(NYSE:BBY) Shares Bought by Teacher Retirement System of Texas

(NYSE:BBY) by 78.4% during the first quarter, according to its most recent 13F filing with the SEC. JPMorgan Chase & Co. now owns 14,724,133 shares of the technology retailer's stock worth $723,692,000 after buying an additional 898,300 shares in the last quarter.

WARNING: "Best Buy Co., Inc". MOHAN RAJENDRA M also sold $5.80M worth of Best Buy Co Inc (NYSE:BBY) on Monday, April 3. Eqis Capital Management Inc. boosted its position in Best Buy Co.by 23.6% in the second quarter. The firm acquired 58,000 shares of the technology retailer's stock, valued at approximately $3,325,000. Mn Services Vermogensbeheer B.V. has an ownership of 7,538 stocks of the technology retailer's shares valued $346,000 after scooping up an extra 175 shares through out the quarter.

Best Buy Co., Inc., launched on October 20, 1966, is a provider of technology products, services and solutions. Dalton Greiner Hartman Maher has an ownership of 6,078 stocks of the technology retailer's shares valued $299,000 after scooping up an extra 248 shares through out the quarter. large institution funds own 93.92% of the firms stock. Finally, Harbour Capital Advisors LLC bought a new position in Best Buy Co. during the first quarter valued at about $147,000. Balyasny Asset Management Lc holds 0% in Best Buy Co Inc (NYSE:BBY) or 14,633 shares. If the market is performing well and the stock is over-valued, BBY might be a good investment at this point but if the market is dropping down, you might not consider buying the stock. Raymond James maintained Best Buy Co Inc (NYSE:BBY) rating on Wednesday, August 24. Convergence Investment Partners Llc sold 74,450 shares as the company's stock rose 13.46% with the market. Latest closing price was -2.28% below its 50-day moving average and 0.56% above its 200-day moving average.

Best Buy Co., Inc. has a 1-year low of $30.69 and a 1-year high of $61.95. The Market Capitalization of the company stands at 16.58 Billion. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Comparatively, BBY posted earnings of $0.49 per share in the same quarter, a year earlier. Best Buy Co. The business had revenue of $8.53 billion for the quarter, compared to analysts' expectations of $8.28 billion. The company is expected to report EPS as high as $0.69 and as low as $0.58 per share. The company's quarterly revenue was up 1.0% compared to the same quarter previous year. Equities analysts anticipate that Best Buy Co., Inc. will post $3.90 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Thursday, June 15th were given a dividend of $0.34 per share. The ex-dividend date was Tue, Jun 13th. This represents a $1.36 dividend on an annualized basis and a yield of 2.46%. Best Buy Co.'s payout ratio is 36.46%. If you are reading this news story on another domain, it was illegally copied and republished in violation of US & worldwide copyright and trademark legislation. On average, analysts predict that Best Buy Co. will post $3.90 earnings per share for the current year.

A number of equities research analysts recently commented on the stock. Bank of America Corporation upgraded Best Buy Co. from a "neutral" rating to a "buy" rating and increased their price target for the company from $46.00 to $58.00 in a report on Tuesday, April 25th. The stock of Best Buy Co Inc (NYSE:BBY) has "Underperform" rating given on Friday, February 26 by Wedbush. ValuEngine cut shares of Best Buy Co. from a "buy" rating to a "hold" rating in a research note on Friday, May 26th. Vetr downgraded Best Buy Co. from a "hold" rating to a "sell" rating and set a $44.50 target price for the company.in a research report on Monday, March 27th. Do investors think to respond accordingly to new analyst's rating and change a position based on the analyst's rating opinion without any further research? Telsey Advisory Group maintained Best Buy Co Inc (NYSE:BBY) on Friday, February 26 with "Outperform" rating.

In related news, VP Mathew Watson sold 14,568 shares of the firm's stock in a transaction on Friday, May 26th. During the trading on 07/11/2017, Company's stock ranged from $32.33 to $31.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Shares for $4.02 million were sold by Nelsen Keith J. Shares for $9.22M were sold by Ballard Shari L. Saksena Asheesh had sold 22,255 shares worth $1.24M. The stock was sold at an average price of $51.02, for a total transaction of $379,945.94. Following the completion of the transaction, the insider now directly owns 34,096 shares in the company, valued at approximately $1,739,577.92. Patricia H. Walker, President, Services disclosed the sale of 7,447 shares of (BBY). Insiders sold a total of 129,364 shares of company stock worth $7,487,321 over the last quarter. Mn Services Vermogensbeheer B.V. now owns 45,868 shares of the technology retailer's stock valued at $2,630,000 after buying an additional 38,330 shares during the last quarter.

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