William Allan Corp Has $2.09 Million Holdings in Best Buy Co., Inc. $BBY

William Allan Corp trimmed its position in shares of Best Buy Co., Inc. (NYSE:BBY) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,119 shares of the technology retailer’s stock after selling 652 shares during the quarter. William Allan Corp’s holdings in Best Buy were worth $2,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of Best Buy during the 2nd quarter valued at about $3,229,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Best Buy by 16.8% during the 2nd 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 last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Best Buy by 44.1% during the 2nd 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 last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Best Buy during the 2nd quarter valued at about $2,294,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Best Buy by 7.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 50,197 shares of the technology retailer’s stock valued at $3,419,000 after buying an additional 3,467 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors and hedge funds.

Best Buy Stock Performance

Shares of NYSE BBY opened at $82.89 on Tuesday. The company has a market cap of $17.42 billion, a P/E ratio of 22.90, a P/E/G ratio of 2.19 and a beta of 1.23. The company has a quick ratio of 0.36, a current ratio of 1.04 and a debt-to-equity ratio of 0.43. Best Buy Co., Inc. has a 12 month low of $54.99 and a 12 month high of $95.49. The business’s 50 day moving average is $76.11 and its two-hundred day moving average is $71.21.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Thursday, August 28th. The technology retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.23 billion. Best Buy had a return on equity of 47.32% and a net margin of 1.87%.Best Buy’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 earnings per share. Best Buy has set its FY 2026 guidance at 6.150-6.300 EPS. On average, equities analysts expect that Best Buy Co., Inc. will post 6.18 EPS for the current year.

Best Buy Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of Best Buy in a report on Thursday, August 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Best Buy in a research note on Wednesday, October 8th. Guggenheim reissued a “buy” rating and issued a $90.00 price objective on shares of Best Buy in a research note on Friday, August 29th. Wall Street Zen downgraded Best Buy from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Evercore ISI raised 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. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Best Buy presently has a consensus rating of “Hold” and an average target price of $81.69.

Insider Buying and Selling

In other news, CAO Mathew Watson sold 2,018 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $76.76, for a total transaction of $154,901.68. Following the sale, the chief accounting officer directly owned 20,132 shares in the company, valued at approximately $1,545,332.32. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Richard M. Schulze sold 325,836 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $82.35, for a total value of $26,832,594.60. Following the sale, the chairman owned 12,161,068 shares in the company, valued at approximately $1,001,463,949.80. This represents a 2.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,027,669 shares of company stock worth $82,189,066. 0.59% of the stock is currently owned by company insiders.

Best Buy Company Profile

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.