Farmers Trust Co. Sells 1,414 Shares of AutoZone, Inc. (NYSE:AZO)

Farmers Trust Co. reduced its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 94.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78 shares of the company's stock after selling 1,414 shares during the quarter. Farmers Trust Co.'s holdings in AutoZone were worth $297,000 as of its most recent filing with the SEC.

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

AutoZone Trading Up 0.0%

Shares of AZO traded up $0.71 during mid-day trading on Tuesday, reaching $3,750.52. The company's stock had a trading volume of 95,959 shares, compared to its average volume of 131,445. The stock has a market cap of $62.94 billion, a PE ratio of 25.06, a P/E/G ratio of 1.86 and a beta of 0.44. The company's fifty day moving average price is $3,700.21 and its two-hundred day moving average price is $3,475.49. AutoZone, Inc. has a 52 week low of $2,750.53 and a 52 week high of $3,916.81.

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). The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.41 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $36.69 earnings per share. Research analysts anticipate 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 on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the completion of the sale, the vice president now directly owns 2,924 shares in the company, valued at $10,555,640. This represents a 49.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Philip B. Daniele sold 2,000 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the completion of the transaction, the chief executive officer now owns 163 shares of the company's stock, valued at $619,401.63. This trade represents a 92.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,133 shares of company stock worth $51,914,997 in the last three months. 2.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Roth Capital set a $3,763.00 target price on shares of AutoZone in a report on Wednesday, March 5th. Roth Mkm lifted their price objective on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. UBS Group raised their target price on shares of AutoZone from $4,025.00 to $4,260.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. 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. Finally, Mizuho upped their price target on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $4,054.52.

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.