Evercore Wealth Management buys $65,193,685 stake in AutoZone (AZO)

AutoZone (AZO) : Evercore Wealth Management scooped up 414 additional shares in AutoZone during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 80,995 shares of AutoZone which is valued at $65,193,685.AutoZone makes up approximately 2.81% of Evercore Wealth Management’s portfolio.

Other Hedge Funds, Including , Huntington National Bank reduced its stake in AZO by selling 6 shares or 0.88% in the most recent quarter. The Hedge Fund company now holds 678 shares of AZO which is valued at $535,837. AutoZone makes up approx 0.01% of Huntington National Bank’s portfolio.Parkwood reduced its stake in AZO by selling 105 shares or 9.6% in the most recent quarter. The Hedge Fund company now holds 989 shares of AZO which is valued at $785,790. AutoZone makes up approx 0.13% of Parkwood’s portfolio. Old Mutual Global Investors (uk) Ltd. sold out all of its stake in AZO during the most recent quarter. The investment firm sold 2,402 shares of AZO which is valued $1,908,461.Capstone Asset Management Co boosted its stake in AZO in the latest quarter, The investment management firm added 229 additional shares and now holds a total of 3,411 shares of AutoZone which is valued at $2,733,268. AutoZone makes up approx 0.08% of Capstone Asset Management Co’s portfolio.

AutoZone opened for trading at $802.72 and hit $809.99 on the upside on Thursday, eventually ending the session at $808.24, with a gain of 0.41% or 3.33 points. The heightened volatility saw the trading volume jump to 85,929 shares. Company has a market cap of $23,626 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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