Hancock Whitney Corp Has $3.75 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Hancock Whitney Corp trimmed its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 75.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,170 shares of the company's stock after selling 3,586 shares during the period. Hancock Whitney Corp's holdings in AutoZone were worth $3,746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AZO. Pittenger & Anderson Inc. boosted its position in AutoZone by 5.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company's stock worth $195,000 after acquiring an additional 3 shares during the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in AutoZone by 2.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock worth $487,000 after purchasing an additional 3 shares during the last quarter. PDS Planning Inc boosted its holdings in AutoZone by 2.3% during the fourth quarter. PDS Planning Inc now owns 132 shares of the company's stock worth $423,000 after purchasing an additional 3 shares during the last quarter. Harbour Investments Inc. grew its position in AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after purchasing an additional 3 shares in the last quarter. Finally, Meeder Advisory Services Inc. increased its stake in AutoZone by 0.8% in the 4th quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock valued at $1,188,000 after buying an additional 3 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Stock Performance

Shares of AZO stock traded up $19.96 during trading on Wednesday, hitting $3,724.91. The company had a trading volume of 27,342 shares, compared to its average volume of 131,408. The firm has a market capitalization of $62.51 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,916.81. The stock's 50-day moving average price is $3,601.66 and its 200 day moving average price is $3,368.15.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. On average, research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Transactions at AutoZone

In related news, CEO Philip B. Daniele sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the completion of the transaction, the chief executive officer now owns 163 shares of the company's stock, valued at $619,401.63. This represents a 92.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Domingo Hurtado sold 4,800 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the completion of the sale, the vice president now owns 159 shares in the company, valued at $581,940. This represents a 96.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,521 shares of company stock valued at $42,177,331. Corporate insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group upgraded AutoZone from a "sell" rating to a "neutral" rating and raised their price objective for the company from $3,044.00 to $3,811.00 in a report on Tuesday, April 1st. Roth Capital set a $3,763.00 price target on AutoZone in a research report on Wednesday, March 5th. Raymond James reissued a "strong-buy" rating on shares of AutoZone in a report on Wednesday, March 5th. Guggenheim boosted their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, UBS Group increased their price target on shares of AutoZone from $3,875.00 to $4,025.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, AutoZone has an average rating of "Buy" and an average target price of $3,724.00.

AutoZone 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.