Captrust Financial Advisors boosted its holdings in Best Buy Co Inc (NYSE:BBY) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,052 shares of the technology retailer’s stock after buying an additional 2,256 shares during the period. Captrust Financial Advisors’ holdings in Best Buy were worth $1,441,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Paloma Partners Management Co grew its stake in Best Buy by 33.3% in the 4th quarter. Paloma Partners Management Co now owns 43,238 shares of the technology retailer’s stock valued at $2,960,000 after buying an additional 10,800 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in Best Buy by 2.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 277,545 shares of the technology retailer’s stock valued at $19,003,000 after buying an additional 5,650 shares in the last quarter. California State Teachers Retirement System grew its stake in Best Buy by 5.6% in the 4th quarter. California State Teachers Retirement System now owns 501,056 shares of the technology retailer’s stock valued at $34,307,000 after buying an additional 26,401 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in Best Buy in the 4th quarter valued at approximately $10,138,000. Finally, Guggenheim Capital LLC grew its stake in Best Buy by 30.5% in the 4th quarter. Guggenheim Capital LLC now owns 764,550 shares of the technology retailer’s stock valued at $52,350,000 after buying an additional 178,774 shares in the last quarter. Institutional investors and hedge funds own 85.73% of the company’s stock.
In related news, major shareholder Richard M. Schulze sold 75,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $65.19, for a total value of $4,889,250.00. Following the completion of the transaction, the insider now directly owns 1,732,500 shares in the company, valued at $112,941,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Richard M. Schulze sold 200,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $64.14, for a total transaction of $12,828,000.00. Following the completion of the transaction, the insider now owns 1,732,500 shares of the company’s stock, valued at $111,122,550. The disclosure for this sale can be found here. Insiders sold 549,674 shares of company stock valued at $36,256,646 over the last quarter. 0.84% of the stock is owned by company insiders.
Best Buy Co Inc (NYSE BBY) opened at $72.05 on Tuesday. Best Buy Co Inc has a 1 year low of $43.72 and a 1 year high of $78.59. The stock has a market cap of $21,579.54, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.02 and a beta of 1.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 0.59.
Best Buy (NYSE:BBY) last announced its earnings results on Thursday, March 1st. The technology retailer reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.37. Best Buy had a net margin of 2.37% and a return on equity of 32.68%. The company had revenue of $15.36 billion during the quarter, compared to analyst estimates of $14.52 billion. During the same period in the previous year, the business earned $1.93 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. analysts predict that Best Buy Co Inc will post 4.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors 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 is a positive change from Best Buy’s previous quarterly dividend of $0.34. This represents a $1.80 annualized dividend and a yield of 2.50%. Best Buy’s payout ratio is 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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