Will Best Buy’s Decline In Revenue Give These Top Institutional Shareholders Cause For Concern?

Best Buy Co Inc. (NYSE:BBY) announced revenue details of the holiday season represented by the nine weeks ending January 5, 2013. Revenue fell 0.4% to $12.8 billion compared to $12.9 billion in the year ago period. The international segment did better as it grew by 2.2% while the domestic segment fell 1.2%. Sales at comparable stores fell 1.4%, mainly due to the international segment, with most of the drop occurring in Canada and China. Domestic comparable store sales remained flat. Significantly, the company’s domestic segment online channel saw a traffic increase that boosted revenues by 10%. Free cash flow guidance for the fiscal year 2013 is revised to $500 million compared to the previous guidance in the range $850 million-$1.05 billion.

Will Best Buy Co.’s shareholders increase their holdings? They reported owning a total of 482,450 shares on 12/31/2012. The shares closed at $11.85 on 12/31/2012.

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Here are the ten largest positions in Best Buy Co. Inc. at the end of December 31st, 2012.

Kempner Capital Management Inc. held 394,790 shares on 12/31/2012 worth $4,678,262. This brought the portfolio total to 1.97%.

First Citizens Bank & Trust Co. held 25,303 shares on 12/31/2012 worth $299,841. This brought the portfolio total to 0.01%.

Stifel Nicolaus & Co Inc./MO held 24,695 shares on 12/31/2012 worth $292,636. This brought the portfolio total to 0.01%.

Advantus Capital Management Inc. held 23,411 shares on 12/31/2012 worth $277,420. This brought the portfolio total to 0.01%.

Creative Planning held 11,476 shares on 12/31/2012 worth $135,991. This brought the portfolio total to 0.01%.

Palladium Partners LLC. held 2,275 shares on 12/31/2012 worth $26,959. This brought the portfolio total to 0.0%.

Smithfield Trust Co. held 500 shares on 12/31/2012 worth $5,925. This brought the portfolio total to 0.0%.

Beach Investment Counsel Inc./PA held 0 shares on 12/31/2012 worth $0. This brought the portfolio total to %.

Bkd Wealth Advisors LLC. held 0 shares on 12/31/2012 worth $0. This brought the portfolio total to %.

FMR LLC. held 38,858,761 shares on 09/30/2012 worth $668,370,719. This brought the portfolio total to 0.12%.

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