CDW (NASDAQ:CDW) Shares Sold by SlateStone Wealth LLC

SlateStone Wealth LLC cut its holdings in CDW (NASDAQ:CDW) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,583 shares of the information technology services provider’s stock after selling 165 shares during the period. SlateStone Wealth LLC’s holdings in CDW were worth $509,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Berman Capital Advisors LLC boosted its holdings in shares of CDW by 166.3% in the 2nd quarter. Berman Capital Advisors LLC now owns 277 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 173 shares during the period. Cullen Frost Bankers Inc. lifted its position in CDW by 478.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 295 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 244 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in CDW in the 2nd quarter valued at about $56,000. Kavar Capital Partners LLC bought a new stake in CDW in the 2nd quarter valued at about $61,000. Finally, FinTrust Capital Advisors LLC lifted its position in CDW by 74.6% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 613 shares of the information technology services provider’s stock valued at $68,000 after purchasing an additional 262 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

In related news, insider Jill M. Billhorn sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $111.69, for a total transaction of $55,845.00. Following the transaction, the insider now directly owns 14,755 shares of the company’s stock, valued at $1,647,985.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Neil B. Fairfield sold 2,118 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $118.12, for a total transaction of $250,178.16. Following the transaction, the insider now directly owns 7,054 shares in the company, valued at $833,218.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 204,374 shares of company stock worth $21,721,725. 2.25% of the stock is currently owned by insiders.

Several brokerages recently weighed in on CDW. Bank of America began coverage on shares of CDW in a research report on Tuesday, July 30th. They issued a “buy” rating and a $140.00 price objective on the stock. Morgan Stanley boosted their price target on shares of CDW from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Credit Suisse Group boosted their price target on shares of CDW from $118.00 to $132.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of CDW from a “hold” rating to a “strong-buy” rating and set a $113.00 price target on the stock in a research report on Tuesday, August 6th. Finally, Northcoast Research downgraded shares of CDW from a “buy” rating to a “neutral” rating in a research report on Friday, April 26th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $118.13.

Shares of CDW traded up $1.62 during mid-day trading on Wednesday, hitting $115.35. The company’s stock had a trading volume of 10,002 shares, compared to its average volume of 762,979. The firm has a 50-day moving average price of $113.46 and a 200 day moving average price of $103.80. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 1.52 and a beta of 1.10. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.28 and a quick ratio of 1.09. CDW has a fifty-two week low of $74.32 and a fifty-two week high of $120.82.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.10. The company had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.50 billion. CDW had a net margin of 4.07% and a return on equity of 82.78%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS. As a group, equities analysts anticipate that CDW will post 5.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, August 23rd. CDW’s dividend payout ratio (DPR) is currently 23.14%.

About CDW

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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