CDW (CDW) Stock Price, News & Analysis

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CDW in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CDW shares.
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10 Wall Street analysts have issued twelve-month price targets for CDW's shares. Their CDW share price targets range from $185.00 to $300.00. On average, they anticipate the company's share price to reach $238.90 in the next twelve months. This suggests that the stock has a possible downside of 1.0%.
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CDW's stock was trading at $227.32 at the start of the year. Since then, CDW shares have increased by 6.2% and is now trading at $241.38.
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CDW saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,030,000 shares, an increase of 14.3% from the March 15th total of 2,650,000 shares. Based on an average daily trading volume, of 696,800 shares, the short-interest ratio is presently 4.3 days. Approximately 2.3% of the company's stock are sold short.
View CDW's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our CDW earnings forecast.

CDW Co. (NASDAQ:CDW) released its quarterly earnings data on Wednesday, February, 7th. The information technology services provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.56 by $0.01. The information technology services provider had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.32 billion. CDW had a trailing twelve-month return on equity of 73.93% and a net margin of 5.17%. The business's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.40 earnings per share.
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CDW announced a quarterly dividend on Friday, February 23rd. Shareholders of record on Monday, February 26th will be given a dividend of $0.62 per share on Tuesday, March 12th. This represents a $2.48 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, February 23rd.
Read our dividend analysis for CDW.

CDW (NASDAQ:CDW) pays an annual dividend of $2.48 per share and currently has a dividend yield of 1.02%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CDW will have a dividend payout ratio of 23.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CDW.

ETFs with the largest weight of CDW (NASDAQ:CDW) stock in their portfolio include Argent Mid Cap ETF (AMID), BTD Capital Fund (DIP), ProShares S&P Technology Dividend Aristocrats ETF (TDV), First Trust NASDAQ 100 Technology Index Fund (QTEC), Invesco NASDAQ Next Gen 100 ETF (QQQJ), Invesco Zacks Mid-Cap ETF (CZA), Invesco Bloomberg MVP Multi-factor ETF (PWC) and Victoryshares Dividend Accelerator ETF (VSDA).

CDW announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 7th 2024, which authorizes the company to buyback $750,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Based on aggregate information from My MarketBeat watchlists, some companies that other CDW investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Accenture (ACN), Athabasca Oil (ATH), Intel (INTC), Zoetis (ZTS) and AutoZone (AZO).

CDW's stock is owned by a number of retail and institutional investors. Top institutional investors include Pensioenfonds Rail & OV (0.13%), Atwood & Palmer Inc. (0.12%), Gateway Investment Advisers LLC (0.09%), Portman Square Capital LLP (0.00%), Wealth Enhancement Advisory Services LLC (0.04%) and Congress Asset Management Co. MA (0.03%). Insiders that own company stock include Albert Joseph Miralles Jr, Christina M Corley, Christina M Corley, Christine A Leahy, Donna F Zarcone and Frederick J Kulevich.
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Shares of CDW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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