Mandatum Life Insurance Co Ltd Continues to Hold Stake in AutoZone, Inc. (AZO)

Mandatum Life Insurance Co Ltd maintained its position in AutoZone, Inc. (NYSE:AZO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 539 shares of the company’s stock at the end of the second quarter. Mandatum Life Insurance Co Ltd’s holdings in AutoZone were worth $307,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. increased its position in AutoZone by 2.7% in the second quarter. Winslow Evans & Crocker Inc. now owns 5,016 shares of the company’s stock worth $2,890,000 after buying an additional 130 shares during the period. CENTRAL TRUST Co increased its stake in shares of AutoZone by 2,133.8% in the second quarter. CENTRAL TRUST Co now owns 1,720 shares of the company’s stock valued at $981,000 after buying an additional 1,643 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of AutoZone by 507.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 4,648 shares of the company’s stock worth $2,651,000 after buying an additional 3,883 shares during the period. Fenimore Asset Management Inc. raised its stake in shares of AutoZone by 35.8% in the second quarter. Fenimore Asset Management Inc. now owns 93,136 shares of the company’s stock worth $53,130,000 after buying an additional 24,542 shares during the period. Finally, National Pension Service raised its stake in shares of AutoZone by 10.5% in the second quarter. National Pension Service now owns 28,910 shares of the company’s stock worth $16,180,000 after buying an additional 2,749 shares during the period. Institutional investors own 96.85% of the company’s stock.

Shares of AutoZone, Inc. (NYSE:AZO) traded down 0.40% on Friday, hitting $526.92. The stock had a trading volume of 680,122 shares. The firm has a 50 day moving average price of $546.08 and a 200 day moving average price of $666.64. AutoZone, Inc. has a one year low of $491.13 and a one year high of $817.74. The company has a market capitalization of $14.77 billion, a P/E ratio of 12.17 and a beta of 0.62.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, May 23rd. The company reported $11.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.00 by $0.56. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $10.77 earnings per share. On average, equities research analysts predict that AutoZone, Inc. will post $43.98 earnings per share for the current fiscal year.

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AZO has been the subject of a number of recent analyst reports. Oppenheimer Holdings, Inc. set a $900.00 price objective on AutoZone and gave the company a “buy” rating in a research note on Tuesday, May 23rd. Cleveland Research lowered AutoZone from a “buy” rating to a “neutral” rating in a research report on Monday, April 3rd. ValuEngine upgraded AutoZone from a “hold” rating to a “buy” rating in a research report on Wednesday, May 24th. Deutsche Bank AG decreased their target price on AutoZone from $800.00 to $650.00 and set a “hold” rating for the company in a research report on Thursday, May 25th. Finally, Citigroup Inc. reduced their price objective on AutoZone from $920.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $775.91.

In related news, VP William T. Giles sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total value of $5,811,000.00. Following the sale, the vice president now owns 18,500 shares of the company’s stock, valued at $10,750,350. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William Andrew Mckenna bought 300 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The stock was purchased at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the acquisition, the director now owns 5,131 shares of the company’s stock, valued at $2,601,417. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

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.