Alliancebernstein L.P. Has $246.82 Million Stake in CDW Corp (CDW)
Alliancebernstein L.P. decreased its stake in CDW Corp (NASDAQ:CDW) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,551,841 shares of the information technology services provider’s stock after selling 84,531 shares during the period. Alliancebernstein L.P.’s holdings in CDW were worth $246,817,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in CDW. Lloyds Banking Group plc acquired a new stake in CDW in the 3rd quarter valued at about $108,000. Cerebellum GP LLC acquired a new stake in CDW in the 4th quarter valued at about $128,000. Delpha Capital Management LLC acquired a new stake in CDW in the 4th quarter valued at about $154,000. SG Americas Securities LLC acquired a new stake in CDW in the 4th quarter valued at about $184,000. Finally, Bank of Hawaii acquired a new stake in CDW in the 4th quarter valued at about $202,000. Institutional investors own 91.04% of the company’s stock.
Shares of CDW Corp (CDW) opened at $73.14 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 4.20. The stock has a market cap of $11,148.22, a P/E ratio of 21.96 and a beta of 1.06. CDW Corp has a 1 year low of $55.80 and a 1 year high of $76.73.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.84 annualized dividend and a yield of 1.15%. CDW’s dividend payout ratio (DPR) is presently 25.23%.
In other news, insider Neal J. Campbell sold 2,400 shares of CDW stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $68.22, for a total value of $163,728.00. Following the completion of the sale, the insider now directly owns 28,479 shares in the company, valued at $1,942,837.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Frederick J. Kulevich sold 2,051 shares of CDW stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.30, for a total transaction of $146,236.30. Following the completion of the sale, the insider now owns 16,504 shares of the company’s stock, valued at $1,176,735.20. The disclosure for this sale can be found here. Insiders have sold 60,242 shares of company stock valued at $4,233,208 over the last 90 days. Company insiders own 2.60% of the company’s stock.
Several equities research analysts recently issued reports on CDW shares. Zacks Investment Research downgraded shares of CDW from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $80.00 target price on shares of CDW in a research note on Monday, January 15th. ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub upgraded shares of CDW from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. Finally, Barclays restated a “hold” rating and set a $69.00 price objective on shares of CDW in a research report on Sunday, November 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $72.00.
CDW Company Profile
CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.
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