Coastline Trust Co trimmed its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 8.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 980 shares of the company’s stock after selling 90 shares during the quarter. Coastline Trust Co’s holdings in AutoZone were worth $1,154,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Strategy Asset Managers LLC boosted its holdings in AutoZone by 1.9% during the second quarter. Strategy Asset Managers LLC now owns 545 shares of the company’s stock valued at $614,000 after acquiring an additional 10 shares during the period. CX Institutional boosted its holdings in AutoZone by 13.2% during the second quarter. CX Institutional now owns 103 shares of the company’s stock valued at $116,000 after acquiring an additional 12 shares during the period. CIBC Asset Management Inc boosted its holdings in AutoZone by 0.6% during the second quarter. CIBC Asset Management Inc now owns 2,116 shares of the company’s stock valued at $2,387,000 after acquiring an additional 13 shares during the period. Profund Advisors LLC boosted its holdings in AutoZone by 2.6% during the second quarter. Profund Advisors LLC now owns 587 shares of the company’s stock valued at $662,000 after acquiring an additional 15 shares during the period. Finally, Motley Fool Asset Management LLC boosted its holdings in AutoZone by 3.4% during the second quarter. Motley Fool Asset Management LLC now owns 453 shares of the company’s stock valued at $511,000 after acquiring an additional 15 shares during the period. 88.62% of the stock is currently owned by hedge funds and other institutional investors.

AZO has been the subject of a number of recent analyst reports. Raymond James upgraded shares of AutoZone from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $1,500.00 to $1,565.00 in a report on Wednesday. Atlantic Securities upgraded shares of AutoZone from a “neutral” rating to an “overweight” rating and set a $1,425.00 price target for the company in a report on Tuesday, September 8th. Exane BNP Paribas assumed coverage on shares of AutoZone in a research note on Monday, October 5th. They issued an “outperform” rating and a $1,570.00 target price for the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $1,375.00 target price (up previously from $1,300.00) on shares of AutoZone in a research note on Monday, September 14th. Finally, DA Davidson assumed coverage on shares of AutoZone in a research note on Friday, August 14th. They issued a “buy” rating and a $1,380.00 target price for the company. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $1,331.65.

Shares of AZO opened at $1,193.38 on Friday. The stock has a market cap of $27.87 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.63 and a beta of 0.92. AutoZone, Inc. has a 12 month low of $684.91 and a 12 month high of $1,274.41. The company has a 50-day moving average price of $1,186.02 and a two-hundred day moving average price of $1,111.96.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, September 22nd. The company reported $30.93 EPS for the quarter, topping analysts’ consensus estimates of $24.74 by $6.19. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $3.87 billion. AutoZone had a net margin of 13.72% and a negative return on equity of 115.57%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. On average, analysts expect that AutoZone, Inc. will post 74.08 earnings per share for the current fiscal year.

In other news, VP Charles Pleas III sold 7,600 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $1,180.00, for a total transaction of $8,968,000.00. Following the completion of the sale, the vice president now owns 11,970 shares of the company’s stock, valued at $14,124,600. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Albert Saltiel sold 5,200 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $1,195.00, for a total transaction of $6,214,000.00. Following the sale, the vice president now directly owns 5,386 shares of the company’s stock, valued at approximately $6,436,270. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

About AutoZone

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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