Diversified Trust Co lowered its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,047 shares of the company's stock after selling 782 shares during the quarter. Diversified Trust Co's holdings in AutoZone were worth $16,160,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in AZO. International Assets Investment Management LLC grew its position in shares of AutoZone by 354,692.5% during the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company's stock valued at $31,293,100,000 after buying an additional 993,139 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of AutoZone during the second quarter valued at approximately $424,000. The Manufacturers Life Insurance Company raised its position in shares of AutoZone by 186.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company's stock worth $292,544,000 after purchasing an additional 60,483 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of AutoZone by 319.0% in the 2nd quarter. Squarepoint Ops LLC now owns 36,225 shares of the company's stock worth $107,375,000 after purchasing an additional 27,580 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in AutoZone during the 3rd quarter valued at approximately $85,127,000. Institutional investors own 92.74% of the company's stock.
Insider Buying and Selling at AutoZone
In other AutoZone news, Chairman William C. Rhodes III sold 13,000 shares of AutoZone stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the transaction, the chairman now directly owns 13,857 shares of the company's stock, valued at $43,055,777.55. The trade was a 48.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.10% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on AZO. DA Davidson reissued a "neutral" rating and set a $3,025.00 price target on shares of AutoZone in a report on Monday, September 30th. Morgan Stanley boosted their target price on shares of AutoZone from $3,038.00 to $3,125.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. The Goldman Sachs Group lowered shares of AutoZone from a "buy" rating to a "sell" rating and dropped their price target for the company from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. Guggenheim increased their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, Roth Mkm restated a "buy" rating and issued a $3,634.00 target price on shares of AutoZone in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, AutoZone has a consensus rating of "Moderate Buy" and a consensus target price of $3,400.32.
Get Our Latest Analysis on AutoZone
AutoZone Stock Performance
NYSE:AZO traded down $37.79 during trading hours on Tuesday, hitting $3,255.67. 104,676 shares of the company's stock traded hands, compared to its average volume of 126,069. The stock's fifty day moving average price is $3,191.61 and its two-hundred day moving average price is $3,116.27. The firm has a market cap of $54.64 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a twelve month low of $2,510.00 and a twelve month high of $3,416.71.
AutoZone (NYSE:AZO - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $33.69 by ($1.17). The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $32.55 EPS. On average, equities research analysts predict that AutoZone, Inc. will post 154.29 earnings per share for the current year.
About AutoZone
(
Free Report)
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.
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