Mogy Joel R Investment Counsel Inc Lowers stake in AutoZone (AZO)

AutoZone (AZO) : Mogy Joel R Investment Counsel Inc reduced its stake in AutoZone by 0.2% during the most recent quarter end. The investment management company now holds a total of 12,315 shares of AutoZone which is valued at $9,912,467 after selling 25 shares in AutoZone , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.AutoZone makes up approximately 1.79% of Mogy Joel R Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities reduced its stake in AZO by selling 1,494 shares or 45.37% in the most recent quarter. The Hedge Fund company now holds 1,799 shares of AZO which is valued at $1,448,033. AutoZone makes up approx 0.01% of Sg Americas Securities’s portfolio.Kirr Marbach Co In reduced its stake in AZO by selling 265 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 21,097 shares of AZO which is valued at $16,673,381. AutoZone makes up approx 3.35% of Kirr Marbach Co In’s portfolio.Eagle Asset Management Inc reduced its stake in AZO by selling 607 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 30,704 shares of AZO which is valued at $24,564,428. AutoZone makes up approx 0.16% of Eagle Asset Management Inc’s portfolio.

AutoZone closed down -5.03 points or -0.62% at $801.26 with 1,14,981 shares getting traded on Monday. Post opening the session at $808.32, the shares hit an intraday low of $800.04 and an intraday high of $808.88 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.

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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