State of Alaska Department of Revenue Has $10.38 Million Stake in AutoZone, Inc. (NYSE:AZO)

State of Alaska Department of Revenue trimmed its stake in AutoZone, Inc. (NYSE:AZO) by 30.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,573 shares of the company’s stock after selling 4,237 shares during the period. State of Alaska Department of Revenue’s holdings in AutoZone were worth $10,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Atlas Capital Advisors LLC grew its position in AutoZone by 13.6% in the 2nd quarter. Atlas Capital Advisors LLC now owns 75 shares of the company’s stock worth $82,000 after purchasing an additional 9 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of AutoZone by 5.6% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 190 shares of the company’s stock worth $208,000 after acquiring an additional 10 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of AutoZone by 2.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 350 shares of the company’s stock worth $385,000 after acquiring an additional 10 shares during the period. Savant Capital LLC lifted its holdings in shares of AutoZone by 1.5% during the 2nd quarter. Savant Capital LLC now owns 658 shares of the company’s stock worth $723,000 after acquiring an additional 10 shares during the period. Finally, Advantage Investment Management LLC lifted its holdings in shares of AutoZone by 46.4% during the 2nd quarter. Advantage Investment Management LLC now owns 41 shares of the company’s stock worth $45,000 after acquiring an additional 13 shares during the period. Institutional investors own 94.21% of the company’s stock.

In related news, Director Earl G. Graves, Jr. sold 500 shares of AutoZone stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,077.04, for a total transaction of $538,520.00. Following the completion of the transaction, the director now directly owns 4,607 shares of the company’s stock, valued at approximately $4,961,923.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.80% of the company’s stock.

A number of equities analysts have recently commented on AZO shares. ValuEngine downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Citigroup raised their price objective on shares of AutoZone from $1,234.00 to $1,357.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Zacks Investment Research raised shares of AutoZone from a “hold” rating to a “buy” rating and set a $1,156.00 price objective for the company in a report on Friday, June 7th. Morgan Stanley raised their price objective on shares of AutoZone from $1,050.00 to $1,100.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Oppenheimer raised shares of AutoZone from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $900.00 to $1,225.00 in a report on Friday, June 28th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $1,128.00.

AZO stock traded up $8.00 during trading on Friday, hitting $1,060.33. 179,398 shares of the stock traded hands, compared to its average volume of 283,659. AutoZone, Inc. has a one year low of $705.01 and a one year high of $1,186.60. The stock has a market cap of $26.01 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.36 and a beta of 0.63. The company has a 50 day simple moving average of $1,109.35 and a 200 day simple moving average of $1,080.16.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, September 24th. The company reported $22.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.80 by $0.79. AutoZone had a net margin of 13.63% and a negative return on equity of 98.67%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period last year, the firm posted $18.54 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, research analysts forecast that AutoZone, Inc. will post 65.23 EPS for the current year.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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