AutoZone, Inc. $AZO Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA cut its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 7.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,086 shares of the company’s stock after selling 167 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in AutoZone were worth $7,075,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in AutoZone by 14.4% during the 4th quarter. Brighton Jones LLC now owns 111 shares of the company’s stock worth $356,000 after buying an additional 14 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in AutoZone during the 2nd quarter worth $356,000. Portside Wealth Group LLC acquired a new stake in AutoZone during the 2nd quarter worth $204,000. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of AutoZone by 26.7% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 247 shares of the company’s stock valued at $917,000 after buying an additional 52 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in AutoZone by 3.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 9,592 shares of the company’s stock valued at $35,608,000 after acquiring an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Evercore boosted their target price on AutoZone from $4,100.00 to $4,125.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Wells Fargo & Company reduced their price objective on AutoZone from $4,700.00 to $4,500.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Robert W. Baird lowered AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price objective on the stock. in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c+)” rating on shares of AutoZone in a report on Monday, December 29th. Finally, TD Cowen reduced their price target on AutoZone from $4,400.00 to $4,250.00 and set a “buy” rating on the stock in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4,312.13.

AutoZone Stock Performance

Shares of AZO opened at $3,287.09 on Friday. AutoZone, Inc. has a 1 year low of $3,210.72 and a 1 year high of $4,388.11. The company’s 50-day simple moving average is $3,656.84 and its 200-day simple moving average is $3,776.69. The stock has a market capitalization of $54.47 billion, a PE ratio of 23.03, a P/E/G ratio of 1.71 and a beta of 0.41.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, topping the consensus estimate of $27.59 by $0.04. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same period in the previous year, the firm posted $28.29 EPS. AutoZone’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insider Activity

In other AutoZone news, VP Richard Craig Smith sold 5,910 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $3,700.00, for a total transaction of $21,867,000.00. Following the completion of the transaction, the vice president owned 2,627 shares in the company, valued at $9,719,900. The trade was a 69.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael A. George acquired 145 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was purchased at an average cost of $3,398.13 per share, for a total transaction of $492,728.85. Following the completion of the transaction, the director owned 566 shares in the company, valued at approximately $1,923,341.58. The trade was a 34.44% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 9,447 shares of company stock worth $34,179,923 over the last three months. Insiders own 2.60% of the company’s stock.

AutoZone Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.