Legacy Private Trust Co. reduced its position in AutoZone, Inc. (NYSE:AZO) by 10.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 710 shares of the company’s stock after selling 86 shares during the quarter. Legacy Private Trust Co.’s holdings in AutoZone were worth $505,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of AutoZone by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,899,758 shares of the company’s stock worth $1,083,735,000 after purchasing an additional 32,542 shares during the period. FMR LLC grew its stake in shares of AutoZone by 6.7% during the 2nd quarter. FMR LLC now owns 1,864,473 shares of the company’s stock worth $1,063,608,000 after purchasing an additional 117,019 shares during the period. State Street Corp grew its stake in shares of AutoZone by 5.1% during the 2nd quarter. State Street Corp now owns 1,363,261 shares of the company’s stock worth $777,679,000 after purchasing an additional 66,734 shares during the period. JPMorgan Chase & Co. grew its stake in shares of AutoZone by 27.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock worth $764,272,000 after purchasing an additional 282,939 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of AutoZone by 4.4% during the 3rd quarter. Nordea Investment Management AB now owns 1,072,553 shares of the company’s stock worth $638,287,000 after purchasing an additional 45,458 shares during the period. 99.35% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the stock. Deutsche Bank increased their price objective on shares of AutoZone from $625.00 to $700.00 in a research note on Thursday, December 7th. Royal Bank of Canada lowered their price objective on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 20th. Jefferies Group reissued a “hold” rating and issued a $720.00 price objective on shares of AutoZone in a research note on Wednesday, December 6th. Zacks Investment Research cut shares of AutoZone from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Finally, UBS Group reissued a “buy” rating and issued a $655.00 price objective (down from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $743.12.
AutoZone (NYSE:AZO) last released its earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $9.90 by $0.10. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $9.36 EPS. equities research analysts predict that AutoZone, Inc. will post 47.25 earnings per share for the current year.
In other AutoZone news, insider Philip B. Daniele sold 740 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $780.37, for a total value of $577,473.80. Following the transaction, the insider now directly owns 1,058 shares in the company, valued at approximately $825,631.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Richard Craig Smith sold 2,700 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $760.00, for a total transaction of $2,052,000.00. Following the completion of the transaction, the vice president now owns 4,500 shares in the company, valued at $3,420,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,913 shares of company stock worth $66,894,150. 2.60% of the stock is owned by insiders.
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AutoZone Company Profile
Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.
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