Blake Schutter Theil Wealth Advisors LLC Makes New Investment in AutoZone, Inc. (NYSE:AZO)

Blake Schutter Theil Wealth Advisors LLC acquired a new stake in AutoZone, Inc. (NYSE:AZO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 66 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds have also made changes to their positions in AZO. International Assets Investment Management LLC grew its stake in shares of AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after purchasing an additional 993,139 shares during the last quarter. Boston Partners grew its position in AutoZone by 1.7% in the first quarter. Boston Partners now owns 382,169 shares of the company’s stock worth $1,202,596,000 after buying an additional 6,226 shares during the last quarter. PineStone Asset Management Inc. grew its position in AutoZone by 137.6% in the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock worth $918,998,000 after buying an additional 179,543 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of AutoZone by 564.2% in the first quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock valued at $479,338,000 after buying an additional 129,193 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of AutoZone by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock worth $446,684,000 after acquiring an additional 3,382 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insiders Place Their Bets

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

AutoZone Stock Down 1.4 %

Shares of AZO opened at $3,150.18 on Friday. AutoZone, Inc. has a 12 month low of $2,510.00 and a 12 month high of $3,256.37. The company’s fifty day moving average is $3,114.54 and its 200-day moving average is $3,015.80. The firm has a market cap of $53.24 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.54 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its earnings results 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 company had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.25 billion. AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. AutoZone’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $46.46 earnings per share. As a group, research analysts predict that AutoZone, Inc. will post 158.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AZO. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. Evercore ISI raised their target price on shares of AutoZone from $3,300.00 to $3,350.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Citigroup cut their price target on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Truist Financial raised their price objective on shares of AutoZone from $3,341.00 to $3,501.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Finally, UBS Group boosted their target price on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One equities 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3,202.71.

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.