CDW Co. (NASDAQ:CDW) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lowered its holdings in CDW Co. (NASDAQ:CDW) by 21.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 518 shares of the information technology services provider’s stock after selling 144 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in CDW were worth $117,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors 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 acquiring an additional 714,393 shares during the period. Wellington Management Group LLP grew its holdings in CDW by 29.1% in the fourth quarter. Wellington Management Group LLP now owns 3,464,886 shares of the information technology services provider’s stock valued at $787,638,000 after purchasing an additional 781,421 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in CDW by 0.9% in the first quarter. Mawer Investment Management Ltd. now owns 3,101,924 shares of the information technology services provider’s stock valued at $793,410,000 after purchasing an additional 27,753 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of CDW by 3.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,431,573 shares of the information technology services provider’s stock worth $366,168,000 after buying an additional 51,450 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of CDW by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,292,674 shares of the information technology services provider’s stock worth $289,357,000 after buying an additional 128,263 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CDW. Stifel Nicolaus lifted their price objective on CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Citigroup downgraded CDW from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st. Finally, Barclays dropped their price objective on CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, CDW presently has a consensus rating of “Moderate Buy” and an average target price of $255.00.

CDW Trading Up 1.6 %

NASDAQ CDW opened at $221.69 on Friday. The firm has a market capitalization of $29.79 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 3.40 and a beta of 1.03. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.13. CDW Co. has a one year low of $185.04 and a one year high of $263.37. The company’s 50 day moving average price is $220.24 and its 200 day moving average price is $228.25.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 EPS for the quarter, missing the consensus estimate of $2.39 by ($0.05). The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the business earned $2.43 earnings per share. On average, sell-side analysts predict that CDW Co. will post 9.4 EPS for the current year.

CDW Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a $0.62 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.12%. CDW’s dividend payout ratio (DPR) is presently 30.96%.

Insider Activity

In related news, insider Sona Chawla sold 18,437 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total transaction of $4,433,176.65. Following the sale, the insider now directly owns 22,428 shares of the company’s stock, valued at approximately $5,392,812.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CDW news, insider Christine A. Leahy purchased 1,200 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were bought at an average price of $216.15 per share, with a total value of $259,380.00. Following the completion of the acquisition, the insider now owns 102,200 shares in the company, valued at approximately $22,090,530. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sona Chawla sold 18,437 shares of CDW 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 sale, the insider now directly owns 22,428 shares in the company, valued at $5,392,812.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

CDW Company 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.