Kathmere Capital Management LLC Sells 328 Shares of CDW Co. (NASDAQ:CDW)

Kathmere Capital Management LLC lessened its stake in CDW Co. (NASDAQ:CDW) by 13.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,098 shares of the information technology services provider’s stock after selling 328 shares during the period. Kathmere Capital Management LLC’s holdings in CDW were worth $365,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CDW. PDS Planning Inc boosted its holdings in CDW by 4.3% during the third quarter. PDS Planning Inc now owns 1,186 shares of the information technology services provider’s stock worth $268,000 after purchasing an additional 49 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of CDW by 0.5% in the 2nd quarter. Profund Advisors LLC now owns 12,469 shares of the information technology services provider’s stock worth $2,791,000 after buying an additional 58 shares during the last quarter. OneAscent Wealth Management LLC boosted its stake in shares of CDW by 2.5% in the 3rd quarter. OneAscent Wealth Management LLC now owns 2,387 shares of the information technology services provider’s stock worth $540,000 after buying an additional 58 shares during the last quarter. Fulcrum Equity Management grew its holdings in shares of CDW by 4.3% in the third quarter. Fulcrum Equity Management now owns 1,442 shares of the information technology services provider’s stock valued at $326,000 after acquiring an additional 60 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co increased its position in shares of CDW by 0.5% during the second quarter. Elo Mutual Pension Insurance Co now owns 12,301 shares of the information technology services provider’s stock valued at $2,753,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CDW shares. Morgan Stanley upped their price objective on CDW from $190.00 to $193.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Redburn Atlantic initiated coverage on shares of CDW in a report on Friday, November 15th. They set a “buy” rating and a $230.00 price objective for the company. Barclays lowered their price objective on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Citigroup downgraded shares of CDW from a “buy” rating to a “neutral” rating and reduced their target price for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st. Finally, UBS Group lowered their price target on shares of CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.33.

CDW Stock Up 0.2 %

CDW stock opened at $187.79 on Friday. The firm has a 50 day simple moving average of $179.35 and a 200 day simple moving average of $205.58. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 2.39. CDW Co. has a 1-year low of $168.43 and a 1-year high of $263.37. The firm has a market capitalization of $25.02 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 4.91 and a beta of 1.01.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.05). The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.72 billion. CDW had a net margin of 5.33% and a return on equity of 58.31%. CDW’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.60 earnings per share. On average, analysts predict that CDW Co. will post 8.99 earnings per share for the current year.

CDW Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from CDW’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, November 25th. CDW’s dividend payout ratio is presently 30.56%.

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.