Corient Private Wealth LLC Has $53.36 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Corient Private Wealth LLC decreased its stake in AutoZone, Inc. (NYSE:AZO) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,665 shares of the company’s stock after selling 204 shares during the quarter. Corient Private Wealth LLC owned approximately 0.10% of AutoZone worth $53,361,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in AutoZone during the third quarter valued at $47,000. Crews Bank & Trust purchased a new stake in shares of AutoZone during the 4th quarter worth about $61,000. McIlrath & Eck LLC raised 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 in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of AutoZone during the 4th quarter valued at about $67,000. Finally, Providence First Trust Co bought a new stake in shares of AutoZone in the 4th quarter valued at approximately $80,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Trading Up 0.2 %

AZO opened at $3,553.69 on Monday. The stock’s 50 day simple moving average is $3,401.49 and its 200-day simple moving average is $3,244.44. The stock has a market cap of $59.64 billion, a PE ratio of 23.74, a P/E/G ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,704.43.

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

Insider Buying and Selling

In other AutoZone news, SVP K. Michelle Borninkhof sold 136 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the completion of the transaction, the senior vice president now directly owns 403 shares in the company, valued at $1,430,682.24. This represents a 25.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the sale, the senior vice president now owns 50 shares in the company, valued at $177,500. This represents a 76.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,871 shares of company stock valued at $6,720,811 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AZO. Mizuho raised 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. Truist Financial lifted their price objective on shares of AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Morgan Stanley increased their target price on shares of AutoZone from $3,490.00 to $3,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. TD Cowen boosted their price target on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Barclays increased their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $3,651.91.

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.