Best Buy Company INC (BBY) Stock Rose While Pioneer Investment Management INC Upped Its Position

Best Buy Co., Inc. (NYSE:BBY) LogoInvestors sentiment increased to 1.1 in 2019 Q2. Its up 0.02, from 1.08 in 2019Q1. It is positive, as 44 investors sold BBY shares while 161 reduced holdings. 77 funds opened positions while 148 raised stakes. 193.72 million shares or 1.76% less from 197.18 million shares in 2019Q1 were reported. First Hawaiian National Bank & Trust invested in 7,084 shares or 0.03% of the stock. Benjamin F Edwards & Inc reported 200 shares stake. Cornerstone, a Washington-based fund reported 846 shares. Cadence Mgmt Ltd Liability holds 0.2% or 28,852 shares in its portfolio. Oppenheimer Asset Mngmt reported 0% stake. Caisse De Depot Et Placement Du Quebec has invested 0.02% in Best Buy Co., Inc. (NYSE:BBY). Verition Fund Limited Company holds 0.01% in Best Buy Co., Inc. (NYSE:BBY) or 6,114 shares. Stifel Financial reported 243,255 shares. Assetmark has invested 0.01% in Best Buy Co., Inc. (NYSE:BBY). Foundry Prns Limited Liability Co invested in 0.31% or 112,610 shares. 492,653 are owned by Alliancebernstein Lp. 1,193 are held by Signaturefd Ltd Liability Co. Envestnet Asset holds 0.02% or 175,491 shares. Fin Architects, a New Jersey-based fund reported 25 shares. Swiss Bank & Trust owns 789,560 shares for 0.06% of their portfolio.

Pioneer Investment Management Inc increased its stake in Best Buy Company Inc (BBY) by 25.77% based on its latest 2019Q2 regulatory filing with the SEC. Pioneer Investment Management Inc bought 590,687 shares as the company’s stock rose 3.66% . The institutional investor held 2.88M shares of the consumer services company at the end of 2019Q2, valued at $1.72 billion, up from 2.29 million at the end of the previous reported quarter. Pioneer Investment Management Inc who had been investing in Best Buy Company Inc for a number of months, seems to be bullish on the $17.80B market cap company. The stock decreased 0.47% or $0.32 during the last trading session, reaching $67.54. About 2.51 million shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 2.81% since September 13, 2018 and is uptrending. It has outperformed by 2.81% the S&P500.

Pioneer Investment Management Inc, which manages about $65.36 billion and $122.07 billion US Long portfolio, decreased its stake in Wells Fargo Co New (NYSE:WFC) by 368,133 shares to 2.36M shares, valued at $111.57M in 2019Q2, according to the filing. It also reduced its holding in Marvell Technology Group Ltd (NASDAQ:MRVL) by 933,549 shares in the quarter, leaving it with 1.82M shares, and cut its stake in Brown Forman Corp (NYSE:BF.B).

More notable recent Best Buy Co., Inc. (NYSE:BBY) news were published by: Seekingalpha.com which released: “Best Buy +3% after margins impress – Seeking Alpha” on August 29, 2019, also Fool.com with their article: “Should You Buy the Dip in Ulta Beauty? – Motley Fool” published on September 09, 2019, Finance.Yahoo.com published: “Should You Like Best Buy Co., Inc.’s (NYSE:BBY) High Return On Capital Employed? – Yahoo Finance” on August 20, 2019. More interesting news about Best Buy Co., Inc. (NYSE:BBY) were released by: Seekingalpha.com and their article: “Best Buy Earnings Preview – Seeking Alpha” published on August 27, 2019 as well as Investorplace.com‘s news article titled: “Best Buy Stock Declines Despite Q2 Earnings Beat – Investorplace.com” with publication date: August 29, 2019.

Best Buy Co., Inc. (NYSE:BBY) Ratings Coverage

Among 3 analysts covering Best Buy Co (NYSE:BBY), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Best Buy Co has $88 highest and $7000 lowest target. $76.25’s average target is 12.90% above currents $67.54 stock price. Best Buy Co had 8 analyst reports since March 14, 2019 according to SRatingsIntel. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Buy” rating given on Tuesday, June 25 by Jefferies. The firm earned “Equal-Weight” rating on Friday, August 30 by Morgan Stanley.

Best Buy Co., Inc. (NYSE:BBY) Institutional Positions Chart

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