Impact Partnership Wealth LLC Has $783,000 Stock Holdings in Best Buy Co., Inc. $BBY

Impact Partnership Wealth LLC raised its holdings in Best Buy Co., Inc. (NYSE:BBY) by 94.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,663 shares of the technology retailer’s stock after acquiring an additional 5,666 shares during the period. Impact Partnership Wealth LLC’s holdings in Best Buy were worth $783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Oliver Lagore Vanvalin Investment Group acquired a new stake in Best Buy during the 2nd quarter worth approximately $26,000. Maseco LLP acquired a new stake in shares of Best Buy during the second quarter worth $39,000. Bogart Wealth LLC boosted its stake in Best Buy by 202.0% in the 2nd quarter. Bogart Wealth LLC now owns 604 shares of the technology retailer’s stock worth $41,000 after purchasing an additional 404 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of Best Buy in the 2nd quarter valued at about $44,000. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of Best Buy during the first quarter worth about $53,000. Institutional investors own 80.96% of the company’s stock.

Insider Activity at Best Buy

In related news, CAO Mathew Watson sold 2,018 shares of Best Buy stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $76.76, for a total transaction of $154,901.68. Following the completion of the transaction, the chief accounting officer owned 20,132 shares of the company’s stock, valued at $1,545,332.32. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard M. Schulze sold 93,293 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $84.10, for a total value of $7,845,941.30. Following the sale, the chairman owned 11,589,298 shares in the company, valued at approximately $974,659,961.80. The trade was a 0.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,599,439 shares of company stock worth $129,995,911 over the last quarter. 0.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BBY has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Best Buy from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Truist Financial upped their price objective on Best Buy from $69.00 to $72.00 and gave the stock a “hold” rating in a research note on Friday, August 29th. Evercore ISI raised their target price on shares of Best Buy from $75.00 to $77.00 and gave the company an “in-line” rating in a research note on Friday, August 29th. Piper Sandler reiterated a “neutral” rating and set a $75.00 price target (down previously from $82.00) on shares of Best Buy in a report on Monday, July 14th. Finally, Citigroup restated a “buy” rating on shares of Best Buy in a research report on Thursday, August 28th. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Best Buy currently has an average rating of “Hold” and a consensus target price of $81.69.

Best Buy Stock Up 0.0%

Shares of NYSE BBY opened at $83.87 on Thursday. The company has a 50 day simple moving average of $76.53 and a 200 day simple moving average of $71.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.04 and a quick ratio of 0.36. Best Buy Co., Inc. has a 1 year low of $54.99 and a 1 year high of $95.49. The firm has a market cap of $17.62 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23.

Best Buy (NYSE:BBY) last issued its quarterly earnings results on Thursday, August 28th. The technology retailer reported $1.28 EPS 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 net margin of 1.87% and a return on equity of 47.32%. Best Buy’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 earnings per share. Best Buy has set its FY 2026 guidance at 6.150-6.300 EPS. On average, research analysts forecast that Best Buy Co., Inc. will post 6.18 EPS for the current year.

Best Buy Dividend Announcement

The business 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. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Thursday, September 18th. Best Buy’s dividend payout ratio (DPR) is 104.97%.

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.