Russell Investments Group Ltd. Increases Holdings in Companhia Brasileira de Distribuicao (NYSE:CBD)

Russell Investments Group Ltd. grew its position in Companhia Brasileira de Distribuicao (NYSE:CBD) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 900,598 shares of the company’s stock after acquiring an additional 93,513 shares during the period. Russell Investments Group Ltd. owned about 0.34% of Companhia Brasileira de Distribuicao worth $21,318,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. FNY Partners Fund LP lifted its stake in shares of Companhia Brasileira de Distribuicao by 8,900.0% in the second quarter. FNY Partners Fund LP now owns 9,000 shares of the company’s stock valued at $175,000 after purchasing an additional 8,900 shares during the period. NGAM Advisors L.P. acquired a new stake in shares of Companhia Brasileira de Distribuicao in the second quarter valued at about $201,000. JPMorgan Chase & Co. acquired a new stake in shares of Companhia Brasileira de Distribuicao in the second quarter valued at about $204,000. Comerica Bank acquired a new stake in shares of Companhia Brasileira de Distribuicao in the third quarter valued at about $209,000. Finally, First Allied Advisory Services Inc. lifted its stake in shares of Companhia Brasileira de Distribuicao by 0.5% in the second quarter. First Allied Advisory Services Inc. now owns 11,305 shares of the company’s stock valued at $218,000 after purchasing an additional 58 shares during the period. 3.33% of the stock is currently owned by institutional investors and hedge funds.

Companhia Brasileira de Distribuicao (NYSE CBD) opened at $22.46 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. The stock has a market cap of $5,944.67, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.29 and a beta of 1.84. Companhia Brasileira de Distribuicao has a 52-week low of $14.41 and a 52-week high of $25.90.

The firm also recently announced a special dividend, which will be paid on Friday, December 22nd. Shareholders of record on Monday, December 11th will be given a dividend of $0.0968 per share. The ex-dividend date is Friday, December 8th. This is a boost from Companhia Brasileira de Distribuicao’s previous special dividend of $0.06.

Several analysts recently commented on CBD shares. Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Tuesday, September 26th. UBS upgraded shares of Companhia Brasileira de Distribuicao from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 21st. Finally, Credit Suisse Group upgraded shares of Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $28.00.

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Companhia Brasileira de Distribuicao Company Profile

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.

Institutional Ownership by Quarter for Companhia Brasileira de Distribuicao (NYSE:CBD)

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