Morgan Stanley boosted its holdings in Companhia Brasileira de Distribuição (NYSE:CBD) by 65.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 500,687 shares of the company’s stock after buying an additional 198,945 shares during the quarter. Morgan Stanley owned approximately 0.19% of Companhia Brasileira de Distribuição worth $6,179,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Nuveen Asset Management LLC purchased a new position in Companhia Brasileira de Distribuição in the second quarter valued at $142,000. Royal London Asset Management Ltd. increased its holdings in Companhia Brasileira de Distribuição by 40.0% in the third quarter. Royal London Asset Management Ltd. now owns 15,459 shares of the company’s stock valued at $192,000 after buying an additional 4,419 shares during the last quarter. CWM Advisors LLC increased its holdings in Companhia Brasileira de Distribuição by 2,602.8% in the second quarter. CWM Advisors LLC now owns 27,217 shares of the company’s stock valued at $356,000 after buying an additional 26,210 shares during the last quarter. Jane Street Group LLC purchased a new position in Companhia Brasileira de Distribuição in the second quarter valued at $452,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in Companhia Brasileira de Distribuição by 10.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 44,621 shares of the company’s stock valued at $551,000 after buying an additional 4,169 shares during the last quarter. 6.68% of the stock is currently owned by hedge funds and other institutional investors.
CBD has been the topic of several research reports. Zacks Investment Research lowered Companhia Brasileira de Distribuição from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Friday, September 18th. BidaskClub raised Companhia Brasileira de Distribuição from a “sell” rating to a “hold” rating in a report on Tuesday, December 15th.
Shares of CBD stock opened at $14.40 on Wednesday. The stock’s 50-day moving average is $13.52 and its two-hundred day moving average is $12.85. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 0.85 and a beta of 1.05. Companhia Brasileira de Distribuição has a 1 year low of $9.39 and a 1 year high of $22.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.91.
Companhia Brasileira de Distribuição (NYSE:CBD) last announced its earnings results on Wednesday, October 28th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Companhia Brasileira de Distribuição had a return on equity of 3.36% and a net margin of 0.68%. The business had revenue of $3.96 billion for the quarter. As a group, research analysts predict that Companhia Brasileira de Distribuição will post 0.78 EPS for the current year.
About Companhia Brasileira de Distribuição
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores in Brazil. The company operates in Food Retail, and Cash and Carry segments. The Food Retail segment sells non-perishables, beverages, fruits, vegetables, meat, breads, cold cuts, dairy products, cleaning products, disposable products, and personal care products; and home appliances and other non-food products, such as clothing and baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, toys, sports and camping gears, furniture, mobile phones, mattresses, pet products, and gardening equipment and tools, as well as electronic products, including personal computers, software, computer accessories, and sound and image systems.
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