Murphy & Mullick Capital Management Corp Makes New Investment in AutoZone, Inc. (NYSE:AZO)

Murphy & Mullick Capital Management Corp purchased a new position in shares of AutoZone, Inc. (NYSE:AZO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 143 shares of the company’s stock, valued at approximately $458,000.

A number of other hedge funds have also recently modified their holdings of AZO. Wambolt & Associates LLC grew its holdings in AutoZone by 9.8% during the fourth quarter. Wambolt & Associates LLC now owns 90 shares of the company’s stock valued at $288,000 after purchasing an additional 8 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of AutoZone by 0.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,086 shares of the company’s stock valued at $70,719,000 after buying an additional 86 shares in the last quarter. TIAA Trust National Association grew its stake in shares of AutoZone by 7.2% during the 4th quarter. TIAA Trust National Association now owns 267 shares of the company’s stock valued at $855,000 after acquiring an additional 18 shares during the period. Modern Wealth Management LLC increased its holdings in AutoZone by 14.7% in the 4th quarter. Modern Wealth Management LLC now owns 117 shares of the company’s stock worth $401,000 after acquiring an additional 15 shares in the last quarter. Finally, Napean Trading & Investment Co Singapore PTE Ltd raised its stake in AutoZone by 16.8% during the 4th quarter. Napean Trading & Investment Co Singapore PTE Ltd now owns 3,622 shares of the company’s stock worth $11,598,000 after acquiring an additional 520 shares during the period. Institutional investors own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AZO. TD Cowen increased their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Roth Mkm raised their price target on AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. UBS Group upped their price objective on AutoZone from $3,875.00 to $4,025.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Mizuho lifted their target price on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Finally, Truist Financial upped their price target on AutoZone from $3,753.00 to $3,841.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. One equities 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 assigned a strong buy rating to the company. According to data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,683.36.

Insider Buying and Selling

In other news, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction on Wednesday, March 5th. The stock was 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 directly owns 50 shares in the company, valued at approximately $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard Craig Smith sold 2,850 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the completion of the transaction, the vice president now owns 2,924 shares in the company, valued at approximately $10,555,640. The trade was a 49.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,721 shares of company stock valued at $17,009,311. Insiders own 2.10% of the company’s stock.

AutoZone Stock Performance

NYSE AZO opened at $3,675.49 on Wednesday. The company has a market cap of $61.68 billion, a P/E ratio of 24.56, a P/E/G ratio of 1.86 and a beta of 0.71. The business’s 50 day moving average price is $3,450.75 and its 200-day moving average price is $3,267.24. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,704.43.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion. As a group, equities analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

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.