Cognios Capital buys $11,848,764 stake in AutoZone (AZO)

AutoZone (AZO) : Cognios Capital scooped up 8,336 additional shares in AutoZone during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 14,888 shares of AutoZone which is valued at $11,848,764.AutoZone makes up approximately 3.68% of Cognios Capital’s portfolio.

Other Hedge Funds, Including , Pacer Advisors boosted its stake in AZO in the latest quarter, The investment management firm added 29 additional shares and now holds a total of 506 shares of AutoZone which is valued at $402,705. AutoZone makes up approx 0.06% of Pacer Advisors’s portfolio.Cetera Advisors boosted its stake in AZO in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 4,083 shares of AutoZone which is valued at $3,249,496. AutoZone makes up approx 0.24% of Cetera Advisors’s portfolio. Herndon Capital Management added AZO to its portfolio by purchasing 3 company shares during the most recent quarter which is valued at $2,442.Highstreet Asset Management boosted its stake in AZO in the latest quarter, The investment management firm added 267 additional shares and now holds a total of 1,122 shares of AutoZone which is valued at $891,463. AutoZone makes up approx 0.30% of Highstreet Asset Management’s portfolio.Naples Global Advisors reduced its stake in AZO by selling 12 shares or 1.96% in the most recent quarter. The Hedge Fund company now holds 601 shares of AZO which is valued at $481,587. AutoZone makes up approx 0.19% of Naples Global Advisors’s portfolio.

AutoZone closed down -2.62 points or -0.35% at $750.85 with 3,64,269 shares getting traded on Monday. Post opening the session at $753.58, the shares hit an intraday low of $748.85 and an intraday high of $759.37 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Many Wall Street Analysts have commented on AutoZone. Susquehanna Initiated AutoZone on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $810.

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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