$0.45 just might be within reach for Best Buy Co Inc (NYSE:BBY) shareholder.

June 12, 2018 - By Hazel Jackson

Best Buy Co., Inc. (NYSE:BBY) LogoInvestors sentiment decreased to 0.84 in Q1 2018. Its down 0.02, from 0.86 in 2017Q4. It worsened, as 44 investors sold Best Buy Co., Inc. shares while 202 reduced holdings. 70 funds opened positions while 136 raised stakes. 234.44 million shares or 0.36% more from 233.61 million shares in 2017Q4 were reported.
Comm Commercial Bank accumulated 0% or 4,450 shares. Fuller Thaler Asset has invested 0% in Best Buy Co., Inc. (NYSE:BBY). The Quebec – Canada-based Caisse De Depot Et Placement Du Quebec has invested 0.01% in Best Buy Co., Inc. (NYSE:BBY). Employees Retirement System Of Ohio invested in 0.05% or 138,664 shares. Commonwealth National Bank & Trust Of Australia has invested 0.07% in Best Buy Co., Inc. (NYSE:BBY). Jane Street Gru Ltd Llc holds 0% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 23,033 shares. Hsbc Public Ltd Com reported 267,214 shares stake. Swiss Natl Bank has invested 0.07% in Best Buy Co., Inc. (NYSE:BBY). 327,472 were accumulated by Wellington Mngmt Gp Llp. First Citizens National Bank Company has 0.34% invested in Best Buy Co., Inc. (NYSE:BBY). The New York-based Qs Invsts Ltd Company has invested 0.01% in Best Buy Co., Inc. (NYSE:BBY). Envestnet Asset stated it has 0% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Ameritas Investment Ptnrs Inc invested in 0.02% or 5,259 shares. Massachusetts Finance Services Ma accumulated 3.07M shares. Brown Advisory Secs Limited Liability reported 7,193 shares or 0.09% of all its holdings.

Since December 15, 2017, it had 0 insider purchases, and 32 sales for $41.43 million activity. Ballard Shari L sold $1.91M worth of Best Buy Co., Inc. (NYSE:BBY) on Thursday, March 15. $76,438 worth of Best Buy Co., Inc. (NYSE:BBY) was sold by Watson Mathew. Shares for $172,786 were sold by Barry Corie S on Wednesday, March 14. The insider MOHAN RAJENDRA M sold $297,775. Shares for $4.89M were sold by SCHULZE RICHARD M on Friday, December 15. $1.76M worth of Best Buy Co., Inc. (NYSE:BBY) was sold by VITTECOQ GERARD R on Friday, March 2.

Best Buy Co Inc (NYSE:BBY) is expected to pay $0.45 on Jul 5, 2018. Shareholders owning the stock before Jun 13, 2018 will be eligible to receive the payout. Based on Best Buy Co Inc’s current price of $73.64, the dividend is 0.61 %. This dividend’s record date is Jun 14, 2018 and the announcement date is May 25, 2018. The stock increased 1.84% or $1.33 during the last trading session, reaching $73.64. About 4.00M shares traded or 14.02% up from the average. Best Buy Co., Inc. (NYSE:BBY) has risen 11.76% since June 12, 2017 and is uptrending. It has underperformed by 0.81% the S&P500.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company has market cap of $20.57 billion. The firm operates through two reportable divisions, Domestic and International. It has a 21.67 P/E ratio. The Company’s stores provide consumer electronics, such as home theater, home automation, digital imaging, health and fitness, and portable audio products; computing and mobile phones, including computing and peripherals, networking, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, such as gaming hardware and software, movie, music, technology toy, and other software products.

Best Buy Co., Inc. (NYSE:BBY) Ratings Coverage

Among 13 analysts covering Best Buy Co (NYSE:BBY), 3 have Buy rating, 1 Sell and 9 Hold. Therefore 23% are positive. Best Buy Co had 15 analyst reports since January 25, 2018 according to SRatingsIntel. On Friday, March 2 the stock rating was maintained by Telsey Advisory with “Hold”. As per Tuesday, February 27, the company rating was maintained by Jefferies. Credit Suisse maintained the shares of BBY in report on Monday, March 5 with “Hold” rating. The stock of Best Buy Co., Inc. (NYSE:BBY) earned “Hold” rating by RBC Capital Markets on Monday, February 12. The company was maintained on Friday, March 2 by Bank of America. Loop Capital Markets maintained it with “Buy” rating and $8500 target in Thursday, May 24 report. The rating was maintained by UBS on Friday, March 2 with “Neutral”. Loop Capital Markets maintained Best Buy Co., Inc. (NYSE:BBY) on Thursday, March 1 with “Buy” rating. RBC Capital Markets maintained Best Buy Co., Inc. (NYSE:BBY) on Thursday, March 1 with “Hold” rating. The rating was downgraded by Telsey Advisory Group to “Market Perform” on Thursday, January 25.

More notable recent Best Buy Co., Inc. (NYSE:BBY) news were published by: Seekingalpha.com which released: “Best Buy: Why Worry?” on May 26, 2018, also Fool.com with their article: “3 Stocks That Could Put Amazon’s Returns to Shame” published on June 10, 2018, 247Wallst.com published: “Why a Best Buy Earnings Beat Is Making Shareholders Unhappy” on May 24, 2018. More interesting news about Best Buy Co., Inc. (NYSE:BBY) were released by: 247Wallst.com and their article: “What to Expect From Best Buy in Q1” published on May 23, 2018 as well as Livetradingnews.com‘s news article titled: “Best Buy Co., Inc. (NYSE:BBY) Technicals Indicate Further to Fall” with publication date: May 31, 2018.

Best Buy Co., Inc. (NYSE:BBY) Institutional Positions Chart

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