Thrivent Financial for Lutherans grew its stake in shares of CDW common stock (NASDAQ:CDW) by 30.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,926 shares of the information technology services provider’s stock after purchasing an additional 28,444 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of CDW common stock worth $8,643,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC bought a new stake in CDW common stock during the fourth quarter worth about $128,000. Delpha Capital Management LLC bought a new stake in CDW common stock during the fourth quarter worth about $154,000. SG Americas Securities LLC bought a new stake in CDW common stock during the fourth quarter worth about $184,000. Bank of Hawaii bought a new stake in CDW common stock during the fourth quarter worth about $202,000. Finally, Two Sigma Securities LLC bought a new stake in CDW common stock during the fourth quarter worth about $208,000. 90.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CDW common stock stock opened at $83.84 on Friday. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.35 and a quick ratio of 1.16. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 21.61 and a beta of 1.11. CDW common stock has a 52-week low of $58.57 and a 52-week high of $85.49.
The company also recently announced a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Friday, May 25th were issued a $0.21 dividend. The ex-dividend date was Thursday, May 24th. This represents a $0.84 annualized dividend and a yield of 1.00%. CDW common stock’s dividend payout ratio (DPR) is presently 21.65%.
In other news, insider Christina M. Corley sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $69.68, for a total transaction of $278,720.00. Following the completion of the transaction, the insider now directly owns 36,177 shares of the company’s stock, valued at $2,520,813.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christine A. Leahy sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $76.21, for a total transaction of $1,333,675.00. Following the transaction, the insider now directly owns 177,915 shares of the company’s stock, valued at $13,558,902.15. The disclosure for this sale can be found here. Insiders sold 76,017 shares of company stock valued at $6,037,715 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.
Several equities research analysts recently commented on CDW shares. BidaskClub lowered shares of CDW common stock from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 30th. Needham & Company LLC boosted their price objective on shares of CDW common stock from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, March 22nd. Zacks Investment Research raised shares of CDW common stock from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Tuesday, May 8th. JPMorgan Chase & Co. started coverage on shares of CDW common stock in a research note on Wednesday, March 7th. They set a “neutral” rating and a $83.00 price objective on the stock. Finally, Robert W. Baird reissued a “buy” rating on shares of CDW common stock in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $78.50.
CDW common stock 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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