AutoZone, Inc. (NYSE:AZO) Shares Purchased by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc increased its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,250 shares of the company's stock after acquiring an additional 457 shares during the quarter. Pinnacle Financial Partners Inc's holdings in AutoZone were worth $16,538,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AZO. Aptus Capital Advisors LLC increased its stake in AutoZone by 2.8% in the third quarter. Aptus Capital Advisors LLC now owns 260 shares of the company's stock valued at $819,000 after purchasing an additional 7 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in AutoZone in the 3rd quarter valued at about $239,000. Sumitomo Mitsui Trust Group Inc. raised its stake in AutoZone by 0.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 41,415 shares of the company's stock valued at $130,459,000 after acquiring an additional 387 shares during the last quarter. Waverton Investment Management Ltd acquired a new stake in AutoZone during the 3rd quarter worth approximately $208,000. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of AutoZone by 8.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 524 shares of the company's stock valued at $1,651,000 after purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

Insiders Place Their Bets

In other news, VP John Scott Murphy sold 1,580 shares of AutoZone stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the sale, the vice president now owns 1,218 shares of the company's stock, valued at $3,785,166.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other AutoZone news, Chairman William C. Rhodes III sold 13,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the transaction, the chairman now owns 13,857 shares of the company's stock, valued at $43,055,777.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John Scott Murphy sold 1,580 shares of the business's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the sale, the vice president now directly owns 1,218 shares of the company's stock, valued at $3,785,166.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,880 shares of company stock valued at $46,225,660 in the last quarter. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. DA Davidson reaffirmed a "neutral" rating and set a $3,025.00 price target on shares of AutoZone in a report on Monday, September 30th. Roth Capital raised shares of AutoZone to a "strong-buy" rating in a report on Tuesday, October 15th. BNP Paribas raised shares of AutoZone to a "strong-buy" rating in a report on Wednesday, September 25th. Guggenheim raised their price objective on shares of AutoZone from $3,225.00 to $3,350.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Finally, Citigroup dropped their target price on AutoZone from $3,787.00 to $3,500.00 and set a "buy" rating on the stock in a research report on Wednesday, September 25th. One equities research 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 an average price target of $3,202.71.

AutoZone Stock Down 0.4 %

Shares of AZO traded down $13.85 during trading hours on Wednesday, reaching $3,161.87. 103,181 shares of the company traded hands, compared to its average volume of 138,916. The stock has a market capitalization of $53.44 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 1.61 and a beta of 0.71. The stock has a fifty day simple moving average of $3,112.53 and a 200 day simple moving average of $3,021.55. AutoZone, Inc. has a fifty-two week low of $2,510.00 and a fifty-two week high of $3,256.37.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing analysts' consensus estimates of $53.31 by ($5.20). The firm 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 quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $46.46 earnings per share. Research analysts predict that AutoZone, Inc. will post 158.09 EPS for the current fiscal year.

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.