Chevy Chase Trust Holdings Inc. raised its position in AutoZone, Inc. (NYSE:AZO) by 0.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 26,230 shares of the company’s stock after purchasing an additional 193 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.10% of AutoZone worth $15,610,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fieldpoint Private Securities LLC acquired a new position in shares of AutoZone in the 2nd quarter worth approximately $114,000. Salem Investment Counselors Inc. lifted its position in shares of AutoZone by 3.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after purchasing an additional 9 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of AutoZone in the 3rd quarter worth approximately $179,000. Global X Management Co. LLC lifted its position in shares of AutoZone by 12.9% in the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock worth $184,000 after purchasing an additional 37 shares during the period. Finally, Jarislowsky Fraser Ltd acquired a new position in shares of AutoZone in the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 99.03% of the company’s stock.

AutoZone, Inc. (NYSE:AZO) opened at $708.61 on Tuesday. The company has a debt-to-equity ratio of -3.27, a quick ratio of 0.14 and a current ratio of 0.93. AutoZone, Inc. has a 1 year low of $491.13 and a 1 year high of $809.52. The stock has a market cap of $19,680.16, a price-to-earnings ratio of 16.16, a P/E/G ratio of 1.33 and a beta of 0.72.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $9.90 by $0.10. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the company earned $9.36 EPS. AutoZone’s quarterly revenue was up 4.9% compared to the same quarter last year. research analysts expect that AutoZone, Inc. will post 46.73 earnings per share for the current fiscal year.

In other AutoZone news, VP Charles Pleas III sold 10,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $700.00, for a total transaction of $7,000,000.00. Following the transaction, the vice president now owns 14,377 shares in the company, valued at $10,063,900. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO William T. Giles sold 24,200 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $710.79, for a total transaction of $17,201,118.00. Following the transaction, the chief financial officer now owns 24,466 shares in the company, valued at approximately $17,390,188.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,823 shares of company stock worth $56,687,723. Corporate insiders own 2.80% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of AutoZone from $710.00 to $800.00 in a research report on Thursday, December 7th. Wedbush restated a “hold” rating and issued a $580.00 price target (down previously from $590.00) on shares of AutoZone in a research report on Wednesday, September 20th. Citigroup restated a “buy” rating and issued a $700.00 price target on shares of AutoZone in a research report on Wednesday, September 20th. UBS restated a “buy” rating and issued a $655.00 price target (down previously from $725.00) on shares of AutoZone in a research report on Wednesday, September 20th. Finally, Jefferies Group restated a “hold” rating and issued a $720.00 price target on shares of AutoZone in a research report on Wednesday, December 6th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. AutoZone presently has an average rating of “Hold” and a consensus price target of $733.89.

TRADEMARK VIOLATION WARNING: “AutoZone, Inc. (AZO) Stake Lifted by Chevy Chase Trust Holdings Inc.” was reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/autozone-inc-azo-stake-lifted-by-chevy-chase-trust-holdings-inc/1759130.html.

About AutoZone

Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.

Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO).

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

Receive News & Ratings for AutoZone Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.