Fisher Asset Management LLC Maintains Stake in Companhia Brasileira de Distribuicao (CBD)

Fisher Asset Management LLC held its position in shares of Companhia Brasileira de Distribuicao (NYSE:CBD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,285,083 shares of the company’s stock at the end of the second quarter. Fisher Asset Management LLC owned about 0.48% of Companhia Brasileira de Distribuicao worth $25,123,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of Companhia Brasileira de Distribuicao during the second quarter valued at $2,705,000. Boston Common Asset Management LLC boosted its position in shares of 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 in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Companhia Brasileira de Distribuicao by 581.3% in the first quarter. Goldman Sachs Group Inc. now owns 116,802 shares of the company’s stock valued at $2,243,000 after buying an additional 99,658 shares in the last quarter. INCA Investments LLC boosted its position in shares of Companhia Brasileira de Distribuicao by 5.8% in the first quarter. INCA Investments LLC now owns 1,614,500 shares of the company’s stock valued at $30,998,000 after buying an additional 88,934 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of Companhia Brasileira de Distribuicao by 1.4% in the first quarter. Macquarie Group Ltd. now owns 2,562,437 shares of the company’s stock valued at $49,201,000 after buying an additional 34,952 shares during the last quarter. Institutional investors own 3.18% of the company’s stock.

Shares of Companhia Brasileira de Distribuicao (NYSE CBD) traded down 0.92% during mid-day trading on Friday, hitting $22.70. The stock had a trading volume of 570,986 shares. The stock has a 50 day moving average price of $21.25 and a 200-day moving average price of $20.21. The company has a market cap of $6.04 billion, a PE ratio of 140.99 and a beta of 1.85. Companhia Brasileira de Distribuicao has a 52-week low of $14.08 and a 52-week high of $24.75.

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Several analysts have commented on the company. Zacks Investment Research lowered Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Companhia Brasileira de Distribuicao presently has an average rating of “Buy” and an average price target of $23.00.

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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