Toronto Dominion Bank Has $22.42 Million Holdings in CDW Co. (NASDAQ:CDW)

Toronto Dominion Bank lessened its position in CDW Co. (NASDAQ:CDW) by 0.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 87,663 shares of the information technology services provider’s stock after selling 126 shares during the period. Toronto Dominion Bank owned approximately 0.07% of CDW worth $22,422,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Aaron Wealth Advisors LLC grew its holdings in CDW by 2.8% during the first quarter. Aaron Wealth Advisors LLC now owns 1,540 shares of the information technology services provider’s stock worth $394,000 after buying an additional 42 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in CDW by 5.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 767 shares of the information technology services provider’s stock valued at $196,000 after purchasing an additional 43 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in CDW by 1.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,446 shares of the information technology services provider’s stock valued at $881,000 after purchasing an additional 47 shares during the period. Prestige Wealth Management Group LLC grew its stake in CDW by 6.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 811 shares of the information technology services provider’s stock valued at $184,000 after purchasing an additional 49 shares during the period. Finally, Checchi Capital Advisers LLC grew its stake in CDW by 3.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,502 shares of the information technology services provider’s stock valued at $341,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Price Performance

CDW traded up $1.12 during trading on Friday, reaching $229.74. 988,622 shares of the company were exchanged, compared to its average volume of 859,436. The company’s 50-day moving average is $226.33 and its two-hundred day moving average is $234.08. The company has a market cap of $30.88 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 3.37 and a beta of 1.04. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 2.35. CDW Co. has a 12-month low of $184.99 and a 12-month high of $263.37.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.15). CDW had a return on equity of 67.56% and a net margin of 5.16%. The company had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Research analysts forecast that CDW Co. will post 9.67 earnings per share for the current fiscal year.

CDW Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Friday, May 24th were issued a $0.62 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.48 annualized dividend and a dividend yield of 1.08%. CDW’s payout ratio is currently 30.96%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CDW shares. JPMorgan Chase & Co. reduced their price objective on CDW from $280.00 to $265.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Stifel Nicolaus upped their price target on CDW from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Citigroup dropped their price target on CDW from $295.00 to $260.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Northcoast Research raised CDW from a “neutral” rating to a “buy” rating and set a $270.00 price target on the stock in a research report on Friday, June 7th. Finally, Barclays dropped their price target on CDW from $261.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, CDW has a consensus rating of “Moderate Buy” and a consensus price target of $251.11.

Insider Buying and Selling at CDW

In other CDW news, insider Sona Chawla sold 18,437 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total value of $4,433,176.65. Following the sale, the insider now owns 22,428 shares of the company’s stock, valued at approximately $5,392,812.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

About CDW

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.