SeaCrest Wealth Management LLC Acquires New Shares in CDW Co. (NASDAQ:CDW)

SeaCrest Wealth Management LLC acquired a new stake in CDW Co. (NASDAQ:CDWGet Rating) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 252 shares of the information technology services provider’s stock, valued at approximately $40,000.

Several other large investors have also bought and sold shares of CDW. BlackRock Inc. raised its position in CDW by 16.2% in the first quarter. BlackRock Inc. now owns 11,059,776 shares of the information technology services provider’s stock valued at $1,978,483,000 after purchasing an additional 1,540,145 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in CDW in the first quarter valued at about $100,345,000. Aaron Wealth Advisors LLC raised its position in CDW by 17,911.4% in the first quarter. Aaron Wealth Advisors LLC now owns 315,740 shares of the information technology services provider’s stock valued at $1,765,000 after purchasing an additional 313,987 shares during the last quarter. Victory Capital Management Inc. raised its position in CDW by 31.2% in the first quarter. Victory Capital Management Inc. now owns 1,295,408 shares of the information technology services provider’s stock valued at $215,903,000 after purchasing an additional 308,108 shares during the last quarter. Finally, Argent Capital Management LLC raised its position in CDW by 845.4% in the second quarter. Argent Capital Management LLC now owns 303,557 shares of the information technology services provider’s stock valued at $47,828,000 after purchasing an additional 271,447 shares during the last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.

CDW Trading Down 0.3 %

Shares of CDW stock opened at $185.12 on Tuesday. The company has a market cap of $25.06 billion, a P/E ratio of 24.33, a PEG ratio of 1.53 and a beta of 1.12. The stock has a 50 day simple moving average of $167.95 and a two-hundred day simple moving average of $169.09. The company has a debt-to-equity ratio of 4.60, a quick ratio of 1.12 and a current ratio of 1.29. CDW Co. has a fifty-two week low of $147.91 and a fifty-two week high of $208.71.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 25th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Wednesday, November 23rd. This is a boost from CDW’s previous quarterly dividend of $0.50. CDW’s dividend payout ratio (DPR) is 26.28%.

Wall Street Analyst Weigh In

CDW has been the subject of a number of analyst reports. StockNews.com initiated coverage on CDW in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley raised their price objective on CDW from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, November 3rd. Credit Suisse Group initiated coverage on CDW in a research report on Tuesday, August 16th. They set an “outperform” rating and a $202.00 price objective for the company. Raymond James lowered their price objective on CDW from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Finally, Citigroup lowered their price objective on CDW from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $206.00.

About CDW

(Get Rating)

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, hybrid, and cloud capabilities across data center and networking, digital workspace, and security.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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