Birinyi Associates Inc Lowers stake in AutoZone (AZO)

AutoZone (AZO) : Birinyi Associates Inc reduced its stake in AutoZone by 1.47% during the most recent quarter end. The investment management company now holds a total of 3,350 shares of AutoZone which is valued at $2,666,131 after selling 50 shares in AutoZone , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.AutoZone makes up approximately 1.10% of Birinyi Associates Inc’s portfolio.

Other Hedge Funds, Including , Marco Investment Management reduced its stake in AZO by selling 50 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 1,905 shares of AZO which is valued at $1,516,113. AutoZone makes up approx 0.22% of Marco Investment Management’s portfolio. Airain Ltd sold out all of its stake in AZO during the most recent quarter. The investment firm sold 1,643 shares of AZO which is valued $1,324,734.First Midwest Bank Trust Division reduced its stake in AZO by selling 40 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 1,220 shares of AZO which is valued at $964,190. AutoZone makes up approx 0.12% of First Midwest Bank Trust Division’s portfolio.First National Bank Of Omaha reduced its stake in AZO by selling 17 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 835 shares of AZO which is valued at $668,033. AutoZone makes up approx 0.05% of First National Bank Of Omaha’s portfolio.Nisa Investment Advisors boosted its stake in AZO in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 7,927 shares of AutoZone which is valued at $6,312,904. AutoZone makes up approx 0.08% of Nisa Investment Advisors’s portfolio.

AutoZone opened for trading at $788.47 and hit $794 on the upside on Friday, eventually ending the session at $793.9, with a gain of 0.70% or 5.54 points. The heightened volatility saw the trading volume jump to 1,82,295 shares. Company has a market cap of $23,207 M.

On the company’s financial health, AutoZone reported $10.77 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on May 24, 2016. Analyst had a consensus of $10.92. The company had revenue of $2593.70 million for the quarter, compared to analysts expectations of $2645.31 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.57 EPS.

AutoZone Inc. (AutoZone) is a retailer and a distributor of automotive replacement parts and accessories in the United States. The Company’s segments include Auto Parts Stores and Other. The Company’s Auto Parts Stores segment includes Domestic Auto Parts Mexico Brazil and Interamerican Motor Corporation (IMC). The Company’s Other segment includes business activities of ALLDATA E-commerce and AutoAnything. The ALLDATA produces sells and maintains diagnostic and repair information software used in the automotive repair industry. The e-commerce includes direct sales to customers through www.autozone.com. The AutoAnything includes direct sales to customers through www.autoanything.com. The Company operates approximately 5069 AutoZone stores in the United States including stores in Puerto Rico Mexico Brazil and IMC branches. IMC branches carry a line of original equipment import replacement parts.

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