Livforsakringsbolaget Skandia Omsesidigt Cuts Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,261 shares of the company's stock after selling 120 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in AutoZone were worth $10,442,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Petredis Investment Advisors LLC boosted its position in shares of AutoZone by 0.6% during the 3rd quarter. Petredis Investment Advisors LLC now owns 710 shares of the company's stock valued at $2,237,000 after acquiring an additional 4 shares during the last quarter. IVC Wealth Advisors LLC raised its stake in AutoZone by 4.4% during the third quarter. IVC Wealth Advisors LLC now owns 95 shares of the company's stock worth $299,000 after purchasing an additional 4 shares during the period. Allworth Financial LP boosted its holdings in AutoZone by 5.0% in the 3rd quarter. Allworth Financial LP now owns 84 shares of the company's stock valued at $265,000 after purchasing an additional 4 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of AutoZone by 1.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 267 shares of the company's stock valued at $841,000 after buying an additional 4 shares during the period. Finally, Moors & Cabot Inc. increased its holdings in shares of AutoZone by 4.2% during the 3rd quarter. Moors & Cabot Inc. now owns 99 shares of the company's stock worth $312,000 after buying an additional 4 shares during the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Trading Up 0.6 %

Shares of AutoZone stock traded up $20.90 during trading on Tuesday, reaching $3,448.45. The company's stock had a trading volume of 82,947 shares, compared to its average volume of 107,542. The firm has a market cap of $57.86 billion, a PE ratio of 23.04, a P/E/G ratio of 1.92 and a beta of 0.70. The company has a 50-day moving average price of $3,297.17 and a two-hundred day moving average price of $3,188.22. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,484.42.

AutoZone (NYSE:AZO - Get Free Report) last announced its earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts' consensus estimates of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the previous year, the company posted $32.55 earnings per share. AutoZone's quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on AZO. Mizuho upped their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Truist Financial upped their price target on AutoZone from $3,501.00 to $3,753.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Wells Fargo & Company raised their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Guggenheim boosted their target price on AutoZone from $3,350.00 to $3,750.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, Roth Mkm reissued a "buy" rating and issued a $3,634.00 price objective on shares of AutoZone in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $3,429.84.

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.