Tweedy Browne Co LLC Sells 3,328 Shares of AutoZone, Inc. (NYSE:AZO)

Tweedy Browne Co LLC lowered its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 30.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,696 shares of the company's stock after selling 3,328 shares during the quarter. AutoZone comprises approximately 1.7% of Tweedy Browne Co LLC's holdings, making the stock its 15th largest holding. Tweedy Browne Co LLC's holdings in AutoZone were worth $24,643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in AutoZone during the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC acquired a new position in shares of AutoZone in the 4th quarter valued at $32,000. Harbour Investments Inc. increased its position in shares of AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares in the last quarter. Crews Bank & Trust acquired a new stake in AutoZone during the 4th quarter worth $61,000. Finally, McIlrath & Eck LLC lifted its holdings in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after acquiring an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Trading Down 4.5 %

Shares of AutoZone stock traded down $172.13 during trading on Friday, hitting $3,654.02. 209,922 shares of the stock were exchanged, compared to its average volume of 131,918. The company has a fifty day moving average price of $3,531.36 and a 200-day moving average price of $3,303.38. The stock has a market capitalization of $61.32 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth 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.

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AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly 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 negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. Equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analysts Set New Price Targets

AZO has been the subject of several recent analyst reports. Evercore ISI increased their price target on AutoZone from $3,525.00 to $3,700.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. UBS Group increased their target price on AutoZone from $3,875.00 to $4,025.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. TD Cowen lifted their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Wells Fargo & Company increased their price objective on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Finally, Mizuho boosted their price objective 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. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, AutoZone currently has an average rating of "Moderate Buy" and an average price target of $3,724.00.

Insider Activity at AutoZone

In other news, VP Dennis W. Leriche sold 1,575 shares of the company's stock in a transaction that occurred on 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 transaction, the vice president now owns 417 shares of the company's stock, valued at approximately $1,501,200. This represents a 79.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard Craig Smith sold 2,850 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the transaction, the vice president now owns 2,924 shares in the company, valued at approximately $10,555,640. This trade represents a 49.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,721 shares of company stock worth $24,609,331. Company insiders own 2.10% of the company's stock.

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.