Aviso Financial Inc. Sells 197 Shares of AutoZone, Inc. (NYSE:AZO)

Aviso Financial Inc. decreased its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 95.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9 shares of the company's stock after selling 197 shares during the period. Aviso Financial Inc.'s holdings in AutoZone were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AZO. Darwin Wealth Management LLC acquired a new position in shares of AutoZone during the third quarter worth $47,000. Crews Bank & Trust acquired a new position in shares of AutoZone during the fourth quarter valued at about $61,000. McIlrath & Eck LLC boosted its holdings in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after purchasing an additional 4 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in AutoZone during the fourth quarter worth about $67,000. Finally, Providence First Trust Co purchased a new position in AutoZone during the fourth quarter worth about $80,000. Institutional investors and hedge funds own 92.74% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on AZO. Wedbush restated an "outperform" rating and set a $3,700.00 price target on shares of AutoZone in a report on Wednesday, March 5th. Mizuho boosted their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their target price on shares of AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Wells Fargo & Company boosted their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Finally, Roth Mkm boosted their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $3,651.91.

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AutoZone Stock Performance

AutoZone stock traded down $22.67 during midday trading on Wednesday, reaching $3,591.60. 134,591 shares of the stock were exchanged, compared to its average volume of 126,591. The company's fifty day moving average is $3,415.14 and its 200-day moving average is $3,250.39. The firm has a market cap of $60.27 billion, a PE ratio of 24.00, a PEG ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,704.43.

AutoZone (NYSE:AZO - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. On average, sell-side analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Transactions at AutoZone

In other news, SVP Bailey L. Childress sold 160 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP K. Michelle Borninkhof sold 136 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the completion of the sale, the senior vice president now directly owns 403 shares of the company's stock, valued at $1,430,682.24. This trade represents a 25.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,871 shares of company stock valued at $6,720,811 in the last quarter. Insiders own 2.10% of the company's stock.

About AutoZone

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.