Best Buy Co Inc (BBY) Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp cut its holdings in Best Buy Co Inc (NYSE:BBY) by 69.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,196 shares of the technology retailer’s stock after selling 63,660 shares during the period. Dupont Capital Management Corp’s holdings in Best Buy were worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Best Buy by 232.8% in the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,030 shares of the technology retailer’s stock worth $139,000 after acquiring an additional 1,420 shares in the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of Best Buy in the 3rd quarter worth about $139,000. Harbour Capital Advisors LLC bought a new position in shares of Best Buy in the 4th quarter worth about $205,000. Smithfield Trust Co. bought a new position in shares of Best Buy in the 3rd quarter worth about $178,000. Finally, Dalton Greiner Hartman Maher & Co. bought a new position in shares of Best Buy in the 4th quarter worth about $231,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

In other news, major shareholder Richard M. Schulze sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $65.19, for a total value of $4,889,250.00. Following the transaction, the insider now owns 1,732,500 shares in the company, valued at approximately $112,941,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Richard M. Schulze sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $66.83, for a total value of $16,707,500.00. Following the completion of the transaction, the insider now owns 1,732,500 shares in the company, valued at approximately $115,782,975. The disclosure for this sale can be found here. Insiders have sold a total of 3,134,253 shares of company stock valued at $191,063,125 in the last quarter. Company insiders own 0.84% of the company’s stock.

BBY has been the subject of several research analyst reports. Loop Capital set a $72.00 price objective on Best Buy and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research downgraded Best Buy from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Wedbush set a $38.00 target price on Best Buy and gave the company a “sell” rating in a research note on Monday, January 8th. Moffett Nathanson initiated coverage on Best Buy in a research note on Monday, December 4th. They issued a “sell” rating for the company. Finally, Jefferies Group restated a “hold” rating and issued a $60.00 target price on shares of Best Buy in a research note on Monday, November 13th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.97.

Best Buy Co Inc (BBY) opened at $68.02 on Tuesday. The stock has a market capitalization of $20,825.34, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.15 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52 and a current ratio of 1.25. Best Buy Co Inc has a 12 month low of $41.67 and a 12 month high of $78.59.

Best Buy (NYSE:BBY) last released its quarterly earnings results on Thursday, November 16th. The technology retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. The business had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.36 billion. Best Buy had a return on equity of 28.46% and a net margin of 3.09%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. equities research analysts expect that Best Buy Co Inc will post 4.04 earnings per share for the current fiscal year.

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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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