Wetherby Asset Management Inc. cut its stake in shares of Companhia Brasileira de Distribuicao (NYSE:CBD) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,191 shares of the company’s stock after selling 276 shares during the period. Wetherby Asset Management Inc.’s holdings in Companhia Brasileira de Distribuicao were worth $199,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. NGAM Advisors L.P. acquired a new stake in Companhia Brasileira de Distribuicao during the second quarter valued at $201,000. World Asset Management Inc boosted its stake in Companhia Brasileira de Distribuicao by 0.9% in the first quarter. World Asset Management Inc now owns 10,309 shares of the company’s stock valued at $198,000 after buying an additional 88 shares during the last quarter. Mizuho Securities USA LLC acquired a new stake in Companhia Brasileira de Distribuicao during the second quarter valued at $311,000. Boston Common Asset Management LLC boosted its stake in Companhia Brasileira de Distribuicao by 0.4% in the first quarter. Boston Common Asset Management LLC now owns 16,050 shares of the company’s stock valued at $308,000 after buying an additional 70 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Companhia Brasileira de Distribuicao during the first quarter valued at $382,000. 3.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Companhia Brasileira de Distribuicao (NYSE CBD) opened at 23.26 on Friday. The stock has a market cap of $6.19 billion, a PE ratio of 145.38 and a beta of 1.85. Companhia Brasileira de Distribuicao has a 12-month low of $14.08 and a 12-month high of $24.75. The firm has a 50 day moving average price of $21.89 and a 200 day moving average price of $20.39.
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Several research firms have weighed in on CBD. BidaskClub raised Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Zacks Investment Research cut Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $23.00.
About Companhia Brasileira de Distribuicao
Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.
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