Bank of Hawaii Has $641,000 Stock Holdings in AutoZone, Inc. $AZO

Key Points

• Bank of Hawaii reduced its stake in AutoZone, Inc. by 32.8% during the first quarter, now holding 168 shares valued at $641,000.
• Several large investors have increased their holdings significantly, with GAMMA Investing LLC enhancing its stake by an enormous 435,031.1%.
• CFO Jamere Jackson sold 2,612 shares for about $9.7 million, marking an 85.95% reduction in his ownership, while a total of 33,862 shares were sold by insiders valued at over $126 million in the last quarter.

Bank of Hawaii trimmed its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 32.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168 shares of the company's stock after selling 82 shares during the quarter. Bank of Hawaii's holdings in AutoZone were worth $641,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of AutoZone by 435,031.1% in the first quarter. GAMMA Investing LLC now owns 770,182 shares of the company's stock worth $2,936,535,000 after purchasing an additional 770,005 shares during the last quarter. Nuveen LLC acquired a new position in AutoZone during the 1st quarter worth about $442,530,000. JPMorgan Chase & Co. grew its position in shares of AutoZone by 7.5% in the 1st quarter. JPMorgan Chase & Co. now owns 936,401 shares of the company's stock valued at $3,570,296,000 after buying an additional 65,368 shares during the last quarter. Northern Trust Corp grew its position in shares of AutoZone by 22.0% in the 4th quarter. Northern Trust Corp now owns 204,748 shares of the company's stock valued at $655,603,000 after buying an additional 36,916 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of AutoZone in the fourth quarter valued at about $95,480,000. Institutional investors own 92.74% of the company's stock.

Insider Transactions at AutoZone

In other news, CFO Jamere Jackson sold 2,612 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $3,728.05, for a total transaction of $9,737,666.60. Following the completion of the sale, the chief financial officer owned 427 shares in the company, valued at $1,591,877.35. The trade was a 85.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Richard Craig Smith sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $3,875.90, for a total value of $11,627,700.00. Following the transaction, the vice president directly owned 2,925 shares in the company, valued at $11,337,007.50. The trade was a 50.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,862 shares of company stock valued at $126,058,789. 2.10% of the stock is currently owned by corporate insiders.

AutoZone Stock Down 0.6%

AutoZone stock opened at $4,104.35 on Monday. The company has a market capitalization of $68.87 billion, a PE ratio of 27.78, a PEG ratio of 2.45 and a beta of 0.38. AutoZone, Inc. has a 12-month low of $2,898.57 and a 12-month high of $4,187.39. The firm's fifty day moving average is $3,809.57 and its 200 day moving average is $3,694.02.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 earnings per share for the quarter, missing the consensus estimate of $37.07 by ($1.71). AutoZone had a net margin of 13.56% and a negative return on equity of 56.07%. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same period last year, the firm posted $36.69 earnings per share. The company's revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Ratings Changes

AZO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on AutoZone from $3,830.00 to $4,350.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. BMO Capital Markets restated an "outperform" rating and issued a $4,100.00 price target (up previously from $3,850.00) on shares of AutoZone in a research report on Wednesday, May 28th. DA Davidson upped their price objective on shares of AutoZone from $4,192.00 to $4,850.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Oppenheimer raised shares of AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 target price for the company in a research note on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of AutoZone from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $4,101.29.

AutoZone 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.

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