TD Private Client Wealth LLC Reduces Holdings in AutoZone, Inc. (NYSE:AZO)

TD Private Client Wealth LLC reduced its stake in AutoZone, Inc. (NYSE:AZO) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 267 shares of the company’s stock after selling 26 shares during the period. TD Private Client Wealth LLC’s holdings in AutoZone were worth $855,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AZO. Pittenger & Anderson Inc. boosted its stake 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 purchasing an additional 3 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its stake in shares of AutoZone by 2.0% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company’s stock worth $487,000 after purchasing an additional 3 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after purchasing an additional 3 shares in the last quarter. PDS Planning Inc boosted its position in shares of AutoZone by 2.3% during the fourth quarter. PDS Planning Inc now owns 132 shares of the company’s stock valued at $423,000 after buying an additional 3 shares during the last quarter. Finally, Moors & Cabot Inc. increased its holdings in AutoZone by 4.2% in the 3rd quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock worth $312,000 after buying an additional 4 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AutoZone

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the transaction, the senior vice president now owns 50 shares of the company’s stock, valued at $177,500. This represents a 76.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the sale, the vice president now directly owns 417 shares in the company, valued at $1,501,200. This trade represents a 79.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,721 shares of company stock valued at $17,009,311. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Argus downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. DA Davidson upgraded shares of AutoZone from a “neutral” rating to a “buy” rating and increased their price objective for the company from $3,500.00 to $4,192.00 in a research report on Friday. Roth Mkm lifted their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Citigroup increased their price target on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Guggenheim lifted their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and an average target price of $3,683.36.

AutoZone Price Performance

Shares of AZO stock opened at $3,605.88 on Monday. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,704.43. The company’s fifty day moving average price is $3,433.28 and its 200-day moving average price is $3,259.40. The company has a market capitalization of $60.51 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its quarterly 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 the consensus estimate of $3.98 billion. Equities research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

AutoZone 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.