Chevy Chase Trust Holdings Inc. reduced its stake in shares of AutoZone Inc. (NYSE:AZO) by 3.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,187 shares of the company’s stock after selling 1,118 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of AutoZone worth $20,889,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AZO. Squarepoint Ops LLC acquired a new position in shares of AutoZone during the first quarter valued at about $3,449,000. First Republic Investment Management Inc. boosted its position in shares of AutoZone by 69.7% in the first quarter. First Republic Investment Management Inc. now owns 874 shares of the company’s stock valued at $695,000 after buying an additional 359 shares during the period. Boothbay Fund Management LLC boosted its position in shares of AutoZone by 17.4% in the first quarter. Boothbay Fund Management LLC now owns 1,039 shares of the company’s stock valued at $828,000 after buying an additional 154 shares during the period. DNB Asset Management AS boosted its position in shares of AutoZone by 0.9% in the second quarter. DNB Asset Management AS now owns 11,776 shares of the company’s stock valued at $9,348,000 after buying an additional 100 shares during the period. Finally, Exxonmobil Investment Management Inc. TX boosted its position in shares of AutoZone by 5.1% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 7,729 shares of the company’s stock valued at $6,136,000 after buying an additional 374 shares during the period. Hedge funds and other institutional investors own 97.32% of the company’s stock.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

AutoZone Inc. (NYSE:AZO) traded down 2.31% on Friday, hitting $755.24. 271,150 shares of the company’s stock were exchanged. AutoZone Inc. has a 52-week low of $681.01 and a 52-week high of $819.54. The stock has a market cap of $21.80 billion, a P/E ratio of 18.56 and a beta of 0.61. The firm has a 50 day moving average price of $751.68 and a 200-day moving average price of $768.23.

AutoZone (NYSE:AZO) last issued its earnings results on Thursday, September 22nd. The company reported $14.30 EPS for the quarter, topping the consensus estimate of $14.25 by $0.05. AutoZone had a net margin of 11.67% and a negative return on equity of 69.23%. The company had revenue of $3.40 billion for the quarter. During the same period in the previous year, the firm earned $12.75 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts predict that AutoZone Inc. will post $45.44 earnings per share for the current fiscal year.

AZO has been the subject of several recent research reports. Zacks Investment Research cut shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Morgan Stanley set a $820.00 price objective on shares of AutoZone and gave the company a “hold” rating in a research note on Thursday, August 11th. Citigroup Inc. reaffirmed a “buy” rating on shares of AutoZone in a research note on Thursday, August 25th. Susquehanna began coverage on shares of AutoZone in a research note on Thursday, August 25th. They issued a “neutral” rating and a $810.00 price objective on the stock. Finally, Credit Suisse Group AG set a $870.00 price objective on shares of AutoZone and gave the company a “buy” rating in a research note on Saturday, September 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $855.13.

AutoZone Company Profile

AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).

5 Day Chart for NYSE:AZO

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