Toronto Dominion Bank boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 52.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,747 shares of the company’s stock after acquiring an additional 4,388 shares during the quarter. Toronto Dominion Bank’s holdings in AutoZone were worth $7,273,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of AutoZone by 2,993.2% in the first quarter. BlackRock Inc. now owns 2,029,985 shares of the company’s stock valued at $1,467,778,000 after buying an additional 1,964,358 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of AutoZone by 59.7% in the second quarter. JPMorgan Chase & Co. now owns 1,018,416 shares of the company’s stock valued at $580,966,000 after buying an additional 380,824 shares in the last quarter. Nordea Investment Management AB increased its position in shares of AutoZone by 44.9% in the second quarter. Nordea Investment Management AB now owns 1,027,095 shares of the company’s stock valued at $585,917,000 after buying an additional 318,188 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of AutoZone in the second quarter valued at $297,000. Finally, CI Global Investments Inc. increased its position in shares of AutoZone by 437.2% in the second quarter. CI Global Investments Inc. now owns 321,207 shares of the company’s stock valued at $183,236,000 after buying an additional 261,417 shares in the last quarter. Hedge funds and other institutional investors own 97.88% of the company’s stock.
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AutoZone, Inc. (NYSE:AZO) traded down 1.61% during trading on Friday, hitting $581.35. The stock had a trading volume of 78,165 shares. The firm’s 50 day moving average is $578.86 and its 200 day moving average is $588.33. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $813.70. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 13.19 and a beta of 0.64.
AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, beating analysts’ consensus estimates of $15.11 by $0.07. The firm had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter last year, the firm earned $14.30 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that AutoZone, Inc. will post $46.94 earnings per share for the current year.
AZO has been the subject of a number of research analyst reports. Bank of America Corporation restated a “buy” rating and issued a $625.00 price target on shares of AutoZone in a research report on Tuesday, September 5th. Zacks Investment Research upgraded AutoZone from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Barclays PLC dropped their price target on AutoZone from $870.00 to $710.00 and set an “overweight” rating for the company in a research report on Thursday, July 6th. Wolfe Research lowered AutoZone from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Finally, BidaskClub raised AutoZone from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $721.60.
In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $584.96, for a total value of $1,754,880.00. Following the transaction, the director now owns 8,131 shares in the company, valued at $4,756,309.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% 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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