AutoZone, Inc. (NYSE:AZO) Shares Bought by Weaver Capital Management LLC

Weaver Capital Management LLC raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 7.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,099 shares of the company’s stock after buying an additional 79 shares during the period. AutoZone comprises about 1.0% of Weaver Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Weaver Capital Management LLC’s holdings in AutoZone were worth $3,463,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. SG Americas Securities LLC raised its position in AutoZone by 35.3% during the first quarter. SG Americas Securities LLC now owns 3,534 shares of the company’s stock valued at $11,138,000 after acquiring an additional 922 shares in the last quarter. Sei Investments Co. increased its holdings in shares of AutoZone by 60.7% during the 1st quarter. Sei Investments Co. now owns 22,315 shares of the company’s stock valued at $70,326,000 after purchasing an additional 8,427 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of AutoZone by 12.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 3,509 shares of the company’s stock valued at $11,059,000 after purchasing an additional 401 shares during the period. Peak Financial Advisors LLC acquired a new position in shares of AutoZone in the 2nd quarter valued at $2,816,000. Finally, Verde Capital Management purchased a new stake in AutoZone during the third quarter worth $1,137,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the transaction, the vice president now owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the transaction, the vice president now owns 1,218 shares in the company, valued at $3,785,166.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman William C. Rhodes III sold 13,000 shares of AutoZone stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the completion of the transaction, the chairman now owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,880 shares of company stock valued at $46,225,660 in the last three months. 2.50% of the stock is owned by corporate insiders.

AutoZone Stock Performance

AutoZone stock opened at $3,177.66 on Wednesday. The company has a market capitalization of $54.28 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70. The company’s 50 day simple moving average is $3,134.91 and its 200-day simple moving average is $3,007.80. AutoZone, Inc. has a 1 year low of $2,375.35 and a 1 year high of $3,256.37.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter last year, the company earned $46.46 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts expect that AutoZone, Inc. will post 157.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AZO. Oppenheimer reiterated a “market perform” rating and issued a $2,600.00 price objective on shares of AutoZone in a research report on Wednesday, June 26th. BNP Paribas raised shares of AutoZone to a “strong-buy” rating in a research note on Wednesday, September 25th. UBS Group boosted their price target on AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Evercore ISI raised their price objective on AutoZone from $3,300.00 to $3,350.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $3,200.00 target price on shares of AutoZone in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,202.71.

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.