CDW Corporation $CDW Shares Acquired by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in CDW Corporation by 36.5% during Q1, now owning 20,992 shares valued at approximately $3.37 million.
• CDW Corporation reported earnings of $2.60 per share, surpassing estimates, with a revenue of $5.98 billion for the most recent quarter.
• The company declared a quarterly dividend of $0.625 per share, representing an annualized yield of 1.5% and a payout ratio of 31.06%.

CW Advisors LLC grew its holdings in CDW Corporation (NASDAQ:CDW - Free Report) by 36.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,992 shares of the information technology services provider's stock after buying an additional 5,614 shares during the quarter. CW Advisors LLC's holdings in CDW were worth $3,367,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of CDW by 444.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,632,119 shares of the information technology services provider's stock valued at $261,564,000 after buying an additional 1,332,454 shares during the period. Capital Analysts LLC acquired a new stake in shares of CDW in the 1st quarter valued at approximately $46,000. Credit Agricole S A lifted its holdings in shares of CDW by 7.1% in the 1st quarter. Credit Agricole S A now owns 40,720 shares of the information technology services provider's stock valued at $6,526,000 after buying an additional 2,711 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of CDW by 13.0% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 21,389 shares of the information technology services provider's stock valued at $3,436,000 after buying an additional 2,456 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in CDW by 8.7% during the first quarter. Hsbc Holdings PLC now owns 328,252 shares of the information technology services provider's stock worth $52,520,000 after purchasing an additional 26,154 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

CDW Stock Performance

CDW stock opened at $167.00 on Friday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.22 and a current ratio of 1.35. The stock has a fifty day moving average of $173.99 and a two-hundred day moving average of $172.56. The company has a market capitalization of $21.89 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 2.78 and a beta of 0.95. CDW Corporation has a fifty-two week low of $137.31 and a fifty-two week high of $231.38.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The information technology services provider reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.11. The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.51 billion. CDW had a return on equity of 53.63% and a net margin of 4.92%.CDW's revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.50 earnings per share. On average, analysts anticipate that CDW Corporation will post 9.41 EPS for the current fiscal year.

CDW Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 25th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $2.50 annualized dividend and a yield of 1.5%. CDW's dividend payout ratio (DPR) is presently 31.06%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays reduced their price objective on CDW from $205.00 to $176.00 and set an "equal weight" rating for the company in a report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price objective on CDW from $185.00 to $205.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. UBS Group reduced their price objective on CDW from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Finally, Citigroup lifted their price objective on CDW from $180.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $202.00.

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.

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