38 Shares in AutoZone, Inc. (NYSE:AZO) Purchased by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. acquired a new stake in shares of AutoZone, Inc. (NYSE:AZO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38 shares of the company’s stock, valued at approximately $122,000.

Other institutional investors have also modified their holdings of the company. Pittenger & Anderson Inc. lifted its position in AutoZone by 5.2% in the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock worth $195,000 after buying an additional 3 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its stake in shares of AutoZone by 2.0% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company’s stock valued at $487,000 after acquiring an additional 3 shares during the period. PDS Planning Inc lifted its holdings in shares of AutoZone by 2.3% in the 4th quarter. PDS Planning Inc now owns 132 shares of the company’s stock worth $423,000 after acquiring an additional 3 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after purchasing an additional 3 shares during the period. Finally, McIlrath & Eck LLC grew its holdings in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares during the last quarter. 92.74% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Richard Craig Smith sold 2,850 shares of AutoZone stock in a transaction dated 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 in the company, valued at $10,555,640. This trade represents a 49.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Philip B. Daniele sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the transaction, the chief executive officer now owns 163 shares of the company’s stock, valued at approximately $619,401.63. This trade represents a 92.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,721 shares of company stock worth $24,609,331 in the last ninety days. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AZO. Roth Mkm boosted their target price on AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Truist Financial boosted their price objective on AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Roth Capital set a $3,763.00 target price on AutoZone in a research note on Wednesday, March 5th. TD Cowen boosted their target price 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. Finally, Argus cut shares of AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, AutoZone presently has an average rating of “Moderate Buy” and an average price target of $3,683.36.

AutoZone Trading Down 1.5 %

Shares of NYSE:AZO opened at $3,769.72 on Monday. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,838.00. The business has a 50 day moving average of $3,483.80 and a two-hundred day moving average of $3,280.69. The company has a market capitalization of $63.26 billion, a PE ratio of 25.19, a PEG ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) 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 firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Equities research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

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.