Tealwood Asset Management Inc. Has $1.61 Million Stake in AutoZone, Inc. (AZO)

Tealwood Asset Management Inc. grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,266 shares of the company’s stock after acquiring an additional 162 shares during the quarter. Tealwood Asset Management Inc.’s holdings in AutoZone were worth $1,612,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in AZO. State of Alaska Department of Revenue lifted its holdings in AutoZone by 107.4% in the fourth quarter. State of Alaska Department of Revenue now owns 3,708 shares of the company’s stock worth $2,636,000 after purchasing an additional 1,920 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in AutoZone by 5.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 97,347 shares of the company’s stock worth $69,250,000 after purchasing an additional 4,812 shares during the period. Koshinski Asset Management Inc. acquired a new stake in AutoZone in the fourth quarter worth about $908,000. Marathon Asset Management LLP lifted its holdings in AutoZone by 1.1% in the fourth quarter. Marathon Asset Management LLP now owns 27,773 shares of the company’s stock worth $19,757,000 after purchasing an additional 300 shares during the period. Finally, Creative Planning lifted its holdings in AutoZone by 5.0% in the fourth quarter. Creative Planning now owns 2,044 shares of the company’s stock worth $1,454,000 after purchasing an additional 97 shares during the period. 99.35% of the stock is owned by institutional investors.

Shares of AutoZone, Inc. (AZO) traded up $9.01 during trading on Friday, reaching $793.80. 306,062 shares of the company’s stock traded hands, compared to its average volume of 463,269. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $797.89. The company has a market capitalization of $21,710.00, a PE ratio of 17.68, a PEG ratio of 1.27 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 EPS for the quarter, topping the consensus estimate of $9.90 by $0.10. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the previous year, the business earned $9.36 earnings per share. AutoZone’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities research analysts anticipate that AutoZone, Inc. will post 47.25 EPS for the current fiscal year.

Several research firms recently weighed in on AZO. Jefferies Group reaffirmed a “hold” rating and issued a $720.00 price objective on shares of AutoZone in a report on Wednesday, December 6th. Barclays upped their price objective on shares of AutoZone from $710.00 to $800.00 in a report on Thursday, December 7th. Royal Bank of Canada upped their price objective on shares of AutoZone and gave the stock a “sector perform” rating in a report on Wednesday, December 6th. Moffett Nathanson began coverage on shares of AutoZone in a report on Monday, December 4th. They issued a “neutral” rating for the company. Finally, UBS Group reaffirmed a “buy” rating and issued a $750.00 price objective (down previously from $810.00) on shares of AutoZone in a report on Wednesday, December 6th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $734.56.

In other AutoZone news, insider Albert Saltiel sold 2,150 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $703.09, for a total value of $1,511,643.50. Following the sale, the insider now directly owns 2,276 shares in the company, valued at $1,600,232.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James C. Griffith sold 3,623 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $698.17, for a total transaction of $2,529,469.91. Following the completion of the sale, the insider now owns 2,016 shares in the company, valued at $1,407,510.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,460 shares of company stock worth $68,105,451. 2.60% of the stock is owned by company insiders.

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AutoZone 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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