Corient Private Wealth LLC Sells 204 Shares of AutoZone, Inc. (NYSE:AZO)

Corient Private Wealth LLC trimmed its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,665 shares of the company's stock after selling 204 shares during the period. Corient Private Wealth LLC owned 0.10% of AutoZone worth $53,361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Prime Capital Investment Advisors LLC acquired a new stake in shares of AutoZone during the 3rd quarter worth approximately $239,000. CIBC Asset Management Inc boosted its position in shares of AutoZone by 7.2% during the third quarter. CIBC Asset Management Inc now owns 2,497 shares of the company's stock worth $7,866,000 after buying an additional 168 shares during the period. Empowered Funds LLC raised its holdings in AutoZone by 16.6% during the third quarter. Empowered Funds LLC now owns 1,514 shares of the company's stock worth $4,769,000 after acquiring an additional 215 shares in the last quarter. Natixis Advisors LLC raised its stake in AutoZone by 4.5% in the third quarter. Natixis Advisors LLC now owns 16,122 shares of the company's stock valued at $50,785,000 after buying an additional 699 shares during the period. Finally, Kinsale Capital Group Inc. increased its stake in shares of AutoZone by 16.9% during the third quarter. Kinsale Capital Group Inc. now owns 1,664 shares of the company's stock worth $5,242,000 after purchasing an additional 241 shares during the period. Institutional investors and hedge funds own 92.74% of the company's stock.

Insider Activity

In related news, VP Dennis W. Leriche sold 1,575 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the sale, the vice president now owns 417 shares in the company, valued at approximately $1,501,200. This trade represents a 79.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP K. Michelle Borninkhof sold 136 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 owns 403 shares in the company, valued at $1,430,682.24. This represents a 25.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,871 shares of company stock worth $6,720,811 over the last 90 days. 2.10% of the stock is currently owned by insiders.

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AutoZone Stock Down 0.6 %

Shares of NYSE AZO traded down $21.65 on Thursday, reaching $3,569.96. 81,275 shares of the company's stock traded hands, compared to its average volume of 126,400. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,704.43. The business's 50 day simple moving average is $3,420.93 and its two-hundred day simple moving average is $3,252.77. The company has a market cap of $59.91 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO - Get Free Report) last announced 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). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. Analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Raymond James reiterated a "strong-buy" rating on shares of AutoZone in a research note on Wednesday, March 5th. Wells Fargo & Company boosted their target price 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. DA Davidson boosted their target price on shares of AutoZone from $3,350.00 to $3,500.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Evercore ISI boosted their price target on shares of AutoZone from $3,525.00 to $3,700.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Finally, Bank of America upped their target price on shares of AutoZone from $3,600.00 to $3,700.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $3,651.91.

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.