Unigestion Holding SA Sells 1,563 Shares of AutoZone, Inc. (NYSE:AZO)

Unigestion Holding SA trimmed its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 21.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,841 shares of the company's stock after selling 1,563 shares during the period. Unigestion Holding SA's holdings in AutoZone were worth $18,703,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of AutoZone by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company's stock valued at $1,326,545,000 after purchasing an additional 7,365 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in AutoZone by 482,040.2% in the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock valued at $1,343,117,000 after acquiring an additional 419,375 shares during the last quarter. Norges Bank acquired a new stake in AutoZone during the 4th quarter worth $834,556,000. PineStone Asset Management Inc. raised its position in shares of AutoZone by 6.9% during the 4th quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company's stock valued at $683,867,000 after acquiring an additional 13,771 shares during the last quarter. Finally, Marshfield Associates lifted its stake in shares of AutoZone by 0.5% in the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company's stock valued at $534,204,000 after purchasing an additional 796 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Stock Performance

NYSE AZO traded up $40.25 during trading hours on Friday, hitting $3,655.49. 60,882 shares of the company traded hands, compared to its average volume of 133,060. The stock has a market capitalization of $61.35 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,916.81. The business's 50-day moving average is $3,552.65 and its 200-day moving average is $3,322.06.

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AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. Analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AZO shares. Evercore ISI lifted their price objective on AutoZone from $3,525.00 to $3,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Wells Fargo & Company upped their price target on AutoZone from $3,750.00 to $3,850.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Argus downgraded shares of AutoZone from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Wedbush reaffirmed an "outperform" rating and issued a $3,700.00 target price on shares of AutoZone in a research note on Wednesday, March 5th. Finally, TD Cowen upped their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, AutoZone presently has a consensus rating of "Moderate Buy" and a consensus price target of $3,724.00.

Insider Activity at AutoZone

In related news, VP Dennis W. Leriche sold 1,575 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the transaction, the vice president now directly owns 417 shares of the company's stock, valued at approximately $1,501,200. The trade was a 79.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the sale, the senior vice president now directly owns 50 shares of the company's stock, valued at $177,500. This represents a 76.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,721 shares of company stock worth $24,609,331. Insiders own 2.10% of the company's stock.

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.