Prospera Financial Services Inc reduced its stake in shares of AutoZone Inc. (NYSE:AZO) by 10.2% during the second quarter, Holdings Channel reports. The firm owned 661 shares of the company’s stock after selling 75 shares during the period. Prospera Financial Services Inc’s holdings in AutoZone were worth $525,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Prudential Financial Inc. boosted its position in shares of AutoZone by 0.9% in the first quarter. Prudential Financial Inc. now owns 38,764 shares of the company’s stock valued at $30,883,000 after buying an additional 360 shares during the period. Teachers Advisors Inc. boosted its position in shares of AutoZone by 0.3% in the first quarter. Teachers Advisors Inc. now owns 109,688 shares of the company’s stock valued at $87,387,000 after buying an additional 352 shares during the period. Parametrica Management Ltd acquired a new position in shares of AutoZone during the first quarter valued at about $237,000. Lakeview Capital Partners LLC boosted its position in shares of AutoZone by 12.2% in the first quarter. Lakeview Capital Partners LLC now owns 478 shares of the company’s stock valued at $381,000 after buying an additional 52 shares during the period. Finally, Carderock Capital Management Inc. boosted its position in shares of AutoZone by 1.0% in the first quarter. Carderock Capital Management Inc. now owns 3,092 shares of the company’s stock valued at $2,464,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 95.55% of the company’s stock.

AutoZone Inc. (NYSE:AZO) traded down 0.43% on Thursday, hitting $748.23. 1,030,135 shares of the company were exchanged. The company has a 50 day moving average price of $765.10 and a 200-day moving average price of $776.88. The stock has a market capitalization of $21.87 billion, a P/E ratio of 19.01 and a beta of 0.42. AutoZone Inc. has a 52 week low of $681.01 and a 52 week high of $819.54.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Thursday, September 22nd. The company reported $14.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $14.27 by $0.03. The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.42 billion. AutoZone had a net margin of 11.55% and a negative return on equity of 68.63%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $12.75 EPS. On average, equities analysts expect that AutoZone Inc. will post $40.74 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on AZO shares. Argus reiterated a “buy” rating and set a $875.00 price objective on shares of AutoZone in a research report on Sunday, July 10th. Morgan Stanley set a $820.00 price objective on shares of AutoZone and gave the stock a “hold” rating in a research report on Thursday, August 11th. Zacks Investment Research cut shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Citigroup Inc. reiterated a “buy” rating on shares of AutoZone in a research report on Thursday, August 25th. Finally, Susquehanna started coverage on shares of AutoZone in a research report on Thursday, August 25th. They set a “neutral” rating and a $810.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $843.39.

In other news, VP Ronald B. Griffin sold 4,830 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $804.00, for a total value of $3,883,320.00. Following the sale, the vice president now directly owns 5,044 shares of the company’s stock, valued at approximately $4,055,376. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas B. Newbern sold 16,870 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $799.82, for a total transaction of $13,492,963.40. Following the completion of the sale, the insider now directly owns 15,977 shares in the company, valued at $12,778,724.14. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

AutoZone Company Profile

AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).

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