Best Buy Co., Inc. (BBY) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in shares of Best Buy Co., Inc. (NYSE:BBY) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,120 shares of the technology retailer’s stock after acquiring an additional 11,030 shares during the quarter. Toronto Dominion Bank’s holdings in Best Buy Co. were worth $5,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BBY. Renaissance Technologies LLC boosted its position in shares of Best Buy Co. by 762.4% during the 2nd quarter. Renaissance Technologies LLC now owns 3,528,900 shares of the technology retailer’s stock valued at $202,312,000 after acquiring an additional 3,119,700 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Best Buy Co. by 125.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,387,812 shares of the technology retailer’s stock valued at $79,563,000 after acquiring an additional 772,200 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of Best Buy Co. by 27.6% during the 3rd quarter. APG Asset Management N.V. now owns 3,340,288 shares of the technology retailer’s stock valued at $190,263,000 after acquiring an additional 723,500 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Best Buy Co. by 63.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 916,119 shares of the technology retailer’s stock valued at $52,431,000 after acquiring an additional 354,018 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Best Buy Co. by 128.2% during the 2nd quarter. Janus Henderson Group PLC now owns 585,527 shares of the technology retailer’s stock valued at $33,570,000 after acquiring an additional 328,907 shares during the last quarter. Hedge funds and other institutional investors own 87.52% of the company’s stock.

In other Best Buy Co. news, CFO Corie S. Barry sold 787 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $59.92, for a total value of $47,157.04. Following the sale, the chief financial officer now directly owns 54,159 shares of the company’s stock, valued at $3,245,207.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shari L. Ballard sold 2,246 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $59.92, for a total value of $134,580.32. The disclosure for this sale can be found here. Insiders have sold 166,259 shares of company stock worth $9,182,693 over the last 90 days. 1.21% of the stock is currently owned by corporate insiders.

Shares of Best Buy Co., Inc. (NYSE BBY) opened at $55.83 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.69 and a current ratio of 1.42. Best Buy Co., Inc. has a 1 year low of $41.67 and a 1 year high of $63.32. The firm has a market capitalization of $16,530.00, a P/E ratio of 14.82, a P/E/G ratio of 1.18 and a beta of 1.42.

Best Buy Co. (NYSE:BBY) last released its quarterly earnings results on Thursday, November 16th. The technology retailer reported $0.78 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.78. Best Buy Co. had a return on equity of 27.41% and a net margin of 3.00%. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.36 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. research analysts predict that Best Buy Co., Inc. will post 4.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.44%. Best Buy Co.’s dividend payout ratio is presently 36.07%.

A number of brokerages recently weighed in on BBY. Deutsche Bank AG decreased their price objective on Best Buy Co. from $58.00 to $56.00 and set a “hold” rating on the stock in a report on Friday. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Best Buy Co. in a report on Thursday. KeyCorp reissued a “hold” rating on shares of Best Buy Co. in a report on Friday, November 10th. Jefferies Group LLC reissued a “hold” rating and set a $60.00 price objective on shares of Best Buy Co. in a report on Wednesday, August 9th. Finally, Loop Capital set a $72.00 price objective on Best Buy Co. and gave the company a “buy” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $58.86.

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Best Buy Co. Company 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.

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

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