HCR Wealth Advisors Sells 186 Shares of AutoZone, Inc. (NYSE:AZO)

HCR Wealth Advisors cut its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 11.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,463 shares of the company's stock after selling 186 shares during the period. AutoZone accounts for about 0.7% of HCR Wealth Advisors' investment portfolio, making the stock its 21st biggest position. HCR Wealth Advisors' holdings in AutoZone were worth $5,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AZO. Brighton Jones LLC lifted its stake in shares of AutoZone by 14.4% during the fourth quarter. Brighton Jones LLC now owns 111 shares of the company's stock valued at $356,000 after acquiring an additional 14 shares during the period. Union Bancaire Privee UBP SA bought a new stake in AutoZone during the 4th quarter worth about $10,030,000. Principal Securities Inc. lifted its position in AutoZone by 62.7% during the 4th quarter. Principal Securities Inc. now owns 122 shares of the company's stock valued at $391,000 after purchasing an additional 47 shares during the period. Allworth Financial LP boosted its stake in shares of AutoZone by 15.5% in the 4th quarter. Allworth Financial LP now owns 97 shares of the company's stock valued at $322,000 after purchasing an additional 13 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of AutoZone by 4.1% during the 4th quarter. CIBC Asset Management Inc now owns 2,600 shares of the company's stock worth $8,325,000 after buying an additional 103 shares during the period. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AutoZone news, CEO Philip B. Daniele sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the sale, the chief executive officer now owns 163 shares in the company, valued at approximately $619,401.63. The trade was a 92.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman William C. Rhodes III sold 27,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the transaction, the chairman now directly owns 8,546 shares of the company's stock, valued at $31,696,515.78. This represents a 76.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,912 shares of company stock worth $136,901,262. Corporate insiders own 2.10% of the company's stock.

AutoZone Stock Performance

Shares of AZO opened at $3,599.90 on Thursday. The firm has a market cap of $60.41 billion, a P/E ratio of 24.36, a PEG ratio of 2.16 and a beta of 0.40. AutoZone, Inc. has a twelve month low of $2,801.49 and a twelve month high of $3,916.81. The firm's 50 day moving average price is $3,699.42 and its two-hundred day moving average price is $3,515.58.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The company's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $36.69 earnings per share. On average, sell-side analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AZO. Roth Mkm increased their price objective on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Evercore ISI set a $3,950.00 target price on shares of AutoZone in a research report on Monday, May 19th. JPMorgan Chase & Co. increased their price target on AutoZone from $3,830.00 to $4,350.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. The Goldman Sachs Group set a $3,811.00 price objective on AutoZone in a research note on Friday, May 23rd. Finally, UBS Group increased their target price on AutoZone from $4,025.00 to $4,260.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, AutoZone presently has an average rating of "Buy" and a consensus target price of $4,072.24.

AutoZone Company 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.

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