Bartlett & CO. Wealth Management LLC Has $46.42 Million Stake in CDW Co. (NASDAQ:CDW)

Bartlett & CO. Wealth Management LLC reduced its stake in shares of CDW Co. (NASDAQ:CDW - Free Report) by 8.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,118 shares of the information technology services provider's stock after selling 19,592 shares during the quarter. Bartlett & CO. Wealth Management LLC owned about 0.15% of CDW worth $46,418,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tsfg LLC bought a new stake in shares of CDW during the first quarter valued at approximately $26,000. ORG Partners LLC acquired a new position in CDW during the 2nd quarter worth $34,000. Quest Partners LLC bought a new position in shares of CDW in the second quarter worth $35,000. Summit Securities Group LLC acquired a new position in shares of CDW during the second quarter valued at $40,000. Finally, Continuum Advisory LLC raised its stake in shares of CDW by 1,692.3% during the second quarter. Continuum Advisory LLC now owns 233 shares of the information technology services provider's stock valued at $52,000 after purchasing an additional 220 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

CDW Price Performance

Shares of NASDAQ CDW traded down $2.87 during trading on Friday, hitting $218.31. The company had a trading volume of 933,605 shares, compared to its average volume of 817,209. CDW Co. has a 52 week low of $185.04 and a 52 week high of $263.37. The business's 50-day moving average is $221.46 and its 200 day moving average is $226.14. The company has a market cap of $29.34 billion, a P/E ratio of 27.25, a PEG ratio of 3.42 and a beta of 1.03. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.13.

CDW (NASDAQ:CDW - Get Free Report) last announced its earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 EPS for the quarter, missing the consensus estimate of $2.39 by ($0.05). The company had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.43 earnings per share. Equities research analysts predict that CDW Co. will post 9.4 earnings per share for the current fiscal year.

CDW Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, August 26th. CDW's dividend payout ratio (DPR) is currently 30.96%.

Wall Street Analyst Weigh In

Several equities analysts have commented on CDW shares. Stifel Nicolaus raised their target price on shares of CDW from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th. Citigroup cut CDW from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $250.00 to $245.00 in a report on Tuesday, October 1st. Finally, Barclays decreased their price target on CDW from $232.00 to $229.00 and set an "equal weight" rating for the company in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $255.00.

Insider Activity

In other CDW news, insider Christine A. Leahy bought 1,200 shares of the firm's stock in a transaction dated Thursday, August 1st. The stock was acquired at an average price of $216.15 per share, with a total value of $259,380.00. Following the completion of the transaction, the insider now directly owns 102,200 shares in the company, valued at approximately $22,090,530. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is owned by company insiders.

CDW 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.