Toth Financial Advisory Corp Sells 1,211 Shares of CDW Co. (NASDAQ:CDW)

Toth Financial Advisory Corp trimmed its position in CDW Co. (NASDAQ:CDW) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,576 shares of the information technology services provider’s stock after selling 1,211 shares during the period. Toth Financial Advisory Corp’s holdings in CDW were worth $3,059,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Canoe Financial LP bought a new position in CDW during the 3rd quarter worth $37,000. Fortitude Family Office LLC raised its position in CDW by 350.0% during the 3rd quarter. Fortitude Family Office LLC now owns 171 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 133 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in CDW during the 3rd quarter worth $43,000. Covestor Ltd raised its position in CDW by 80.1% during the 3rd quarter. Covestor Ltd now owns 245 shares of the information technology services provider’s stock worth $55,000 after purchasing an additional 109 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new position in CDW during the 2nd quarter worth $56,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CDW has been the subject of several analyst reports. JPMorgan Chase & Co. lowered shares of CDW from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $260.00 to $235.00 in a report on Monday, October 28th. Citigroup lowered shares of CDW from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $250.00 to $245.00 in a report on Tuesday, October 1st. Barclays lowered their price objective on CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Morgan Stanley lifted their price objective on CDW from $190.00 to $193.00 and gave the stock an “equal weight” rating in a research report on Monday, December 16th. Finally, UBS Group lowered their price objective on CDW from $233.00 to $220.00 and set a “buy” rating for the company in a research 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $239.33.

CDW Trading Down 1.2 %

Shares of CDW stock opened at $195.13 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40. CDW Co. has a 52 week low of $168.43 and a 52 week high of $263.37. The stock has a 50 day moving average price of $179.79 and a two-hundred day moving average price of $204.53. The stock has a market capitalization of $26.00 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 5.26 and a beta of 1.01.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, October 30th. The information technology services provider reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.05). CDW had a net margin of 5.33% and a return on equity of 58.31%. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the business posted $2.60 EPS. The company’s revenue was down 2.0% on a year-over-year basis. As a group, equities analysts anticipate that CDW Co. will post 8.99 earnings per share for the current fiscal year.

CDW Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a dividend of $0.625 per share. This is a boost from CDW’s previous quarterly dividend of $0.62. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Monday, November 25th. CDW’s dividend payout ratio (DPR) is currently 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.