Wellington Wealth Strategies LLC. Has $2.18 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Wellington Wealth Strategies LLC. decreased its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 16.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 629 shares of the company's stock after selling 128 shares during the period. AutoZone comprises 2.1% of Wellington Wealth Strategies LLC.'s holdings, making the stock its 13th largest holding. Wellington Wealth Strategies LLC.'s holdings in AutoZone were worth $2,182,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Pittenger & Anderson Inc. raised its position in AutoZone by 5.2% in the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company's stock worth $195,000 after acquiring an additional 3 shares during the period. Sound View Wealth Advisors Group LLC raised its position in AutoZone by 2.0% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock worth $487,000 after acquiring an additional 3 shares during the period. Harbour Investments Inc. raised its position in AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after acquiring an additional 3 shares during the period. PDS Planning Inc raised its position in AutoZone by 2.3% in the fourth quarter. PDS Planning Inc now owns 132 shares of the company's stock worth $423,000 after acquiring an additional 3 shares during the period. Finally, Meeder Advisory Services Inc. raised its position in AutoZone by 0.8% in the fourth quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock worth $1,188,000 after acquiring an additional 3 shares during the period. Institutional investors and hedge funds own 92.74% of the company's stock.

Insider Transactions at AutoZone

In other news, VP Domingo Hurtado sold 4,800 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the completion of the sale, the vice president now directly owns 159 shares of the company's stock, valued at approximately $581,940. This trade represents a 96.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the sale, the senior vice president now directly owns 50 shares of the company's stock, valued at approximately $177,500. This represents a 76.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,521 shares of company stock valued at $42,177,331. Company insiders own 2.10% of the company's stock.

AutoZone Stock Up 2.4%

Shares of AZO opened at $3,877.00 on Tuesday. The stock has a market capitalization of $65.06 billion, a P/E ratio of 25.90, a PEG ratio of 1.86 and a beta of 0.44. The firm has a fifty day simple moving average of $3,664.99 and a two-hundred day simple moving average of $3,429.72. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. Sell-side analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of AutoZone from $3,850.00 to $4,200.00 and gave the company an "overweight" rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on shares of AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. StockNews.com raised shares of AutoZone from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. UBS Group boosted 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 report on Wednesday, March 5th. Finally, Bank of America boosted their price target on shares of AutoZone from $3,600.00 to $3,700.00 and gave the company a "neutral" rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $3,837.82.

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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