AutoZone, Inc. (NYSE:AZO) Shares Sold by Diversified Trust Co

Diversified Trust Co trimmed its position in shares of AutoZone, Inc. (NYSE:AZO) by 13.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,047 shares of the company’s stock after selling 782 shares during the period. Diversified Trust Co’s holdings in AutoZone were worth $16,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of AutoZone by 354,692.5% during the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after acquiring an additional 993,139 shares in the last quarter. Geode Capital Management LLC grew its stake in AutoZone by 1.8% during 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 in the last quarter. Marshfield Associates raised its position 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 in the last quarter. Legal & General Group Plc boosted its stake in shares of AutoZone by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock valued at $446,684,000 after buying an additional 3,382 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of AutoZone during the second quarter worth approximately $424,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Activity

In other AutoZone news, Chairman William C. Rhodes III sold 13,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the completion of the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This represents a 48.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AZO shares. UBS Group increased their price objective on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Argus increased their target price on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. Evercore ISI raised their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, TD Cowen boosted their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3,400.32.

AutoZone Trading Down 0.0 %

AZO traded down $1.46 on Tuesday, reaching $3,292.00. The company had a trading volume of 28,011 shares, compared to its average volume of 106,352. The company has a market capitalization of $55.25 billion, a P/E ratio of 21.99, a PEG ratio of 1.73 and a beta of 0.71. The company has a fifty day moving average of $3,191.61 and a 200-day moving average of $3,116.27. AutoZone, Inc. has a one year low of $2,510.00 and a one year high of $3,416.71.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 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%. AutoZone’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $32.55 EPS. Research analysts predict that AutoZone, Inc. will post 154.29 EPS for the current year.

AutoZone 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.