National Pension Service grew its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,654 shares of the company’s stock after purchasing an additional 2,553 shares during the quarter. National Pension Service’s holdings in AutoZone were worth $23,229,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. BerganKDV Wealth Management LLC increased its position in shares of AutoZone by 8.6% during the 4th quarter. BerganKDV Wealth Management LLC now owns 1,344 shares of the company’s stock valued at $956,000 after purchasing an additional 107 shares during the last quarter. CWM LLC increased its position in shares of AutoZone by 41.8% during the 4th quarter. CWM LLC now owns 312 shares of the company’s stock valued at $222,000 after purchasing an additional 92 shares during the last quarter. AXA increased its position in shares of AutoZone by 0.8% during the 3rd quarter. AXA now owns 38,237 shares of the company’s stock valued at $22,755,000 after purchasing an additional 300 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in shares of AutoZone by 0.3% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 592,020 shares of the company’s stock valued at $352,317,000 after purchasing an additional 1,888 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of AutoZone by 3.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 45,781 shares of the company’s stock valued at $27,245,000 after purchasing an additional 1,483 shares during the last quarter. 99.35% of the stock is owned by hedge funds and other institutional investors.

In other AutoZone news, insider James C. Griffith sold 3,623 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $698.17, for a total value of $2,529,469.91. Following the completion of the transaction, the insider now owns 2,016 shares in the company, valued at approximately $1,407,510.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Charles Pleas III sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $700.00, for a total value of $7,000,000.00. Following the completion of the transaction, the vice president now owns 14,377 shares of the company’s stock, valued at approximately $10,063,900. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,460 shares of company stock valued at $68,105,451. 2.60% of the stock is owned by corporate insiders.

AutoZone, Inc. (NYSE:AZO) opened at $793.80 on Friday. The company has a debt-to-equity ratio of -3.27, a quick ratio of 0.14 and a current ratio of 0.93. The firm has a market capitalization of $21,466.38, a price-to-earnings ratio of 17.72, a PEG ratio of 1.25 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $797.89.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, topping the consensus estimate of $9.90 by $0.10. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.54 billion. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.36 EPS. research analysts forecast that AutoZone, Inc. will post 47.79 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the company. Jefferies Group reaffirmed a “hold” rating and set a $720.00 target price on shares of AutoZone in a research report on Wednesday, December 6th. Barclays raised their target price on AutoZone from $710.00 to $800.00 in a research report on Thursday, December 7th. Royal Bank of Canada raised their target price on AutoZone and gave the company a “sector perform” rating in a research report on Wednesday, December 6th. Moffett Nathanson assumed coverage on AutoZone in a research report on Monday, December 4th. They set a “neutral” rating for the company. Finally, Deutsche Bank raised their target price on AutoZone from $625.00 to $700.00 in a research report on Thursday, December 7th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $734.56.

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AutoZone Company Profile

Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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