Diversified Trust Co Sells 970 Shares of AutoZone, Inc. (NYSE:AZO)

Diversified Trust Co trimmed its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 19.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,077 shares of the company's stock after selling 970 shares during the quarter. Diversified Trust Co's holdings in AutoZone were worth $15,545,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AZO. Headlands Technologies LLC purchased a new position in shares of AutoZone during the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC purchased a new position in AutoZone during the 4th quarter valued at approximately $32,000. Harbour Investments Inc. grew its holdings in AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares in the last quarter. Minot DeBlois Advisors LLC bought a new stake in AutoZone in the 4th quarter worth approximately $45,000. Finally, Itau Unibanco Holding S.A. raised its holdings in shares of AutoZone by 750.0% during the 4th quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock worth $54,000 after acquiring an additional 15 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AutoZone

In other news, VP Domingo Hurtado sold 4,800 shares of the stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the transaction, the vice president now owns 159 shares of the company's stock, valued at approximately $581,940. This represents a 96.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP K. Michelle Borninkhof sold 750 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $3,597.13, for a total value of $2,697,847.50. Following the transaction, the senior vice president now owns 406 shares in the company, valued at approximately $1,460,434.78. This represents a 64.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,662 shares of company stock worth $131,999,089 in the last 90 days. 2.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AZO has been the subject of a number of recent research reports. Guggenheim raised their target price on shares of AutoZone from $3,850.00 to $4,100.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Roth Mkm lifted their price objective on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. UBS Group boosted their target price on shares of AutoZone from $4,025.00 to $4,260.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Argus cut shares of AutoZone from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets reiterated 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. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, AutoZone has a consensus rating of "Buy" and an average target price of $4,072.24.

AutoZone Stock Up 0.9%

Shares of AutoZone stock opened at $3,520.48 on Friday. The stock's fifty day moving average is $3,694.65 and its two-hundred day moving average is $3,530.39. AutoZone, Inc. has a 52 week low of $2,801.49 and a 52 week high of $3,916.81. The company has a market capitalization of $59.07 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 2.09 and a beta of 0.40.

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

About AutoZone

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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