INCA Investments LLC raised its stake in shares of Companhia Brasileira de Distribuicao (NYSE:CBD) by 16.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,878,300 shares of the company’s stock after buying an additional 263,800 shares during the period. Companhia Brasileira de Distribuicao makes up about 8.6% of INCA Investments LLC’s holdings, making the stock its 7th largest position. INCA Investments LLC’s holdings in Companhia Brasileira de Distribuicao were worth $36,721,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of Companhia Brasileira de Distribuicao by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 408,674 shares of the company’s stock valued at $6,770,000 after buying an additional 79,499 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Companhia Brasileira de Distribuicao during the first quarter valued at approximately $382,000. Duff & Phelps Investment Management Co. raised its stake in shares of Companhia Brasileira de Distribuicao by 2.0% in the first quarter. Duff & Phelps Investment Management Co. now owns 310,787 shares of the company’s stock valued at $5,965,000 after buying an additional 6,170 shares during the last quarter. Profund Advisors LLC raised its stake in shares of Companhia Brasileira de Distribuicao by 99.6% in the first quarter. Profund Advisors LLC now owns 25,929 shares of the company’s stock valued at $498,000 after buying an additional 12,941 shares during the last quarter. Finally, World Asset Management Inc raised its stake in shares of Companhia Brasileira de Distribuicao by 0.9% in the first quarter. World Asset Management Inc now owns 10,309 shares of the company’s stock valued at $198,000 after buying an additional 88 shares during the last quarter. Institutional investors own 3.18% of the company’s stock.

Companhia Brasileira de Distribuicao (CBD) opened at 22.70 on Friday. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 140.99 and a beta of 1.85. Companhia Brasileira de Distribuicao has a one year low of $14.08 and a one year high of $24.75. The firm has a 50-day moving average price of $21.35 and a 200 day moving average price of $20.24.

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CBD has been the topic of several recent research reports. Zacks Investment Research upgraded Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, June 13th. BidaskClub lowered Companhia Brasileira de Distribuicao from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given 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 $23.00.

About Companhia Brasileira de Distribuicao

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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