AutoZone, Inc. (NYSE:AZO) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 25.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 529 shares of the company's stock after selling 179 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in AutoZone were worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its position in shares of AutoZone by 1.8% in the 2nd quarter. Mather Group LLC. now owns 224 shares of the company's stock worth $706,000 after purchasing an additional 4 shares in the last quarter. Conning Inc. raised its stake in AutoZone by 4.3% in the second quarter. Conning Inc. now owns 98 shares of the company's stock valued at $290,000 after buying an additional 4 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in AutoZone by 14.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company's stock worth $95,000 after acquiring an additional 4 shares in the last quarter. Brighton Jones LLC boosted its holdings in AutoZone by 4.1% in the second quarter. Brighton Jones LLC now owns 101 shares of the company's stock worth $299,000 after acquiring an additional 4 shares in the last quarter. Finally, Fidelis Capital Partners LLC grew its stake in shares of AutoZone by 2.6% during the second quarter. Fidelis Capital Partners LLC now owns 159 shares of the company's stock worth $490,000 after acquiring an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

Insider Activity

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the completion of the sale, the vice president now directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. The trade was a 56.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William C. Rhodes III sold 300 shares of the firm's stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total value of $922,560.00. Following the completion of the transaction, the chairman now owns 13,857 shares in the company, valued at approximately $42,613,046.40. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock worth $46,225,660 in the last quarter. Corporate insiders own 2.10% of the company's stock.

AutoZone Stock Down 0.8 %

Shares of AZO stock traded down $24.49 during mid-day trading on Thursday, hitting $3,137.38. 107,597 shares of the stock were exchanged, compared to its average volume of 138,774. AutoZone, Inc. has a 52-week low of $2,510.00 and a 52-week high of $3,256.37. The company has a market cap of $53.02 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.61 and a beta of 0.71. The firm has a fifty day moving average of $3,112.51 and a 200 day moving average of $3,022.53.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $53.31 by ($5.20). The business had revenue of $6.21 billion for the quarter, compared to analysts' expectations of $6.25 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $46.46 EPS. Equities analysts predict that AutoZone, Inc. will post 158.09 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Mizuho upped their price target on shares of AutoZone from $3,280.00 to $3,350.00 and gave the company an "outperform" rating in a research note on Wednesday, September 25th. Roth Capital raised AutoZone to a "strong-buy" rating in a research report on Tuesday, October 15th. Roth Mkm reaffirmed a "buy" rating and set a $3,634.00 price target on shares of AutoZone in a research report on Wednesday, October 16th. Guggenheim increased their price objective on AutoZone from $3,225.00 to $3,350.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Finally, DA Davidson restated a "neutral" rating and issued a $3,025.00 price objective on shares of AutoZone in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, AutoZone presently has a consensus rating of "Moderate Buy" and a consensus target price of $3,202.71.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.