World Investment Advisors Has $3.59 Million Stock Holdings in Best Buy Co., Inc. $BBY

World Investment Advisors cut its stake in shares of Best Buy Co., Inc. (NYSE:BBY) by 0.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 53,440 shares of the technology retailer’s stock after selling 312 shares during the quarter. World Investment Advisors’ holdings in Best Buy were worth $3,587,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Quaker Wealth Management LLC boosted its position in Best Buy by 196.6% during the second quarter. Quaker Wealth Management LLC now owns 1,179 shares of the technology retailer’s stock valued at $79,000 after purchasing an additional 2,400 shares during the last quarter. Howard Capital Management Inc. boosted its position in Best Buy by 27.5% during the second quarter. Howard Capital Management Inc. now owns 5,435 shares of the technology retailer’s stock valued at $369,000 after purchasing an additional 1,171 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Best Buy during the second quarter valued at approximately $3,229,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Best Buy by 16.8% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,022 shares of the technology retailer’s stock valued at $3,358,000 after buying an additional 7,200 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in Best Buy by 44.1% in the second quarter. Teacher Retirement System of Texas now owns 154,620 shares of the technology retailer’s stock valued at $10,380,000 after buying an additional 47,314 shares during the period. 80.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Best Buy news, CAO Mathew Watson sold 3,715 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $74.07, for a total transaction of $275,170.05. Following the transaction, the chief accounting officer owned 22,150 shares in the company, valued at $1,640,650.50. This trade represents a 14.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard M. Schulze sold 500,000 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $80.83, for a total value of $40,415,000.00. Following the transaction, the chairman owned 12,486,904 shares in the company, valued at approximately $1,009,316,450.32. This trade represents a 3.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,599,439 shares of company stock worth $129,995,911. Corporate insiders own 0.47% of the company’s stock.

Best Buy Price Performance

Shares of NYSE BBY opened at $83.24 on Friday. The firm has a market cap of $17.49 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. The company has a current ratio of 1.04, a quick ratio of 0.36 and a debt-to-equity ratio of 0.43. Best Buy Co., Inc. has a 1-year low of $54.99 and a 1-year high of $95.49. The business’s 50 day moving average is $76.75 and its 200-day moving average is $71.63.

Best Buy (NYSE:BBY) last announced its earnings results on Thursday, August 28th. The technology retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.23 billion. Best Buy had a return on equity of 47.32% and a net margin of 1.87%.The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.34 earnings per share. Best Buy has set its FY 2026 guidance at 6.150-6.300 EPS. Equities research analysts predict that Best Buy Co., Inc. will post 6.18 earnings per share for the current year.

Best Buy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Thursday, September 18th. Best Buy’s dividend payout ratio (DPR) is 104.97%.

Wall Street Analyst Weigh In

BBY has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Best Buy in a research note on Wednesday, October 8th. Jefferies Financial Group upped their price objective on Best Buy from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of Best Buy in a research note on Thursday, August 28th. Evercore ISI upped their price objective on Best Buy from $75.00 to $77.00 and gave the company an “in-line” rating in a research note on Friday, August 29th. Finally, Wedbush upped their price objective on Best Buy from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Best Buy presently has an average rating of “Hold” and a consensus target price of $81.69.

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.