MassMutual Private Wealth & Trust FSB Has $423,000 Holdings in AutoZone, Inc. $AZO

MassMutual Private Wealth & Trust FSB raised its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114 shares of the company’s stock after buying an additional 5 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in AutoZone were worth $423,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AZO. Brighton Jones LLC raised its stake in shares of AutoZone by 14.4% in the fourth quarter. Brighton Jones LLC now owns 111 shares of the company’s stock valued at $356,000 after purchasing an additional 14 shares in the last quarter. Woodline Partners LP acquired a new position in shares of AutoZone in the fourth quarter valued at $3,250,000. Waverly Advisors LLC raised its stake in shares of AutoZone by 25.6% in the fourth quarter. Waverly Advisors LLC now owns 392 shares of the company’s stock valued at $1,254,000 after purchasing an additional 80 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its stake in shares of AutoZone by 153.7% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 340 shares of the company’s stock valued at $1,089,000 after purchasing an additional 206 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of AutoZone by 4.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,171 shares of the company’s stock valued at $29,366,000 after purchasing an additional 420 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley restated an “overweight” rating and issued a $4,000.00 target price (up from $3,750.00) on shares of AutoZone in a research note on Wednesday, May 28th. JPMorgan Chase & Co. upped their target price on AutoZone from $4,200.00 to $4,850.00 and gave the company an “overweight” rating in a research note on Monday. UBS Group increased their price objective on AutoZone from $4,260.00 to $4,925.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. The Goldman Sachs Group set a $3,811.00 price objective on AutoZone in a research note on Friday, May 23rd. Finally, Barclays increased their price objective on AutoZone from $3,916.00 to $4,610.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $4,368.95.

AutoZone Price Performance

NYSE AZO opened at $4,125.51 on Friday. The firm has a market cap of $69.23 billion, a P/E ratio of 27.92, a P/E/G ratio of 2.22 and a beta of 0.41. The stock’s 50-day moving average is $4,025.68 and its 200-day moving average is $3,794.14. AutoZone, Inc. has a one year low of $2,898.57 and a one year high of $4,388.11.

Insider Activity at AutoZone

In other news, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $3,875.90, for a total transaction of $11,627,700.00. Following the sale, the vice president owned 2,925 shares of the company’s stock, valued at $11,337,007.50. This trade represents a 50.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

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.