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.

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AutoZone Profile

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.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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