Mount Yale Investment Advisors LLC Sells 20 Shares of AutoZone, Inc. (NYSE:AZO)

Mount Yale Investment Advisors LLC cut its holdings in AutoZone, Inc. (NYSE:AZO) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 331 shares of the company’s stock after selling 20 shares during the period. Mount Yale Investment Advisors LLC’s holdings in AutoZone were worth $1,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC boosted its holdings in shares of AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after buying an additional 993,139 shares during the last quarter. PineStone Asset Management Inc. grew its position in shares of AutoZone by 137.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock valued at $918,998,000 after acquiring an additional 179,543 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of AutoZone during the 2nd quarter valued at approximately $424,000. Captrust Financial Advisors raised its holdings in shares of AutoZone by 564.2% in the 1st quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock worth $479,338,000 after purchasing an additional 129,193 shares during the period. Finally, Baillie Gifford & Co. lifted its stake in AutoZone by 2,714.8% in the second quarter. Baillie Gifford & Co. now owns 120,194 shares of the company’s stock valued at $356,267,000 after purchasing an additional 115,924 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Trading Down 0.7 %

Shares of NYSE AZO opened at $3,130.96 on Friday. The business has a 50-day moving average of $3,134.60 and a 200-day moving average of $3,010.14. The firm has a market capitalization of $53.49 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.59 and a beta of 0.70. AutoZone, Inc. has a 12 month low of $2,425.00 and a 12 month high of $3,256.37.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The company had revenue of $6.21 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same period in the prior year, the firm earned $46.46 EPS. AutoZone’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts predict that AutoZone, Inc. will post 157.99 earnings per share for the current year.

Analyst Ratings Changes

AZO has been the topic of several research reports. DA Davidson restated a “neutral” rating and issued a $3,025.00 target price on shares of AutoZone in a research note on Monday, September 30th. Roth Mkm reaffirmed a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a report on Wednesday, October 16th. The Goldman Sachs Group downgraded shares of AutoZone from a “buy” rating to a “sell” rating and reduced their target price for the stock from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. Mizuho upped their price target on shares of AutoZone from $3,280.00 to $3,350.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Finally, Wedbush reiterated an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $3,202.71.

Insider Buying and Selling at AutoZone

In other news, Chairman William C. Rhodes III sold 300 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the transaction, the chairman now directly owns 13,857 shares in the company, valued at approximately $42,613,046.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the transaction, the vice president now directly owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman William C. Rhodes III sold 300 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total value of $922,560.00. Following the completion of the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $42,613,046.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock worth $46,225,660 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.

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.