TD Private Client Wealth LLC Sells 26 Shares of AutoZone, Inc. (NYSE:AZO)

TD Private Client Wealth LLC trimmed its stake in AutoZone, Inc. (NYSE:AZO) by 8.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 267 shares of the company’s stock after selling 26 shares during the period. TD Private Client Wealth LLC’s holdings in AutoZone were worth $855,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AZO. Flagship Wealth Advisors LLC bought a new stake in AutoZone in the fourth quarter worth $32,000. 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 valued at $32,000 after acquiring an additional 3 shares during the period. Crews Bank & Trust bought a new stake in shares of AutoZone in the 4th quarter worth about $61,000. McIlrath & Eck LLC boosted its stake in shares of AutoZone by 25.0% during 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 period. Finally, Whipplewood Advisors LLC purchased a new position in shares of AutoZone during the 4th quarter worth about $67,000. 92.74% of the stock is owned by institutional investors.

AutoZone Trading Up 0.9 %

Shares of NYSE AZO opened at $3,605.88 on Monday. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,704.43. The stock’s fifty day simple moving average is $3,433.28 and its two-hundred day simple moving average is $3,259.40. The stock has a market capitalization of $60.51 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings data 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 company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. On average, equities analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Dennis W. Leriche sold 1,575 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the transaction, the vice president now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Richard Craig Smith sold 2,850 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,721 shares of company stock worth $17,009,311. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

AZO has been the topic of a number of recent analyst reports. Roth Capital set a $3,763.00 price objective on shares of AutoZone 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 note on Monday, December 16th. Mizuho upped their price objective on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Guggenheim increased their target price on AutoZone from $3,750.00 to $3,850.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, BMO Capital Markets boosted their target price on shares of AutoZone from $3,700.00 to $3,850.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $3,683.36.

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.