Best Buy Co., Inc. (NYSE:BBY) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in Best Buy Co., Inc. (NYSE:BBY - Free Report) by 6.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 318,126 shares of the technology retailer's stock after selling 20,915 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.15% of Best Buy worth $23,417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Best Buy by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 22,982,608 shares of the technology retailer's stock worth $1,971,908,000 after buying an additional 191,161 shares during the period. Geode Capital Management LLC lifted its stake in Best Buy by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 5,092,820 shares of the technology retailer's stock worth $436,210,000 after acquiring an additional 239,840 shares during the period. Invesco Ltd. lifted its stake in Best Buy by 20.5% in the fourth quarter. Invesco Ltd. now owns 3,692,118 shares of the technology retailer's stock worth $316,784,000 after acquiring an additional 629,180 shares during the period. Dimensional Fund Advisors LP raised its holdings in Best Buy by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,157,432 shares of the technology retailer's stock worth $270,910,000 after purchasing an additional 146,267 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Best Buy by 31.3% in the fourth quarter. Northern Trust Corp now owns 2,942,832 shares of the technology retailer's stock worth $252,495,000 after purchasing an additional 701,287 shares in the last quarter. 80.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Richard M. Schulze sold 729,201 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $72.95, for a total transaction of $53,195,212.95. Following the transaction, the chairman owned 196,100 shares in the company, valued at $14,305,495. This trade represents a 78.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BBY has been the topic of several recent analyst reports. DA Davidson restated a "buy" rating and set a $110.00 price objective on shares of Best Buy in a report on Monday, April 14th. Guggenheim restated a "buy" rating and set a $90.00 price objective on shares of Best Buy in a report on Tuesday, June 10th. UBS Group cut their price objective on shares of Best Buy from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Telsey Advisory Group restated an "outperform" rating and set a $90.00 price objective on shares of Best Buy in a report on Friday, May 30th. Finally, Wedbush dropped their target price on Best Buy from $75.00 to $70.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $85.72.

Best Buy Stock Performance

Best Buy stock traded up $0.10 during mid-day trading on Friday, hitting $67.39. The company had a trading volume of 2,553,408 shares, compared to its average volume of 3,523,930. The company has a current ratio of 1.02, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. Best Buy Co., Inc. has a 12-month low of $54.99 and a 12-month high of $103.71. The company's fifty day moving average is $69.82 and its 200-day moving average is $73.95. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.78 and a beta of 1.24.

Best Buy (NYSE:BBY - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology retailer reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.06. Best Buy had a return on equity of 46.40% and a net margin of 2.13%. The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.77 billion. During the same quarter last year, the firm posted $1.20 EPS. The business's revenue was down .9% on a year-over-year basis. Equities research analysts predict that Best Buy Co., Inc. will post 6.18 EPS for the current year.

Best Buy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 19th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 5.64%. Best Buy's dividend payout ratio (DPR) is 92.91%.

About Best Buy

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.