OLD Mission Capital LLC bought a new position in shares of Best Buy Co Inc (NYSE:BBY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,652 shares of the technology retailer’s stock, valued at approximately $250,000.
Other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in shares of Best Buy by 61.0% in the 4th quarter. Renaissance Technologies LLC now owns 3,379,200 shares of the technology retailer’s stock worth $231,374,000 after purchasing an additional 1,280,600 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Best Buy in the 4th quarter worth about $86,840,000. Bank of New York Mellon Corp boosted its holdings in shares of Best Buy by 31.5% in the 4th quarter. Bank of New York Mellon Corp now owns 5,279,548 shares of the technology retailer’s stock worth $361,491,000 after purchasing an additional 1,264,528 shares in the last quarter. Capital Growth Management LP purchased a new position in shares of Best Buy in the 4th quarter worth about $50,668,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Best Buy by 6,630.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 645,175 shares of the technology retailer’s stock worth $44,175,000 after purchasing an additional 635,589 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.
In other news, Director Gerard R. Vittecoq sold 23,684 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $74.12, for a total value of $1,755,458.08. Following the completion of the transaction, the director now owns 40,128 shares of the company’s stock, valued at approximately $2,974,287.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Corie S. Barry sold 399 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $72.45, for a total value of $28,907.55. Following the completion of the transaction, the chief financial officer now directly owns 81,206 shares of the company’s stock, valued at approximately $5,883,374.70. The disclosure for this sale can be found here. Insiders sold a total of 39,791 shares of company stock valued at $2,927,123 in the last three months. Corporate insiders own 0.84% of the company’s stock.
Best Buy stock opened at $69.73 on Monday. The company has a market capitalization of $20,383.93, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 0.96 and a beta of 1.09. The company has a current ratio of 1.26, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22. Best Buy Co Inc has a 52-week low of $43.72 and a 52-week high of $78.59.
Best Buy (NYSE:BBY) last released its quarterly earnings results on Thursday, March 1st. The technology retailer reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.37. Best Buy had a return on equity of 32.68% and a net margin of 2.37%. The business had revenue of $15.36 billion during the quarter, compared to analyst estimates of $14.52 billion. During the same quarter in the prior year, the company posted $1.93 EPS. Best Buy’s quarterly revenue was up 14.0% compared to the same quarter last year. equities research analysts forecast that Best Buy Co Inc will post 4.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 22nd will be given a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $1.80 annualized dividend and a dividend yield of 2.58%. This is a positive change from Best Buy’s previous quarterly dividend of $0.34. Best Buy’s dividend payout ratio is currently 41.46%.
Best Buy 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.
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