AutoZone, Inc. (NYSE:AZO) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its position in shares of AutoZone, Inc. (NYSE:AZO) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,453 shares of the company’s stock after selling 61 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in AutoZone were worth $17,176,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its stake in AutoZone by 42.6% during the third quarter. Arkadios Wealth Advisors now owns 1,115 shares of the company’s stock worth $3,514,000 after purchasing an additional 333 shares in the last quarter. Forsta AP Fonden lifted its stake in AutoZone by 9.4% during the third quarter. Forsta AP Fonden now owns 3,500 shares of the company’s stock worth $11,025,000 after purchasing an additional 300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in AutoZone by 44.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,235 shares of the company’s stock worth $7,040,000 after purchasing an additional 685 shares in the last quarter. Parcion Private Wealth LLC acquired a new position in AutoZone during the third quarter worth $265,000. Finally, Allworth Financial LP lifted its stake in AutoZone by 5.0% during the third quarter. Allworth Financial LP now owns 84 shares of the company’s stock worth $265,000 after purchasing an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Price Performance

NYSE AZO opened at $3,105.93 on Tuesday. AutoZone, Inc. has a 1 year low of $2,448.80 and a 1 year high of $3,256.37. The company has a market capitalization of $53.06 billion, a PE ratio of 21.48, a P/E/G ratio of 1.59 and a beta of 0.70. The company has a fifty day moving average of $3,131.62 and a two-hundred day moving average of $3,010.94.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on AZO. Redburn Atlantic upgraded AutoZone to a “strong-buy” rating in a research note on Tuesday, October 1st. Roth Mkm reaffirmed a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a research report on Wednesday, October 16th. Mizuho upped their price objective on AutoZone from $3,280.00 to $3,350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Roth Capital raised AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley upped their price objective on AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have given 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3,202.71.

Insider Transactions at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the completion of the sale, the vice president now owns 1,218 shares in the company, valued at approximately $3,785,166.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP John Scott Murphy sold 1,580 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the completion of the sale, the vice president now owns 1,218 shares in the company, valued at approximately $3,785,166.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman William C. Rhodes III sold 300 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the sale, the chairman now owns 13,857 shares of the company’s stock, valued at $42,613,046.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,880 shares of company stock worth $46,225,660. Company insiders own 2.50% of the company’s stock.

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.