Best Buy Co., Inc. $BBY Shares Acquired by Munich Reinsurance Co Stock Corp in Munich
MarketBeat
Munich Reinsurance Co Stock Corp in Munich significantly increased its stake in Best Buy Co., Inc. (NYSE:BBY) by 80% in the second quarter, bringing its total holdings to 92,464 shares valued at $7.0 million. This acquisition is part of a broader trend where institutional investors now own 80.96% of Best Buy's stock. The company also announced a quarterly dividend of $0.96 per share and reported strong earnings, exceeding expectations with $1.47 EPS and $9.78 billion in revenue, reflecting a 3.6
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