Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its position in shares of CDW (NASDAQ:CDW) by 28.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,559 shares of the information technology services provider’s stock after selling 3,765 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in CDW were worth $921,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC raised its stake in CDW by 2.5% during the fourth quarter. LPL Financial LLC now owns 7,943 shares of the information technology services provider’s stock valued at $644,000 after buying an additional 197 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of CDW by 82.4% during the 3rd quarter. Riverhead Capital Management LLC now owns 1,550 shares of the information technology services provider’s stock worth $138,000 after purchasing an additional 700 shares during the period. Cerebellum GP LLC raised its position in shares of CDW by 62.3% during the 4th quarter. Cerebellum GP LLC now owns 3,316 shares of the information technology services provider’s stock worth $269,000 after purchasing an additional 1,273 shares during the period. First Hawaiian Bank raised its position in shares of CDW by 0.8% during the 1st quarter. First Hawaiian Bank now owns 19,642 shares of the information technology services provider’s stock worth $1,893,000 after purchasing an additional 158 shares during the period. Finally, Calamos Wealth Management LLC acquired a new stake in shares of CDW during the 4th quarter worth approximately $405,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.
CDW stock traded up $2.44 on Thursday, reaching $106.49. The company’s stock had a trading volume of 33,806 shares, compared to its average volume of 733,567. CDW has a 52 week low of $68.88 and a 52 week high of $104.52. The firm has a market capitalization of $15.00 billion, a price-to-earnings ratio of 20.95 and a beta of 1.05. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.19.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 25th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, February 22nd. CDW’s dividend payout ratio (DPR) is 23.14%.
CDW has been the topic of a number of research reports. BidaskClub upgraded CDW from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. Zacks Investment Research cut CDW from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st. Credit Suisse Group started coverage on CDW in a research report on Thursday. They set an “outperform” rating and a $117.00 price target on the stock. Finally, ValuEngine raised CDW from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $97.17.
In other CDW news, insider Christina M. Corley sold 3,567 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $96.70, for a total transaction of $344,928.90. Following the completion of the transaction, the insider now directly owns 643,052 shares of the company’s stock, valued at approximately $62,183,128.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven W. Alesio sold 20,013 shares of the stock in a transaction on Monday, February 11th. The shares were sold at an average price of $89.66, for a total value of $1,794,365.58. Following the transaction, the director now directly owns 24,183 shares of the company’s stock, valued at $2,168,247.78. The disclosure for this sale can be found here. Insiders sold a total of 101,577 shares of company stock valued at $9,062,099 over the last three months. Corporate insiders own 2.60% of the company’s stock.
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CDW Company Profile
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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