According to the 13F filing that First Hawaiian Bank submitted with the Securities and Exchange Commission, the institution’s holdings in AutoZone, INC (NYSE: AZO) were reduced by 9.9% throughout the fourth quarter.
The institutional investor now has 1,092 shares of the company’s stock in possession after selling 120 shares during the quarter.
After the most recent accounting period, the value of First Hawaiian Bank’s holdings in AutoZone was determined to be $2,693,000.
Several other hedge funds and institutional investors have also changed the proportion of AZO shares they own.
Beacon Pointe Advisors LLC boosted its holding in AutoZone by 15.3% during the second quarter of this fiscal year. Following the acquisition of 29 more shares during the preceding quarter, Beacon Pointe Advisors LLC now holds 219 shares of the company’s stock, valued at $467,000. Wedbush Securities INC has boosted its holdings in AutoZone by 184.8% during the third quarter. Wedbush Securities INC now has 467 shares of the company’s stock, valued at $900,000, after the acquisition of an additional 303 shares during the period.
Bridgewater Associates LP purchased a new interest in AutoZone during the second quarter, valued at around $6,360,000. Calamos Advisors LLC invested roughly $7,775,000 in purchasing a new holding in AutoZone during the third quarter of 2018.
Last but not least, during the third quarter, ExodusPoint Capital Management LP added 162.4 percent to its stock in AutoZone.
After making further purchases during the time frame in question, ExodusPoint Capital Management LP now holds 1,249 shares of the company’s stock, currently valued at $2,675,000.
The company’s stock is owned collectively by hedge funds and other institutional investors to 91.12%.
AZO has been mentioned multiple times in various analyst publications.
MKM Partners boosted their price objective on AutoZone stock from $2,350.00 to $2,650.00 and gave the stock a “buy” rating in a research report published on Wednesday, December 7. UBS Group increased their price target on AutoZone stock from $2,260.00 to $2,540.00 in a report released on Wednesday, December 7.
They also accorded the company a “neutral” rating. Guggenheim upgraded AutoZone from a “neutral” rating to a “buy” rating, and a price objective of $2,735.00 was established for the company in a research report published on Monday, January 9. Raymond James increased their price target on AutoZone from $2,600.00 to $2,650.00, giving the company an “outperform” rating in a research note published on Wednesday, March 1.
DA Davidson increased their price target on AutoZone from $1,950.00 to $2,360.00 in a research report released on Wednesday, December 7. One investment analyst recommends that investors sell the stock, two recommend that they keep it, and seventeen recommend that investors buy it.
The current average rating for AutoZone is “Moderate Buy,” The consensus price target is $2,652.76 per share, as shown by data provided by Bloomberg.
The NYSE AZO started the trading day on Tuesday at $2,391.17.
The company’s simple moving average for the past 50 days is $2,451.01, and the simple moving average for the past 200 days is $2,390.04.
The company’s stock has a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.62, and a beta value of 0.69.
The market capitalization of the company’s stock is $44.88 billion.
AutoZone, INC had a 52-week low of $1,703.32 and a 52-week high of $2,610.05 during the year.
The most recent quarterly earnings report for AutoZone (NYSE: AZO) was published on February 28.
The company announced earnings per share of $24.64 for the quarter, which was $3.31 higher than the consensus estimate of $21.33 from industry analysts.
The actual revenue for the quarter was $3.69 billion, which is significantly more than the average expectation of $3.56 billion.
The net margin for AutoZone was 14.32%, while the company had a negative return on equity of 64.72%. Revenue for the previous quarter at AutoZone was up 9.5% compared to the previous year.
During the same quarter the previous year, the company generated $22.30 per share.
According to the findings of equity research experts, AutoZone, INC is anticipated to generate profits of 127.64 cents per share in 2018.
In other developments about AutoZone, the company’s CEO, William C. Rhodes III, sold 1,200 shares of the company’s stock on Monday, January 9.
At an average price of $2,479.29 per share, the stock generated a total revenue of $2,975,148.00.
As a result of the sale, the CEO now directly holds 3,800 shares of the company, which have a combined value of about $9,421,302.
The transaction was made public through a filing with the SEC, which may be located here. On Monday, March 6, Vice President Grant E.
Mcgee sold 1,575 shares of the company’s stock, as reported in another news piece.
The price per share of the sold stock was $2,511.63, and the total amount received from the sales was $3,955,817.25.
As a direct result of the transaction, the firm’s vice president now directly owns 246 shares of the company’s stock, which have a combined value of $617,860.98. You may learn more about the transaction through a legal filing submitted here to the Securities and Exchange Commission.
Also, on Monday, January 9, the company’s Chief Executive Officer, William C. Rhodes III, sold 1,200 shares of the company’s stock.
At an average price of $2,479.29 per share, the stock generated a total revenue of $2,975,148.00.
Because of the transaction, the CEO owns 3,800 shares, with a combined value of $9,421,302.
The disclosure for this sale can be found at this location.
Throughout the past ninety days, business insiders have sold 38,872 shares of company stock for a total value of $94,603,027, which accounts for 2.59% of the total shares outstanding.
The company known as AutoZone is both a retailer and a distributor of car parts and accessories.
ALLDATA is a software company specializing in developing, selling, and supporting automotive diagnostic and repair information software.
The company also engages in e-commerce, which includes direct sales to customers.
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