Town & Country Bank & Trust CO dba First Bankers Trust CO Acquires 4,630 Shares of CDW Co. (NASDAQ:CDW)

Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in CDW Co. (NASDAQ:CDW) by 57.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,714 shares of the information technology services provider’s stock after purchasing an additional 4,630 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in CDW were worth $2,213,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CDW. Canoe Financial LP bought a new stake in shares of CDW during the 3rd quarter valued at about $37,000. Fortitude Family Office LLC boosted its stake in CDW by 350.0% during the 3rd quarter. Fortitude Family Office LLC now owns 171 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 133 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in CDW during the 3rd quarter valued at about $43,000. Covestor Ltd increased its holdings in CDW by 80.1% during the 3rd quarter. Covestor Ltd now owns 245 shares of the information technology services provider’s stock worth $55,000 after purchasing an additional 109 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new stake in shares of CDW in the second quarter worth approximately $56,000. 93.15% of the stock is owned by institutional investors.

CDW Price Performance

CDW stock opened at $194.04 on Tuesday. 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 one year low of $168.43 and a one year high of $263.37. The firm has a market capitalization of $25.86 billion, a P/E ratio of 23.72, a PEG ratio of 5.26 and a beta of 1.01. The business has a fifty day moving average price of $180.11 and a 200-day moving average price of $204.14.

CDW (NASDAQ:CDW) last posted its earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.05). CDW had a return on equity of 58.31% and a net margin of 5.33%. The firm had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the prior year, the company earned $2.60 earnings per share. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that CDW Co. will post 8.99 EPS for the current year.

CDW Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a dividend of $0.625 per share. The ex-dividend date was Monday, November 25th. This is a positive change from CDW’s previous quarterly dividend of $0.62. This represents a $2.50 annualized dividend and a yield of 1.29%. CDW’s payout ratio is presently 30.56%.

Analysts Set New Price Targets

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

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.