Corient Private Wealth LLC Trims Stock Position in AutoZone, Inc. $AZO

Key Points

• Corient Private Wealth LLC reduced its AutoZone stake by 12.5% in the fourth quarter, selling 1,826 shares and ending with 12,741 shares valued at about $43.2 million.
• AutoZone has seen mixed insider activity: Director Earl G. Graves, Jr. sold 50 shares, while Director Brian Hannasch bought 165 shares, and insiders now own 2.60% of the company.
• Analysts remain broadly positive, with a Moderate Buy consensus and average price target of $4,040.87; the company also reported stronger-than-expected quarterly EPS and authorized a $1.5 billion share repurchase program.

Corient Private Wealth LLC cut its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 12.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,741 shares of the company's stock after selling 1,826 shares during the quarter. Corient Private Wealth LLC owned about 0.08% of AutoZone worth $43,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compass Capital Corp MA ADV raised its stake in AutoZone by 3.7% in the third quarter. Compass Capital Corp MA ADV now owns 85 shares of the company's stock worth $365,000 after buying an additional 3 shares in the last quarter. KCM Investment Advisors LLC boosted its position in AutoZone by 0.3% during the 3rd quarter. KCM Investment Advisors LLC now owns 1,153 shares of the company's stock valued at $4,947,000 after acquiring an additional 3 shares in the last quarter. Angeles Wealth Management LLC grew its holdings in shares of AutoZone by 3.2% during the 3rd quarter. Angeles Wealth Management LLC now owns 97 shares of the company's stock worth $416,000 after acquiring an additional 3 shares during the period. Blair William & Co. IL grew its holdings in shares of AutoZone by 0.3% during the 3rd quarter. Blair William & Co. IL now owns 1,108 shares of the company's stock worth $4,753,000 after acquiring an additional 3 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of AutoZone by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 518 shares of the company's stock worth $2,222,000 after acquiring an additional 3 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AutoZone

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total value of $173,936.00. Following the completion of the transaction, the director directly owned 4,837 shares of the company's stock, valued at approximately $16,826,568.64. The trade was a 1.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Hannasch bought 165 shares of the company's stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of $2,987.00 per share, for a total transaction of $492,855.00. Following the purchase, the director owned 1,219 shares of the company's stock, valued at approximately $3,641,153. This represents a 15.65% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AZO. Weiss Ratings upgraded AutoZone from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, May 27th. The Goldman Sachs Group reduced their price target on AutoZone from $4,345.00 to $4,096.00 and set a "buy" rating on the stock in a research note on Wednesday, May 27th. Mizuho lowered their price objective on AutoZone from $3,600.00 to $3,200.00 and set a "neutral" rating for the company in a research report on Wednesday, May 27th. UBS Group set a $4,800.00 target price on shares of AutoZone in a report on Tuesday, March 3rd. Finally, Citigroup dropped their target price on shares of AutoZone from $4,300.00 to $3,700.00 and set a "buy" rating on the stock in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, AutoZone has an average rating of "Moderate Buy" and a consensus target price of $4,040.87.

AutoZone News Summary

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Zacks Research lifted AutoZone’s FY2026 EPS estimate to $151.37 from $150.59, slightly above the current consensus, suggesting steady near-term earnings strength.
• Positive Sentiment: The firm also raised FY2027 EPS to $174.73, Q4 2027 EPS to $61.70, and FY2028 EPS to $197.32, pointing to continued long-term earnings growth.
• Positive Sentiment: Several quarterly estimates were increased, including Q1 2027, Q4 2026, Q1 2028, Q2 2028, and Q3 2028, reinforcing the view that analysts see AutoZone delivering stronger-than-expected results over time.
• Neutral Sentiment: Despite the optimistic estimate revisions, the stock remains well below its 52-week high, so investor sentiment may still be tempered by valuation and broader market positioning.
• Negative Sentiment: Zacks also trimmed one estimate — Q2 2027 EPS was lowered to $32.61 from $32.78 — which is a small offset to the otherwise positive revisions.

AutoZone Stock Down 0.0%

AutoZone stock opened at $3,064.22 on Monday. AutoZone, Inc. has a twelve month low of $2,928.11 and a twelve month high of $4,388.11. The company has a market capitalization of $50.04 billion, a P/E ratio of 21.07, a PEG ratio of 1.55 and a beta of 0.35. The stock's 50 day moving average is $3,333.73 and its 200 day moving average is $3,481.20.

AutoZone (NYSE:AZO - Get Free Report) last released its earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, topping the consensus estimate of $36.22 by $1.85. AutoZone had a negative return on equity of 80.35% and a net margin of 12.40%.The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the company posted $35.36 earnings per share. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities analysts expect that AutoZone, Inc. will post 150.51 EPS for the current year.

AutoZone declared that its Board of Directors has authorized a share repurchase program on Tuesday, June 16th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

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.

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