Todays Report: Today, Hexavest Inc. Reduces stake in Companhia Brasileira de Distribuicao (CBD)

Today, Hexavest Inc. Reduces stake in Companhia Brasileira de Distribuicao (CBD)

Hexavest Inc. decreased its stake in Companhia Brasileira de Distribuicao (NYSE:CBD) by 1.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 46,947 shares of the company’s stock after selling 902 shares during the period. Hexavest Inc.’s holdings in Companhia Brasileira de Distribuicao were worth $769,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CBD. World Asset Management Inc acquired a new position in Companhia Brasileira de Distribuicao during the second quarter valued at about $150,000. Profund Advisors LLC acquired a new position in Companhia Brasileira de Distribuicao during the second quarter valued at about $154,000. CIBC World Markets Inc. acquired a new position in Companhia Brasileira de Distribuicao during the second quarter valued at about $167,000. Ameriprise Financial Inc. boosted its position in Companhia Brasileira de Distribuicao by 12.6% in the second quarter. Ameriprise Financial Inc. now owns 16,361 shares of the company’s stock valued at $238,000 after buying an additional 1,830 shares during the last quarter. Finally, Global X Management Co. LLC boosted its position in Companhia Brasileira de Distribuicao by 25.6% in the second quarter. Global X Management Co. LLC now owns 18,094 shares of the company’s stock valued at $263,000 after buying an additional 3,690 shares during the last quarter. Institutional investors own 5.37% of the company’s stock.

Companhia Brasileira de Distribuicao (NYSE:CBD) traded up 1.81% during midday trading on Friday, hitting $16.32. The company had a trading volume of 232,790 shares. The company’s 50 day moving average is $17.38 and its 200 day moving average is $15.41. The stock’s market cap is $4.33 billion. Companhia Brasileira de Distribuicao has a 12-month low of $8.00 and a 12-month high of $19.50.

Separately, HSBC upgraded Companhia Brasileira de Distribuicao from a “reduce” rating to a “hold” rating in a report on Thursday, November 3rd.

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. The Company’s operating segments include Retail segment, Cash and carry segment, Home appliances segment and E-commerce segment.

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