LongView Wealth Management Sells 6 Shares of AutoZone, Inc. (NYSE:AZO)

LongView Wealth Management cut its stake in shares of AutoZone, Inc. (NYSE:AZO) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87 shares of the company’s stock after selling 6 shares during the period. LongView Wealth Management’s holdings in AutoZone were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AZO. Fidelis Capital Partners LLC lifted its stake in shares of AutoZone by 2.6% during the 2nd quarter. Fidelis Capital Partners LLC now owns 159 shares of the company’s stock valued at $490,000 after buying an additional 4 shares in the last quarter. Brighton Jones LLC lifted its position in shares of AutoZone by 4.1% in the second quarter. Brighton Jones LLC now owns 101 shares of the company’s stock valued at $299,000 after acquiring an additional 4 shares in the last quarter. Petredis Investment Advisors LLC boosted its stake in shares of AutoZone by 0.6% in the third quarter. Petredis Investment Advisors LLC now owns 710 shares of the company’s stock worth $2,237,000 after acquiring an additional 4 shares during the period. IVC Wealth Advisors LLC grew its position in shares of AutoZone by 4.4% during the third quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock worth $299,000 after purchasing an additional 4 shares in the last quarter. Finally, Allworth Financial LP raised its stake in AutoZone by 5.0% during the 3rd quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after purchasing an additional 4 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

AZO opened at $3,221.06 on Friday. The stock’s 50 day moving average price is $3,222.90 and its 200-day moving average price is $3,132.76. AutoZone, Inc. has a one year low of $2,658.18 and a one year high of $3,416.71. The stock has a market cap of $54.05 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 1.80 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing the consensus estimate of $33.69 by ($1.17). The company had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $32.55 EPS. As a group, analysts predict that AutoZone, Inc. will post 153.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AZO shares. Truist Financial upped their price target on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. BMO Capital Markets began coverage on shares of AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. DA Davidson reaffirmed a “neutral” rating and issued a $3,025.00 target price on shares of AutoZone in a report on Monday, September 30th. Finally, Mizuho increased their price target on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

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.