighed in on CDW shares. Barclays dropped their price target on CDW from $232.00 to $229.
00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. Stifel Nicolaus raised their target price on CDW from $250.00 to $260.
00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Citigroup reduced their price target on shares of CDW from $295.00 to $260.
00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. JPMorgan Chase & Co. lowered their price objective on shares of CDW from $280.
00 to $265.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Northcoast Research upgraded shares of CDW from a “neutral” rating to a “buy” rating and set a $270.
00 target price on the stock in a research report on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and an average target price of $254.63. Get Our Latest Analysis on CDW CDW Company Profile ( 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 and cloud capabilities across hybrid infrastructure, digital experience, and security. Featured Articles 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.
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