5,237 AutoZone, Inc. $AZO Shares Sold by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab reduced its holdings in AutoZone, Inc. (NYSE:AZO) by 65.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,726 shares of the company’s stock after selling 5,237 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in AutoZone were worth $7,715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AZO. Edmond DE Rothschild Holding S.A. acquired a new stake in AutoZone in the 2nd quarter worth about $29,000. Asset Dedication LLC increased its stake in shares of AutoZone by 150.0% during the 1st quarter. Asset Dedication LLC now owns 10 shares of the company’s stock valued at $34,000 after acquiring an additional 6 shares during the last quarter. Tacita Capital Inc acquired a new position in shares of AutoZone during the 2nd quarter valued at about $32,000. Burkett Financial Services LLC purchased a new position in shares of AutoZone during the 3rd quarter worth about $31,000. Finally, Heritage Family Offices LLP purchased a new position in shares of AutoZone during the 3rd quarter worth about $31,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AZO shares. TD Cowen reissued a “buy” rating on shares of AutoZone in a research report on Monday, October 26th. UBS Group set a $3,850.00 price target on shares of AutoZone in a research report on Wednesday, September 23rd. Evercore reaffirmed an “outperform” rating on shares of AutoZone in a research report on Wednesday, September 23rd. The Goldman Sachs Group cut their price target on shares of AutoZone from $4,096.00 to $3,917.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. Finally, DA Davidson decreased their price target on shares of AutoZone from $3,750.00 to $3,500.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3,674.36.

AutoZone Stock Up 0.4%

Shares of AZO traded up $11.59 during mid-day trading on Friday, reaching $3,263.78. 144,161 shares of the stock traded hands, compared to its average volume of 165,425. The firm has a market cap of $52.51 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.67 and a beta of 0.37. The stock has a fifty day simple moving average of $3,020.64 and a 200 day simple moving average of $3,243.07. AutoZone, Inc. has a 12-month low of $2,730.65 and a 12-month high of $3,996.25.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, September 22nd. The company reported $56.05 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $55.51. AutoZone had a net margin of 12.65% and a negative return on equity of 90.08%. The business had revenue of $6.59 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same period in the previous year, the company posted $48.71 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that AutoZone, Inc. will post 170.30 earnings per share for the current fiscal year.

Insider Activity at AutoZone

In other news, CFO Jamere Jackson sold 6,900 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $3,319.71, for a total transaction of $22,905,999.00. Following the completion of the transaction, the chief financial officer directly owned 496 shares in the company, valued at approximately $1,646,576.16. This represents a 93.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

About AutoZone

AutoZone is a retailer and distributor of automotive replacement parts and accessories, serving do-it-yourself customers as well as professional repair shops. Its products include new and remanufactured parts, maintenance supplies, and accessories for cars, sport utility vehicles, and light trucks. The company also offers services such as battery testing and tool-loan programs at many stores. Founded in 1979 and headquartered in Memphis, Tennessee, the company operates stores in the United States, Mexico, and Brazil.