BT Investment Management Ltd increased its position in Companhia Brasileira de Distribuicao (NYSE:CBD) by 8.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,130,474 shares of the company’s stock after acquiring an additional 91,161 shares during the quarter. BT Investment Management Ltd’s holdings in Companhia Brasileira de Distribuicao were worth $26,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Allied Advisory Services Inc. lifted its position in Companhia Brasileira de Distribuicao by 0.5% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in Companhia Brasileira de Distribuicao by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 298,082 shares of the company’s stock valued at $5,830,000 after purchasing an additional 3,279 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in Companhia Brasileira de Distribuicao by 16.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 25,393 shares of the company’s stock valued at $496,000 after purchasing an additional 3,557 shares in the last quarter. Wells Fargo & Company MN lifted its position in Companhia Brasileira de Distribuicao by 1,184.5% during the third quarter. Wells Fargo & Company MN now owns 4,817 shares of the company’s stock valued at $114,000 after purchasing an additional 4,442 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Companhia Brasileira de Distribuicao by 0.4% during the fourth quarter. Fisher Asset Management LLC now owns 1,163,708 shares of the company’s stock valued at $27,429,000 after purchasing an additional 4,475 shares in the last quarter. Institutional investors own 3.29% of the company’s stock.

Several research firms recently weighed in on CBD. Zacks Investment Research upgraded Companhia Brasileira de Distribuicao from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Credit Suisse Group upgraded Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 7th. Finally, UBS Group upgraded Companhia Brasileira de Distribuicao from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 21st. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $28.00.

Companhia Brasileira de Distribuicao (NYSE CBD) opened at $22.30 on Wednesday. The firm has a market capitalization of $5,686.44, a price-to-earnings ratio of 23.22, a P/E/G ratio of 0.93 and a beta of 1.75. The company has a current ratio of 1.18, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. Companhia Brasileira de Distribuicao has a 52-week low of $16.93 and a 52-week high of $25.90.

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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.

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

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