Resonant Capital Advisors LLC Increases Stock Position in CDW Co. (NASDAQ:CDW)

Resonant Capital Advisors LLC grew its position in CDW Co. (NASDAQ:CDW) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,223 shares of the information technology services provider’s stock after purchasing an additional 69 shares during the period. Resonant Capital Advisors LLC’s holdings in CDW were worth $735,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC increased its stake in shares of CDW by 838.6% in the fourth quarter. DAVENPORT & Co LLC now owns 11,901 shares of the information technology services provider’s stock worth $2,064,000 after purchasing an additional 10,633 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of CDW by 4.4% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,996 shares of the information technology services provider’s stock worth $695,000 after purchasing an additional 169 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in shares of CDW by 28.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 2,169 shares of the information technology services provider’s stock worth $377,000 after purchasing an additional 475 shares in the last quarter. Waldron Private Wealth LLC increased its stake in shares of CDW by 103.0% in the fourth quarter. Waldron Private Wealth LLC now owns 3,366 shares of the information technology services provider’s stock worth $586,000 after purchasing an additional 1,708 shares in the last quarter. Finally, Mediolanum International Funds Ltd increased its stake in shares of CDW by 53.4% in the fourth quarter. Mediolanum International Funds Ltd now owns 31,336 shares of the information technology services provider’s stock worth $5,419,000 after purchasing an additional 10,902 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CDW shares. Barclays reduced their price objective on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut shares of CDW from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $260.00 to $235.00 in a research note on Monday, October 28th. UBS Group reduced their price objective on shares of CDW from $233.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Redburn Atlantic started coverage on shares of CDW in a research note on Friday, November 15th. They set a “buy” rating and a $230.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on shares of CDW from $190.00 to $193.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, CDW currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.33.

CDW Stock Down 0.4 %

NASDAQ:CDW opened at $198.44 on Tuesday. The firm’s 50-day moving average price is $182.06 and its 200-day moving average price is $202.83. The company has a market capitalization of $26.44 billion, a PE ratio of 24.26, a P/E/G ratio of 5.39 and a beta of 1.01. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.40 and a quick ratio of 1.28. CDW Co. has a 1-year low of $168.43 and a 1-year high of $263.37.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.26%. This is an increase from CDW’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, November 25th. CDW’s dividend payout ratio is 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.