Best Buy Co., Inc. (BBY) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Best Buy Co., Inc. (NYSE:BBY) by 9.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 21,577 shares of the technology retailer’s stock after acquiring an additional 1,866 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Best Buy were worth $1,229,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Best Buy by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,828,752 shares of the technology retailer’s stock valued at $276,833,000 after buying an additional 154,426 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Best Buy by 27.5% in the third quarter. Bank of New York Mellon Corp now owns 4,015,020 shares of the technology retailer’s stock valued at $228,696,000 after buying an additional 866,787 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Best Buy by 762.4% in the second quarter. Renaissance Technologies LLC now owns 3,528,900 shares of the technology retailer’s stock valued at $202,312,000 after buying an additional 3,119,700 shares during the last quarter. APG Asset Management N.V. raised its position in shares of Best Buy by 27.6% in the third quarter. APG Asset Management N.V. now owns 3,340,288 shares of the technology retailer’s stock valued at $190,263,000 after buying an additional 723,500 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Best Buy by 3.5% in the second quarter. LSV Asset Management now owns 2,015,293 shares of the technology retailer’s stock valued at $115,536,000 after buying an additional 69,000 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Shares of Best Buy Co., Inc. (NYSE:BBY) opened at $62.55 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.52. Best Buy Co., Inc. has a 1-year low of $41.67 and a 1-year high of $63.32. The stock has a market cap of $17,641.90, a PE ratio of 15.01, a P/E/G ratio of 1.25 and a beta of 1.40.

Best Buy (NYSE:BBY) last announced its quarterly earnings data on Thursday, November 16th. The technology retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.78. Best Buy had a net margin of 3.09% and a return on equity of 28.46%. The firm had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.36 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Best Buy’s quarterly revenue was up 4.2% on a year-over-year basis. research analysts expect that Best Buy Co., Inc. will post 4.03 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Wednesday, December 6th. Best Buy’s dividend payout ratio is currently 34.34%.

A number of brokerages have recently commented on BBY. Moffett Nathanson began coverage on shares of Best Buy in a research report on Monday. They issued a “sell” rating for the company. Wedbush set a $32.00 target price on shares of Best Buy and gave the company a “sell” rating in a research report on Wednesday, November 29th. Deutsche Bank set a $56.00 target price on shares of Best Buy and gave the company a “hold” rating in a research report on Friday, November 17th. Loop Capital set a $72.00 target price on shares of Best Buy and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, Oppenheimer reiterated a “hold” rating on shares of Best Buy in a research report on Thursday, November 16th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $58.81.

In other Best Buy news, insider Shari L. Ballard sold 40,018 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $56.18, for a total transaction of $2,248,211.24. Following the completion of the transaction, the insider now owns 99,304 shares of the company’s stock, valued at $5,578,898.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Corie S. Barry sold 3,134 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $57.26, for a total transaction of $179,452.84. The disclosure for this sale can be found here. Insiders sold 1,098,184 shares of company stock valued at $64,306,062 in the last three months. 0.84% of the stock is currently owned by insiders.

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Best Buy Profile

Best Buy Co, Inc is a provider of technology products, services and solutions. The Company offers products and services to the customers visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. It has operations in the United States, Canada and Mexico. The Company operates through two segments: Domestic and International.

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Institutional Ownership by Quarter for Best Buy (NYSE:BBY)

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