Winton Capital Group Ltd Lowers stake in Best Buy Co Inc (BBY)

Best Buy Co Inc (BBY) : Winton Capital Group Ltd reduced its stake in Best Buy Co Inc by 17.5% during the most recent quarter end. The investment management company now holds a total of 2,078,170 shares of Best Buy Co Inc which is valued at $72,465,788 after selling 440,897 shares in Best Buy Co Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Best Buy Co Inc makes up approximately 1.14% of Winton Capital Group Ltd’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in BBY in the latest quarter, The investment management firm added 43,780 additional shares and now holds a total of 134,395 shares of Best Buy Co Inc which is valued at $4,686,354. Best Buy Co Inc makes up approx 0.02% of Thrivent Financial For Lutherans’s portfolio.Globeflex Capital L P boosted its stake in BBY in the latest quarter, The investment management firm added 495 additional shares and now holds a total of 43,015 shares of Best Buy Co Inc which is valued at $1,499,933. Best Buy Co Inc makes up approx 0.39% of Globeflex Capital L P’s portfolio.Tower Research Capital (trc) boosted its stake in BBY in the latest quarter, The investment management firm added 8,394 additional shares and now holds a total of 14,072 shares of Best Buy Co Inc which is valued at $490,691. Best Buy Co Inc makes up approx 0.04% of Tower Research Capital (trc)’s portfolio.Advisors Asset Management boosted its stake in BBY in the latest quarter, The investment management firm added 10,244 additional shares and now holds a total of 81,053 shares of Best Buy Co Inc which is valued at $2,806,055. Best Buy Co Inc makes up approx 0.04% of Advisors Asset Management’s portfolio.Advisory Services Network boosted its stake in BBY in the latest quarter, The investment management firm added 2,136 additional shares and now holds a total of 3,472 shares of Best Buy Co Inc which is valued at $115,062. Best Buy Co Inc makes up approx 0.03% of Advisory Services Network’s portfolio.

Best Buy Co Inc closed down -0.46 points or -1.17% at $39.02 with 56,74,582 shares getting traded on Monday. Post opening the session at $39.46, the shares hit an intraday low of $38.87 and an intraday high of $39.51 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Best Buy Co Inc reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Aug 23, 2016. Analyst had a consensus of $0.43. The company had revenue of $8533.00 million for the quarter, compared to analysts expectations of $8388.75 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Investors should note that on Jun 22, 2016, Best Buy Co Inc announced a cash dividend of $0.1250. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Oct 18, 2016.

Many Wall Street Analysts have commented on Best Buy Co Inc. Company shares were Reiterated by Telsey Advisory Group on Aug 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 42 from a previous price target of $36 .Company shares were Reiterated by RBC Capital Mkts on Aug 24, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 42 from a previous price target of $36 .Company shares were Reiterated by Deutsche Bank on Aug 24, 2016 to “Hold”, Firm has raised the Price Target to $ 41 from a previous price target of $32 .

Best Buy Co. Inc. is a provider of technology products services and solutions. The Company offers service to the consumers small business owners and educators who visit its stores engage with Geek Squad agents or use its Websites or mobile applications. It has retail and online operations in the United States Canada and Mexico. It operates through two segments: Domestic and International. The Domestic segment consists of all operations within the United States and its territories operating e-commerce retail store and call center operations under a range of brand names including Best Buy (bestbuy.com) Best Buy Mobile Geek Squad Magnolia Audio Video and Pacific Sales. The International segment consists of all operations outside the United States and its territories. In addition the Company operates Magnolia Home Theater Magnolia Design Center and Pacific Kitchen and Home store-within-a-store experiences in the United States Best Buy stores.

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