Integrated Investment Consultants LLC Purchases Shares of 17,786 AutoZone, Inc. (NYSE:AZO)

Integrated Investment Consultants LLC acquired a new position in shares of AutoZone, Inc. (NYSE:AZO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,786 shares of the company’s stock, valued at approximately $56,027,000. AutoZone accounts for approximately 1.3% of Integrated Investment Consultants LLC’s portfolio, making the stock its 5th largest position. Integrated Investment Consultants LLC owned approximately 0.11% of AutoZone at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in AutoZone by 354,692.5% during the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after acquiring an additional 993,139 shares during the period. PineStone Asset Management Inc. raised its position in shares of AutoZone by 137.6% in the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock valued at $918,998,000 after buying an additional 179,543 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of AutoZone in the second quarter valued at approximately $424,000. Captrust Financial Advisors grew its position in AutoZone by 564.2% during the first quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock worth $479,338,000 after buying an additional 129,193 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in AutoZone by 2,714.8% during the 2nd quarter. Baillie Gifford & Co. now owns 120,194 shares of the company’s stock worth $356,267,000 after acquiring an additional 115,924 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of the stock in a transaction dated 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 owns 1,218 shares in the company, valued at $3,785,166.42. This represents a 56.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of the business’s stock in a transaction dated 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 transaction, the chairman now owns 13,857 shares in the company, valued at approximately $43,055,777.55. This trade represents a 48.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,880 shares of company stock worth $46,225,660. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

AZO has been the subject of a number of analyst reports. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. Wedbush reissued an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a report on Thursday, September 19th. BNP Paribas raised AutoZone to a “strong-buy” rating in a research note on Wednesday, September 25th. Morgan Stanley increased their target price on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, AutoZone currently has a consensus rating of “Moderate Buy” and an average price target of $3,202.71.

AutoZone Stock Down 1.8 %

Shares of AZO opened at $3,049.58 on Thursday. The business’s fifty day moving average is $3,112.05 and its 200 day moving average is $3,027.79. AutoZone, Inc. has a 12-month low of $2,510.00 and a 12-month high of $3,256.37. The stock has a market cap of $51.54 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.57 and a beta of 0.71.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). The business had revenue of $6.21 billion during 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%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the business posted $46.46 earnings per share. On average, analysts expect that AutoZone, Inc. will post 158.09 EPS for the current 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.