Mutual Advisors LLC Sells 16 Shares of AutoZone, Inc. (NYSE:AZO)

Mutual Advisors LLC trimmed its stake in shares of AutoZone, Inc. (NYSE:AZOGet Rating) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 287 shares of the company’s stock after selling 16 shares during the quarter. Mutual Advisors LLC’s holdings in AutoZone were worth $615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Belmont Capital LLC bought a new stake in shares of AutoZone during the 3rd quarter valued at about $26,000. WD Rutherford LLC bought a new stake in shares of AutoZone during the 3rd quarter valued at about $32,000. MUFG Americas Holdings Corp boosted its position in shares of AutoZone by 166.7% during the 3rd quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock valued at $34,000 after acquiring an additional 10 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of AutoZone by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 17 shares of the company’s stock valued at $36,000 after acquiring an additional 10 shares during the last quarter. Finally, McIlrath & Eck LLC boosted its position in shares of AutoZone by 41.7% during the 2nd quarter. McIlrath & Eck LLC now owns 17 shares of the company’s stock valued at $37,000 after acquiring an additional 5 shares during the last quarter. Hedge funds and other institutional investors own 91.12% of the company’s stock.

AutoZone Stock Performance

AZO opened at $2,341.56 on Wednesday. AutoZone, Inc. has a 52-week low of $1,703.32 and a 52-week high of $2,610.05. The stock has a market capitalization of $43.94 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.65 and a beta of 0.76. The stock’s 50 day moving average price is $2,441.38 and its 200-day moving average price is $2,314.13.

AutoZone (NYSE:AZOGet Rating) last released its quarterly earnings results on Tuesday, December 6th. The company reported $27.45 earnings per share for the quarter, beating the consensus estimate of $25.15 by $2.30. AutoZone had a negative return on equity of 69.45% and a net margin of 14.57%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the company posted $25.69 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Research analysts forecast that AutoZone, Inc. will post 124.97 EPS for the current fiscal year.

Insider Activity at AutoZone

In related news, CEO William C. Rhodes III sold 1,200 shares of AutoZone stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $2,479.29, for a total transaction of $2,975,148.00. Following the sale, the chief executive officer now directly owns 3,800 shares in the company, valued at $9,421,302. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other AutoZone news, Director George R. Mrkonic, Jr. sold 138 shares of the business’s stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $2,441.21, for a total value of $336,886.98. Following the sale, the director now directly owns 3,764 shares of the company’s stock, valued at $9,188,714.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William C. Rhodes III sold 1,200 shares of the business’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $2,479.29, for a total value of $2,975,148.00. Following the completion of the sale, the chief executive officer now directly owns 3,800 shares in the company, valued at $9,421,302. The disclosure for this sale can be found here. Insiders have sold 9,286 shares of company stock worth $22,691,045 over the last ninety days. 2.59% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AZO. Guggenheim upgraded AutoZone from a “neutral” rating to a “buy” rating and set a $2,735.00 price target for the company in a research report on Monday, January 9th. Argus lifted their price target on AutoZone from $2,210.00 to $2,330.00 and gave the company a “buy” rating in a research report on Tuesday, September 27th. Wedbush boosted their target price on AutoZone from $2,350.00 to $2,600.00 in a research report on Monday, November 28th. Morgan Stanley lifted their price target on AutoZone from $2,600.00 to $2,725.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 17th. Finally, UBS Group lifted their price target on AutoZone from $2,260.00 to $2,540.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, AutoZone presently has a consensus rating of “Moderate Buy” and an average price target of $2,597.88.

About AutoZone

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AutoZone, Inc engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers.

See Also

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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