FTB Advisors Inc. Maintains Stake in AutoZone, Inc. (AZO)
FTB Advisors Inc. continued to hold its position in AutoZone, Inc. (NYSE:AZO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 300 shares of the company’s stock at the close of the second quarter. FTB Advisors Inc.’s holdings in AutoZone were worth $171,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of AZO. American Beacon Advisors Inc. acquired a new position in AutoZone during the 1st quarter worth approximately $104,000. Fieldpoint Private Securities LLC acquired a new position in AutoZone during the 2nd quarter worth approximately $114,000. Alpha Windward LLC raised its stake in AutoZone by 3.2% during the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after buying an additional 8 shares during the period. Salem Investment Counselors Inc. raised its stake in AutoZone by 3.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock worth $151,000 after buying an additional 9 shares during the period. Finally, Global X Management Co. LLC raised its stake in AutoZone by 12.9% during the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock worth $184,000 after buying an additional 37 shares during the period. 96.77% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director William Andrew Mckenna sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the transaction, the director now directly owns 8,131 shares in the company, valued at $4,756,309.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.
Shares of AutoZone, Inc. (NYSE:AZO) traded up 0.28% during midday trading on Friday, hitting $601.49. The company had a trading volume of 250,033 shares. The firm has a market capitalization of $16.74 billion, a P/E ratio of 13.65 and a beta of 0.64. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $813.70. The stock has a 50 day moving average price of $554.48 and a 200 day moving average price of $600.40.
AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, topping analysts’ consensus estimates of $15.11 by $0.07. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.49 billion. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. AutoZone’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $14.30 earnings per share. On average, equities analysts anticipate that AutoZone, Inc. will post $46.98 EPS for the current fiscal year.
A number of research analysts recently weighed in on AZO shares. Oppenheimer Holdings, Inc. dropped their price target on AutoZone and set an “outperform” rating on the stock in a research note on Thursday, July 20th. Morgan Stanley downgraded AutoZone from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 6th. Bank of America Corporation downgraded AutoZone from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $750.00 to $575.00 in a research note on Friday, July 7th. Barclays PLC lowered their price objective on AutoZone from $870.00 to $710.00 and set an “overweight” rating for the company in a research note on Thursday, July 6th. Finally, Wolfe Research downgraded AutoZone from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $735.85.
TRADEMARK VIOLATION NOTICE: This news story was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/ftb-advisors-inc-maintains-stake-in-autozone-inc-azo/1617852.html.
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).
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.