AutoZone, Inc. (NYSE:AZO) Shares Sold by Unigestion Holding SA

Unigestion Holding SA decreased its position in AutoZone, Inc. (NYSE:AZO) by 31.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,404 shares of the company’s stock after selling 3,336 shares during the quarter. Unigestion Holding SA’s holdings in AutoZone were worth $23,323,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AZO. International Assets Investment Management LLC lifted its position in shares of AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after buying an additional 993,139 shares during the last quarter. Geode Capital Management LLC raised its stake in AutoZone by 1.8% during the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock worth $1,326,545,000 after acquiring an additional 7,365 shares during the period. Marshfield Associates lifted its holdings in AutoZone by 0.5% in the third quarter. Marshfield Associates now owns 169,586 shares of the company’s stock worth $534,204,000 after acquiring an additional 796 shares during the last quarter. Legal & General Group Plc boosted its stake in AutoZone by 2.3% in the second quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock valued at $446,684,000 after acquiring an additional 3,382 shares during the period. Finally, Strategic Financial Concepts LLC bought a new position in shares of AutoZone during the second quarter valued at approximately $424,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Activity

In other AutoZone news, Chairman William C. Rhodes III sold 300 shares of AutoZone 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 transaction of $922,560.00. Following the transaction, the chairman now directly owns 13,857 shares in the company, valued at approximately $42,613,046.40. The trade was a 2.12 % decrease in their position. 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 firm’s 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 directly owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. This trade represents a 56.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,880 shares of company stock worth $46,225,660. Insiders own 2.10% of the company’s stock.

AutoZone Stock Up 0.7 %

Shares of AZO stock opened at $3,347.85 on Wednesday. The stock has a 50-day simple moving average of $3,134.07 and a 200 day simple moving average of $3,053.20. The stock has a market capitalization of $56.59 billion, a P/E ratio of 22.36, a P/E/G ratio of 1.70 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $2,510.00 and a fifty-two week high of $3,416.71.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $32.55 earnings per share. On average, sell-side analysts anticipate that AutoZone, Inc. will post 155.79 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AZO shares. Guggenheim restated a “buy” rating on shares of AutoZone in a research report on Wednesday, December 4th. Roth Capital raised shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. DA Davidson restated a “neutral” rating and set a $3,025.00 price target on shares of AutoZone in a research report on Monday, September 30th. Citigroup cut their price objective on shares of 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. Finally, Morgan Stanley upped their target price on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and an average price target of $3,264.25.

About AutoZone

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.