Wedmont Private Capital Acquires 13 Shares of AutoZone, Inc. $AZO

Wedmont Private Capital lifted its holdings in AutoZone, Inc. (NYSE:AZO) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 246 shares of the company’s stock after purchasing an additional 13 shares during the period. Wedmont Private Capital’s holdings in AutoZone were worth $921,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC raised its stake in AutoZone by 14.4% during the 4th quarter. Brighton Jones LLC now owns 111 shares of the company’s stock worth $356,000 after acquiring an additional 14 shares during the period. Woodline Partners LP bought a new stake in AutoZone during the 4th quarter worth approximately $3,250,000. Waverly Advisors LLC raised its stake in AutoZone by 25.6% during the 4th quarter. Waverly Advisors LLC now owns 392 shares of the company’s stock worth $1,254,000 after acquiring an additional 80 shares during the period. Focus Partners Advisor Solutions LLC raised its stake in AutoZone by 153.7% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 340 shares of the company’s stock worth $1,089,000 after acquiring an additional 206 shares during the period. Finally, Vise Technologies Inc. raised its stake in AutoZone by 71.5% during the 4th quarter. Vise Technologies Inc. now owns 235 shares of the company’s stock worth $752,000 after acquiring an additional 98 shares during the period. Institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling

In other AutoZone news, VP Richard Craig Smith sold 3,000 shares of AutoZone stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $3,875.90, for a total transaction of $11,627,700.00. Following the completion of the transaction, the vice president directly owned 2,925 shares of the company’s stock, valued at $11,337,007.50. The trade was a 50.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AZO. Barclays lifted their price objective on shares of AutoZone from $3,916.00 to $4,610.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. DA Davidson lifted their price objective on shares of AutoZone from $4,192.00 to $4,850.00 and gave the company a “buy” rating in a research report on Wednesday, May 28th. Wolfe Research began coverage on shares of AutoZone in a research report on Thursday. They set an “outperform” rating and a $4,741.00 price objective on the stock. Citigroup lifted their price objective on shares of AutoZone from $3,900.00 to $4,900.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Finally, The Goldman Sachs Group set a $3,811.00 target price on shares of AutoZone in a report on Friday, May 23rd. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $4,399.18.

AutoZone Stock Down 0.0%

NYSE AZO opened at $4,132.72 on Friday. The company has a fifty day moving average of $4,034.29 and a two-hundred day moving average of $3,798.61. The firm has a market capitalization of $69.35 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 2.18 and a beta of 0.41. AutoZone, Inc. has a 52 week low of $2,898.57 and a 52 week high of $4,388.11.

AutoZone 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.