AutoZone, Inc. (NYSE:AZO) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,206 shares of the company's stock after selling 279 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in AutoZone were worth $3,766,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in AutoZone by 186.8% in the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company's stock valued at $292,544,000 after purchasing an additional 60,483 shares during the last quarter. Verde Capital Management purchased a new position in shares of AutoZone during the 3rd quarter valued at $1,137,000. Mizuho Securities USA LLC grew its holdings in shares of AutoZone by 592.0% during the third quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company's stock worth $29,012,000 after purchasing an additional 7,879 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of AutoZone by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company's stock valued at $329,699,000 after buying an additional 466 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of AutoZone by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 21,907 shares of the company's stock valued at $69,008,000 after purchasing an additional 360 shares during the last quarter. 92.74% of the stock is owned by institutional investors.

Insider Buying and Selling at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of the company's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the transaction, the vice president now directly owns 1,218 shares of the company's stock, valued at approximately $3,785,166.42. This represents a 56.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of the company's stock in a transaction dated 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 transaction, the chairman now directly owns 13,857 shares in the company, valued at $43,055,777.55. This represents a 48.40 % 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 ninety days. Corporate insiders own 2.10% of the company's stock.

AutoZone Price Performance

Shares of AutoZone stock traded up $29.79 during trading on Friday, hitting $3,370.27. The stock had a trading volume of 111,303 shares, compared to its average volume of 139,495. The stock has a market cap of $56.97 billion, a PE ratio of 22.52, a PEG ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,510.00 and a 12 month high of $3,416.71. The firm's fifty day simple moving average is $3,155.07 and its 200-day simple moving average is $3,066.94.

AutoZone (NYSE:AZO - Get Free Report) last released its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $32.55 earnings per share. Analysts expect that AutoZone, Inc. will post 154.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AZO. Roth Mkm reissued a "buy" rating and issued a $3,634.00 price target on shares of AutoZone in a research note on Wednesday, October 16th. StockNews.com cut AutoZone from a "buy" rating to a "hold" rating in a research note on Saturday, September 21st. BMO Capital Markets initiated coverage on shares of AutoZone in a research report on Friday. They set an "outperform" rating and a $3,700.00 price objective on the stock. Redburn Atlantic raised AutoZone to a "strong-buy" rating in a report on Tuesday, October 1st. Finally, UBS Group increased their price target on AutoZone from $3,340.00 to $3,500.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $3,360.47.

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.