Southeast Asset Advisors LLC Decreases Stake in CDW Corporation $CDW

Key Points

• Southeast Asset Advisors LLC reduced its stake in CDW Corporation by 9.5%, now holding 17,506 shares valued at approximately $2.8 million after selling 1,827 shares.
• Several institutional investors have increased their positions in CDW, with Northwestern Mutual Wealth Management Co. raising its stake by 29.8% and AlphaQuest LLC growing its stake by 103.6%.
• CDW announced a quarterly dividend of $0.625 per share, equating to a 1.5% dividend yield and expected to be paid on September 10th.

Southeast Asset Advisors LLC lessened its holdings in CDW Corporation (NASDAQ:CDW - Free Report) by 9.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,506 shares of the information technology services provider's stock after selling 1,827 shares during the period. Southeast Asset Advisors LLC's holdings in CDW were worth $2,806,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Stifel Financial Corp boosted its stake in CDW by 19.1% during the fourth quarter. Stifel Financial Corp now owns 88,663 shares of the information technology services provider's stock worth $15,431,000 after buying an additional 14,234 shares during the period. Nebula Research & Development LLC bought a new stake in shares of CDW in the 4th quarter worth about $1,511,000. Coldstream Capital Management Inc. boosted its stake in shares of CDW by 11.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,778 shares of the information technology services provider's stock worth $309,000 after purchasing an additional 184 shares during the period. Aquatic Capital Management LLC bought a new position in CDW during the 4th quarter valued at about $5,916,000. Finally, Berger Financial Group Inc grew its holdings in CDW by 2.8% during the 4th quarter. Berger Financial Group Inc now owns 22,793 shares of the information technology services provider's stock valued at $3,967,000 after purchasing an additional 615 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

CDW Stock Up 0.4%

NASDAQ:CDW traded up $0.64 during trading hours on Thursday, reaching $165.87. The company's stock had a trading volume of 1,225,133 shares, compared to its average volume of 1,323,898. The stock has a 50 day moving average price of $173.63 and a two-hundred day moving average price of $172.08. 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 company has a market capitalization of $21.74 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 2.72 and a beta of 0.95. CDW Corporation has a 12 month low of $137.31 and a 12 month high of $230.86.

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

CDW Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.5%. CDW's dividend payout ratio is presently 31.06%.

Analyst Upgrades and Downgrades

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

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.