RWA Wealth Partners LLC Acquires 88 Shares of AutoZone, Inc. (NYSE:AZO)

RWA Wealth Partners LLC lifted its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 17.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 597 shares of the company's stock after buying an additional 88 shares during the quarter. RWA Wealth Partners LLC's holdings in AutoZone were worth $1,912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Pittenger & Anderson Inc. grew its holdings in shares of AutoZone by 5.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company's stock worth $195,000 after purchasing an additional 3 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its holdings in AutoZone by 2.0% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock valued at $487,000 after purchasing an additional 3 shares in the last quarter. PDS Planning Inc raised its holdings in shares of AutoZone by 2.3% in the fourth quarter. PDS Planning Inc now owns 132 shares of the company's stock valued at $423,000 after buying an additional 3 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after acquiring an additional 3 shares during the last quarter. Finally, McIlrath & Eck LLC raised its position in AutoZone by 25.0% in the 3rd 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. 92.74% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

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 transaction of $568,000.00. Following the completion of the sale, the senior vice president now directly owns 50 shares in the company, valued at $177,500. This represents a 76.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the transaction, the vice president now directly owns 417 shares of the company's stock, valued at approximately $1,501,200. This trade represents a 79.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,721 shares of company stock valued at $24,609,331 in the last three months. Insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AZO. Mizuho upped 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 report on Wednesday, March 5th. TD Cowen raised their price target on AutoZone from $3,450.00 to $3,800.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. The Goldman Sachs Group raised shares of AutoZone from a "sell" rating to a "neutral" rating and upped their target price for the stock from $3,044.00 to $3,811.00 in a research note on Tuesday. Citigroup lifted their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, BMO Capital Markets upped their target price on AutoZone from $3,700.00 to $3,850.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $3,724.00.

AutoZone Stock Performance

Shares of AZO traded down $172.13 during mid-day trading on Friday, reaching $3,654.02. The company had a trading volume of 209,922 shares, compared to its average volume of 131,918. The company's 50 day simple moving average is $3,531.36 and its 200 day simple moving average is $3,303.38. The company has a market capitalization of $61.32 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last released 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 firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. As a group, equities analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

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.