Aperio Group LLC lifted its position in Best Buy Co., Inc. (NYSE:BBY) by 23.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 203,584 shares of the technology retailer’s stock after purchasing an additional 38,101 shares during the quarter. Aperio Group LLC owned approximately 0.07% of Best Buy Co. worth $11,596,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BBY. FNY Managed Accounts LLC boosted its position in shares of Best Buy Co. by 18,281.8% in the 2nd quarter. FNY Managed Accounts LLC now owns 2,000 shares of the technology retailer’s stock valued at $114,000 after purchasing an additional 2,011 shares during the period. Huntington National Bank boosted its position in shares of Best Buy Co. by 18.4% in the 2nd quarter. Huntington National Bank now owns 2,050 shares of the technology retailer’s stock valued at $118,000 after purchasing an additional 318 shares during the period. Exane Derivatives boosted its position in shares of Best Buy Co. by 65.5% in the 2nd quarter. Exane Derivatives now owns 2,553 shares of the technology retailer’s stock valued at $146,000 after purchasing an additional 1,010 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Best Buy Co. by 6.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,774 shares of the technology retailer’s stock valued at $159,000 after purchasing an additional 163 shares during the period. Finally, Keybank National Association OH acquired a new stake in shares of Best Buy Co. in the 2nd quarter valued at about $200,000. 88.31% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Best Buy Co., Inc. (BBY) Shares Bought by Aperio Group LLC” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://theolympiareport.com/2017/11/02/best-buy-co-inc-bby-shares-bought-by-aperio-group-llc.html.

In other Best Buy Co. news, VP Mathew Watson sold 1,129 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $54.68, for a total value of $61,733.72. Following the completion of the sale, the vice president now directly owns 17,764 shares in the company, valued at $971,335.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Corie S. Barry sold 3,134 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $57.26, for a total value of $179,452.84. The disclosure for this sale can be found here. Insiders sold 166,259 shares of company stock valued at $9,182,693 over the last 90 days. 1.21% of the stock is currently owned by insiders.

A number of brokerages recently issued reports on BBY. Deutsche Bank AG reissued a “buy” rating and issued a $60.00 target price on shares of Best Buy Co. in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $60.00 target price on shares of Best Buy Co. in a research report on Wednesday, August 9th. Loop Capital reaffirmed a “buy” rating and set a $72.00 price objective on shares of Best Buy Co. in a research report on Wednesday, August 16th. Zacks Investment Research cut Best Buy Co. from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Best Buy Co. in a research report on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $58.97.

Best Buy Co. (NYSE:BBY) last released its earnings results on Tuesday, August 29th. The technology retailer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.67 billion. Best Buy Co. had a return on equity of 27.41% and a net margin of 3.00%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 19th were given a $0.34 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $1.36 dividend on an annualized basis and a yield of 2.43%. Best Buy Co.’s dividend payout ratio (DPR) is 35.88%.

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)

Receive News & Ratings for Best Buy Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Best Buy Co. Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.