Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Companhia Brasileira de Distribuicao (NYSE:CBD) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,555 shares of the company’s stock, valued at approximately $250,000.

A number of other large investors also recently made changes to their positions in CBD. Vanguard Group Inc. boosted its stake in Companhia Brasileira de Distribuicao by 3.9% in the first quarter. Vanguard Group Inc. now owns 1,641,906 shares of the company’s stock worth $31,525,000 after purchasing an additional 62,050 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Companhia Brasileira de Distribuicao in the first quarter worth $1,670,000. Bank of Montreal Can acquired a new position in Companhia Brasileira de Distribuicao in the second quarter worth $2,705,000. NGAM Advisors L.P. acquired a new position in Companhia Brasileira de Distribuicao in the second quarter worth $201,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Companhia Brasileira de Distribuicao by 138.8% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,819 shares of the company’s stock worth $241,000 after purchasing an additional 7,450 shares in the last quarter. Hedge funds and other institutional investors own 3.33% of the company’s stock.

Companhia Brasileira de Distribuicao (NYSE CBD) opened at $23.10 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 1.18. Companhia Brasileira de Distribuicao has a one year low of $14.73 and a one year high of $25.90. The stock has a market capitalization of $5,979.28, a price-to-earnings ratio of 24.41, a PEG ratio of 1.30 and a beta of 1.84.

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

A number of equities analysts have commented on the company. UBS raised Companhia Brasileira de Distribuicao from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 21st. Credit Suisse Group raised Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research raised Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Companhia Brasileira de Distribuicao currently has a consensus rating of “Buy” and an average target price of $28.00.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.watchlistnews.com/zurcher-kantonalbank-zurich-cantonalbank-purchases-shares-of-10555-companhia-brasileira-de-distribuicao-cbd/1749320.html.

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)

Receive News & Ratings for Companhia Brasileira de Distribuicao Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Brasileira de Distribuicao and related companies with Analyst Ratings Network's FREE daily email newsletter.