72 Shares in AutoZone, Inc. (NYSE:AZO) Acquired by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of AutoZone, Inc. (NYSE:AZO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 72 shares of the company’s stock, valued at approximately $227,000.

A number of other large investors have also bought and sold shares of the business. Meeder Asset Management Inc. boosted its position in AutoZone by 50.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock worth $44,000 after acquiring an additional 5 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in AutoZone during the 3rd quarter worth approximately $47,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in AutoZone during the 2nd quarter worth approximately $50,000. ORG Partners LLC acquired a new position in AutoZone during the 2nd quarter worth approximately $50,000. Finally, UMB Bank n.a. boosted its position in AutoZone by 33.3% during the 2nd quarter. UMB Bank n.a. now owns 28 shares of the company’s stock worth $83,000 after acquiring an additional 7 shares during the last quarter. 92.74% of the stock is owned by institutional investors.

AutoZone Price Performance

AZO stock opened at $3,017.98 on Thursday. The stock has a market capitalization of $51.56 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.59 and a beta of 0.70. The business’s fifty day moving average price is $3,125.36 and its two-hundred day moving average price is $3,011.68. AutoZone, Inc. has a fifty-two week low of $2,463.45 and a fifty-two week high of $3,256.37.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing the consensus estimate of $53.31 by ($5.20). The firm had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.25 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $46.46 EPS. Research analysts expect that AutoZone, Inc. will post 157.99 EPS for the current year.

Insiders Place Their Bets

In related news, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the transaction, the vice president now owns 1,218 shares in the company, valued at approximately $3,785,166.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman William C. Rhodes III sold 13,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the transaction, the chairman now owns 13,857 shares in the company, valued at approximately $43,055,777.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the transaction, the vice president now owns 1,218 shares in the company, valued at $3,785,166.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock worth $46,225,660 in the last 90 days. Company insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AZO. Roth Capital raised AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Roth Mkm reissued a “buy” rating and issued a $3,634.00 price objective on shares of AutoZone in a report on Wednesday, October 16th. UBS Group increased their price objective on AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. BNP Paribas raised AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. Finally, Guggenheim increased their price objective on AutoZone from $3,225.00 to $3,350.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3,202.71.

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.