Arkadios Wealth Advisors Trims Stake in CDW Co. (NASDAQ:CDW)

Arkadios Wealth Advisors decreased its position in CDW Co. (NASDAQ:CDW) by 37.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 610 shares of the information technology services provider’s stock after selling 372 shares during the quarter. Arkadios Wealth Advisors’ holdings in CDW were worth $80,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. RMR Wealth Builders purchased a new position in shares of CDW in the 2nd quarter valued at $28,000. Meeder Asset Management Inc. lifted its holdings in shares of CDW by 76.6% during the third quarter. Meeder Asset Management Inc. now owns 242 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 105 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of CDW by 70.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 299 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 124 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in CDW in the 2nd quarter valued at approximately $46,000. Finally, Braun Bostich & Associates Inc. purchased a new stake in shares of CDW in the third quarter valued at approximately $46,000. 80.97% of the stock is owned by institutional investors and hedge funds.

NASDAQ:CDW opened at $131.95 on Friday. CDW Co. has a 1-year low of $73.39 and a 1-year high of $146.95. The firm has a 50 day simple moving average of $130.07 and a 200-day simple moving average of $117.43. The firm has a market cap of $18.87 billion, a PE ratio of 26.03, a P/E/G ratio of 1.75 and a beta of 1.17. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.50 and a quick ratio of 1.33.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Monday, November 2nd. The information technology services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.51 by $0.32. The company had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.57 billion. CDW had a return on equity of 88.43% and a net margin of 4.08%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 EPS. As a group, sell-side analysts expect that CDW Co. will post 6.08 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. This is an increase from CDW’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Tuesday, November 24th. CDW’s payout ratio is presently 25.25%.

A number of brokerages have recently weighed in on CDW. BidaskClub upgraded CDW from a “hold” rating to a “buy” rating in a research report on Thursday, November 5th. Zacks Investment Research cut shares of CDW from a “buy” rating to a “hold” rating and set a $132.00 target price for the company. in a research report on Tuesday, October 6th. Smith Barney Citigroup upped their price target on shares of CDW from $140.00 to $145.00 in a report on Tuesday, November 3rd. Credit Suisse Group raised their price objective on shares of CDW from $127.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 3rd. Finally, Morgan Stanley lifted their price objective on CDW from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. CDW currently has a consensus rating of “Hold” and an average target price of $134.60.

CDW Profile

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers 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, 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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