Blair William & Co. IL Sells 352 Shares of AutoZone, Inc. (NYSE:AZO)

Blair William & Co. IL cut its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,141 shares of the company's stock after selling 352 shares during the quarter. Blair William & Co. IL's holdings in AutoZone were worth $3,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in AutoZone by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company's stock valued at $1,326,545,000 after buying an additional 7,365 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of AutoZone by 482,040.2% in the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock worth $1,343,117,000 after acquiring an additional 419,375 shares during the period. PineStone Asset Management Inc. increased its position in AutoZone by 6.9% during the fourth quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company's stock valued at $683,867,000 after acquiring an additional 13,771 shares during the last quarter. Marshfield Associates lifted its holdings in AutoZone by 0.5% in the third quarter. Marshfield Associates now owns 169,586 shares of the company's stock valued at $534,204,000 after acquiring an additional 796 shares during the period. Finally, Baillie Gifford & Co. boosted its position in AutoZone by 35.6% in the fourth quarter. Baillie Gifford & Co. now owns 163,089 shares of the company's stock worth $522,211,000 after purchasing an additional 42,776 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

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AutoZone Stock Up 0.4 %

NYSE:AZO traded up $16.53 during mid-day trading on Thursday, hitting $3,825.79. 181,944 shares of the stock traded hands, compared to its average volume of 128,408. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,916.81. The stock has a market capitalization of $64.20 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.86 and a beta of 0.71. The firm's 50 day moving average is $3,515.75 and its two-hundred day moving average is $3,294.29.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $3.98 billion. As a group, research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analyst Weigh In

AZO has been the subject of several research reports. BMO Capital Markets upped their price target on shares of AutoZone from $3,700.00 to $3,850.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Argus cut shares of AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Truist Financial lifted their price target on shares of AutoZone from $3,753.00 to $3,841.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Wells Fargo & Company upped their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group raised AutoZone from a "sell" rating to a "neutral" rating and raised their target price for the stock from $3,044.00 to $3,811.00 in a report on Tuesday. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, AutoZone has an average rating of "Moderate Buy" and a consensus target price of $3,724.00.

Insider Activity

In other news, VP Richard Craig Smith sold 2,850 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the transaction, the vice president now owns 2,924 shares of the company's stock, valued at approximately $10,555,640. This represents a 49.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction dated 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 completion of the sale, the senior vice president now owns 50 shares of the company's stock, valued at $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,721 shares of company stock valued at $24,609,331. 2.10% of the stock is currently owned by company insiders.

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.