AutoZone, Inc. (NYSE:AZO) Shares Purchased by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121 shares of the company’s stock after purchasing an additional 9 shares during the period. Fiduciary Financial Group LLC’s holdings in AutoZone were worth $375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in shares of AutoZone in the 1st quarter valued at about $32,000. Riverview Trust Co acquired a new position in AutoZone in the first quarter valued at approximately $41,000. Meeder Asset Management Inc. increased its stake in AutoZone by 50.0% in the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after purchasing an additional 5 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in AutoZone during the second quarter worth approximately $50,000. Finally, ORG Partners LLC purchased a new stake in shares of AutoZone during the 2nd quarter worth approximately $50,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AZO has been the topic of several research analyst reports. BNP Paribas upgraded shares of AutoZone to a “strong-buy” rating in a research note on Wednesday, September 25th. Wedbush restated an “outperform” rating and set a $3,200.00 target price on shares of AutoZone in a research report on Thursday, September 19th. Guggenheim raised their price objective on shares of AutoZone from $3,225.00 to $3,350.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Morgan Stanley upped their target price on shares of AutoZone from $3,038.00 to $3,125.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, UBS Group raised their price objective on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $3,182.33.

Insider Activity

In related news, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Chairman William C. Rhodes III sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the completion of the transaction, the chairman now owns 13,857 shares in the company, valued at $43,055,777.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Scott Murphy sold 1,580 shares of the business’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 directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,880 shares of company stock worth $46,225,660. 2.50% of the stock is owned by corporate insiders.

AutoZone Trading Up 0.7 %

NYSE:AZO opened at $3,129.78 on Friday. The firm has a market capitalization of $53.46 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70. The stock has a 50 day moving average of $3,130.48 and a 200-day moving average of $3,009.36. AutoZone, Inc. has a 52 week low of $2,375.35 and a 52 week high of $3,256.37.

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

AutoZone Company 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.