Zions Bancorporation N.A. Sells 5 Shares of AutoZone, Inc. (NYSE:AZO)

Zions Bancorporation N.A. lowered its stake in shares of AutoZone, Inc. (NYSE:AZO) by 31.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11 shares of the company’s stock after selling 5 shares during the quarter. Zions Bancorporation N.A.’s holdings in AutoZone were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in shares of AutoZone by 18.1% in the third quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock valued at $141,717,000 after purchasing an additional 6,898 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of AutoZone by 29.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock valued at $111,455,000 after buying an additional 7,922 shares during the period. Silverleafe Capital Partners LLC raised its position in shares of AutoZone by 1.0% during the fourth quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock worth $8,460,000 after acquiring an additional 26 shares during the last quarter. Pensionfund Sabic lifted its stake in shares of AutoZone by 51.3% during the fourth quarter. Pensionfund Sabic now owns 590 shares of the company’s stock valued at $1,889,000 after acquiring an additional 200 shares during the period. Finally, Fisher Asset Management LLC bought a new position in AutoZone in the fourth quarter valued at about $228,000. 92.74% of the stock is owned by institutional investors.

AutoZone Price Performance

AZO stock opened at $3,825.31 on Friday. The business has a 50-day moving average of $3,472.82 and a 200-day moving average of $3,273.98. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,860.85. The stock has a market capitalization of $64.20 billion, a P/E ratio of 25.56, a P/E/G ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. Equities analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

Insider Activity at AutoZone

In related news, VP Richard Craig Smith sold 2,850 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the sale, the vice president now owns 2,924 shares in the company, valued at approximately $10,555,640. This represents a 49.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Dennis W. Leriche sold 1,575 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the transaction, the vice president now owns 417 shares of the company’s stock, valued at approximately $1,501,200. This represents a 79.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,721 shares of company stock valued at $17,009,311. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Roth Mkm boosted their price objective on AutoZone from $3,634.00 to $3,763.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price target on shares of AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Bank of America raised their price objective on shares of AutoZone from $3,600.00 to $3,700.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. Evercore ISI upped their target price on shares of AutoZone from $3,525.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Finally, Raymond James reissued a “strong-buy” rating on shares of AutoZone in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $3,683.36.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.