Baldwin Wealth Partners LLC MA Reduces Holdings in AutoZone, Inc. $AZO

Baldwin Wealth Partners LLC MA cut its stake in AutoZone, Inc. (NYSE:AZO) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of AutoZone by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,797,548 shares of the company’s stock valued at $7,711,912,000 after purchasing an additional 26,544 shares during the period. Laurel Wealth Advisors LLC lifted its stake in AutoZone by 371,123.0% in the second quarter. Laurel Wealth Advisors LLC now owns 935,482 shares of the company’s stock valued at $3,472,724,000 after buying an additional 935,230 shares during the last quarter. State Street Corp boosted its holdings in shares of AutoZone by 1.6% in the second quarter. State Street Corp now owns 714,091 shares of the company’s stock valued at $2,650,870,000 after acquiring an additional 11,088 shares during the period. Norges Bank purchased a new position in shares of AutoZone during the second quarter worth approximately $981,202,000. Finally, Northern Trust Corp grew its position in shares of AutoZone by 1.2% during the third quarter. Northern Trust Corp now owns 189,789 shares of the company’s stock worth $814,240,000 after acquiring an additional 2,333 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of NYSE AZO opened at $3,287.09 on Friday. The firm has a market capitalization of $54.47 billion, a P/E ratio of 23.03, a PEG ratio of 1.71 and a beta of 0.41. AutoZone, Inc. has a one year low of $3,210.72 and a one year high of $4,388.11. The company’s fifty day moving average is $3,656.84 and its two-hundred day moving average is $3,776.69.

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

Insider Transactions at AutoZone

In other news, Director George R. Mrkonic, Jr. sold 97 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $3,341.99, for a total value of $324,173.03. Following the completion of the transaction, the director owned 3,564 shares in the company, valued at $11,910,852.36. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Richard Craig Smith sold 5,910 shares of AutoZone stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $3,700.00, for a total value of $21,867,000.00. Following the transaction, the vice president directly owned 2,627 shares of the company’s stock, valued at $9,719,900. This trade represents a 69.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 9,447 shares of company stock valued at $34,179,923. Company insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AZO. Mizuho upped their price target on shares of AutoZone from $3,550.00 to $3,600.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. upped their target price on shares of AutoZone from $4,100.00 to $4,300.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Oppenheimer reaffirmed an “outperform” rating and set a $4,300.00 price objective (up from $4,150.00) on shares of AutoZone in a research note on Tuesday, March 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a $4,400.00 price objective on shares of AutoZone in a research report on Wednesday, December 10th. Finally, DA Davidson set a $4,300.00 target price on AutoZone in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and a consensus price target of $4,312.13.

AutoZone Company 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.