Cetera Investment Advisers Increases Holdings in AutoZone, Inc. (NYSE:AZO)

Cetera Investment Advisers lifted its holdings in AutoZone, Inc. (NYSE:AZO) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,162 shares of the company’s stock after acquiring an additional 6 shares during the period. Cetera Investment Advisers’ holdings in AutoZone were worth $13,325,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Pittenger & Anderson Inc. grew its holdings in AutoZone by 5.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock valued at $195,000 after buying an additional 3 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its stake in AutoZone by 2.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company’s stock valued at $487,000 after acquiring an additional 3 shares in the last quarter. PDS Planning Inc increased its holdings in AutoZone by 2.3% in the 4th quarter. PDS Planning Inc now owns 132 shares of the company’s stock valued at $423,000 after acquiring an additional 3 shares during the last quarter. Harbour Investments Inc. lifted its stake in AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after purchasing an additional 3 shares in the last quarter. Finally, Meeder Advisory Services Inc. boosted its holdings in shares of AutoZone by 0.8% during the 4th quarter. Meeder Advisory Services Inc. now owns 371 shares of the company’s stock valued at $1,188,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insiders Place Their Bets

In other news, VP Domingo Hurtado sold 4,800 shares of the firm’s stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the sale, the vice president now directly owns 159 shares in the company, valued at approximately $581,940. This trade represents a 96.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Dennis W. Leriche sold 1,575 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the transaction, the vice president now owns 417 shares of the company’s stock, valued at approximately $1,501,200. This trade represents a 79.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,521 shares of company stock worth $42,177,331 over the last 90 days. Company insiders own 2.10% of the company’s stock.

AutoZone Stock Down 0.4 %

Shares of NYSE AZO opened at $3,658.70 on Friday. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,916.81. The business has a fifty day simple moving average of $3,649.54 and a two-hundred day simple moving average of $3,399.65. The firm has a market cap of $61.40 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. On average, research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analyst Weigh In

AZO has been the topic of several research reports. BMO Capital Markets boosted their target price on AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Truist Financial increased their target price on AutoZone from $3,841.00 to $3,995.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Roth Capital set a $3,763.00 price target on shares of AutoZone in a research report on Wednesday, March 5th. Morgan Stanley increased their price objective on shares of AutoZone from $3,490.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Finally, Argus downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $3,821.91.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.