10,962 Shares in Companhia Brasileira de Distribuicao (CBD) Purchased by First Trust Advisors LP

First Trust Advisors LP acquired a new position in Companhia Brasileira de Distribuicao (NYSE:CBD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,962 shares of the company’s stock, valued at approximately $259,000.

A number of other hedge funds have also recently made changes to their positions in CBD. FNY Partners Fund LP grew its position in shares of Companhia Brasileira de Distribuicao by 8,900.0% during the 2nd quarter. FNY Partners Fund LP now owns 9,000 shares of the company’s stock worth $175,000 after buying an additional 8,900 shares during the period. NGAM Advisors L.P. acquired a new position in shares of Companhia Brasileira de Distribuicao during the 2nd quarter worth about $201,000. JPMorgan Chase & Co. acquired a new position in shares of Companhia Brasileira de Distribuicao during the 2nd quarter worth about $204,000. First Allied Advisory Services Inc. grew its position in shares of Companhia Brasileira de Distribuicao by 0.5% during the 2nd quarter. First Allied Advisory Services Inc. now owns 11,305 shares of the company’s stock worth $218,000 after buying an additional 58 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Companhia Brasileira de Distribuicao during the 2nd quarter worth about $231,000. Hedge funds and other institutional investors own 3.33% of the company’s stock.

Companhia Brasileira de Distribuicao (CBD) opened at $22.66 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.18 and a quick ratio of 0.98. Companhia Brasileira de Distribuicao has a 12-month low of $14.83 and a 12-month high of $25.90. The stock has a market capitalization of $5,992.59, a P/E ratio of 24.47, a P/E/G ratio of 1.30 and a beta of 1.84.

The firm also recently disclosed a special dividend, which will be paid on Friday, December 22nd. Investors of record on Monday, December 11th will be given a $0.0968 dividend. 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. Companhia Brasileira de Distribuicao’s payout ratio is currently 106.45%.

Several equities analysts have recently issued reports on the company. UBS upgraded Companhia Brasileira de Distribuicao from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 21st. 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, Zacks Investment Research upgraded Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $28.00.

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Companhia Brasileira de Distribuicao 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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