British Airways Pensions Investment Management Ltd buys $26,823,461 stake in AutoZone (AZO)

AutoZone (AZO) : British Airways Pensions Investment Management Ltd scooped up 3,560 additional shares in AutoZone during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 33,940 shares of AutoZone which is valued at $26,823,461.AutoZone makes up approximately 0.79% of British Airways Pensions Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Candriam Luxembourg S.c.a. reduced its stake in AZO by selling 4,474 shares or 79.54% in the most recent quarter. The Hedge Fund company now holds 1,151 shares of AZO which is valued at $909,658. AutoZone makes up approx 0.02% of Candriam Luxembourg S.c.a.’s portfolio. Cibc World Markets sold out all of its stake in AZO during the most recent quarter. The investment firm sold 5,566 shares of AZO which is valued $4,422,354.British Columbia Investment Management Corp reduced its stake in AZO by selling 156 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 19,492 shares of AZO which is valued at $15,886,370. AutoZone makes up approx 0.14% of British Columbia Investment Management Corp’s portfolio.

AutoZone closed down -2.01 points or -0.25% at $813.97 with 2,21,898 shares getting traded on Friday. Post opening the session at $816, the shares hit an intraday low of $810 and an intraday high of $816.52 and the price fluctuated in this range throughout the day.Shares ended Friday 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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