Fulton Bank N.A. Has $1.31 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

Fulton Bank N.A. lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 59.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 343 shares of the company's stock after buying an additional 128 shares during the period. Fulton Bank N.A.'s holdings in AutoZone were worth $1,308,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, VP Dennis W. Leriche sold 1,575 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the completion of the sale, the vice president now directly owns 417 shares of the company's stock, valued at $1,501,200. This represents a 79.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Richard Craig Smith sold 2,850 shares of the business's stock in a transaction that occurred 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 sale, the vice president now owns 2,924 shares in the company, valued at $10,555,640. This represents a 49.36% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,973 shares of company stock worth $51,346,997. Corporate insiders own 2.10% of the company's stock.

AutoZone Price Performance

Shares of AZO traded up $3.42 during midday trading on Thursday, reaching $3,720.46. The stock had a trading volume of 84,511 shares, compared to its average volume of 129,236. The firm's 50 day moving average price is $3,697.68 and its 200-day moving average price is $3,479.05. AutoZone, Inc. has a 52 week low of $2,750.53 and a 52 week high of $3,916.81. The company has a market capitalization of $62.44 billion, a P/E ratio of 24.86, a P/E/G ratio of 1.86 and a beta of 0.40.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 earnings per share for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.41 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $36.69 earnings per share. On average, equities analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on AZO shares. Oppenheimer upgraded 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. Wall Street Zen raised shares of AutoZone from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Roth Mkm boosted their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Wedbush reaffirmed an "outperform" rating and set a $3,700.00 price target on shares of AutoZone in a research report on Wednesday, March 5th. Finally, DA Davidson lifted their price target on AutoZone from $4,192.00 to $4,850.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $4,054.52.

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.