CIBC World Markets Inc. Has $216,000 Stake in AutoZone, Inc. (AZO)
CIBC World Markets Inc. reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 92.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 303 shares of the company’s stock after selling 3,634 shares during the quarter. CIBC World Markets Inc.’s holdings in AutoZone were worth $216,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of AutoZone during the 3rd quarter worth $179,000. Jarislowsky Fraser Ltd acquired a new stake in shares of AutoZone during the 3rd quarter worth $202,000. Flagship Harbor Advisors LLC acquired a new stake in shares of AutoZone during the 4th quarter worth $211,000. Bfsg LLC acquired a new stake in shares of AutoZone during the 4th quarter worth $213,000. Finally, Paragon Capital Management Ltd acquired a new stake in shares of AutoZone during the 4th quarter worth $213,000. 98.02% of the stock is currently owned by institutional investors.
Shares of AutoZone, Inc. (NYSE:AZO) opened at $723.50 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27. The firm has a market capitalization of $19,789.91, a price-to-earnings ratio of 16.20, a P/E/G ratio of 1.11 and a beta of 0.74. AutoZone, Inc. has a 1 year low of $491.13 and a 1 year high of $797.89.
Several analysts have recently issued reports on AZO shares. Deutsche Bank increased their target price on AutoZone from $625.00 to $700.00 in a report on Thursday, December 7th. Jefferies Group reissued a “hold” rating and set a $720.00 target price on shares of AutoZone in a report on Wednesday, December 6th. Zacks Investment Research downgraded AutoZone from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Robert W. Baird restated a “hold” rating and set a $590.00 price objective on shares of AutoZone in a research report on Friday, October 27th. Finally, Argus upped their price objective on AutoZone from $675.00 to $875.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $747.06.
In other AutoZone news, insider James C. Griffith sold 1,250 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $794.70, for a total value of $993,375.00. Following the completion of the transaction, the insider now directly owns 1,353 shares in the company, valued at $1,075,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James C. Griffith sold 3,623 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $698.17, for a total value of $2,529,469.91. Following the completion of the transaction, the insider now owns 2,016 shares of the company’s stock, valued at $1,407,510.72. The disclosure for this sale can be found here. Insiders sold 96,710 shares of company stock valued at $69,098,826 over the last quarter. Corporate insiders own 2.80% of the company’s stock.
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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