Mitsubishi UFJ Trust & Banking Corp Purchases 86 Shares of AutoZone, Inc. (NYSE:AZO)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in AutoZone, Inc. (NYSE:AZO) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,086 shares of the company’s stock after purchasing an additional 86 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in AutoZone were worth $70,719,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AZO. Flagship Wealth Advisors LLC bought a new stake in shares of AutoZone in the 4th quarter valued at approximately $32,000. Harbour Investments Inc. boosted its stake in AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after buying an additional 3 shares during the period. Crews Bank & Trust bought a new position in AutoZone during the fourth quarter valued at $61,000. McIlrath & Eck LLC raised its stake in shares of AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in shares of AutoZone in the 4th quarter worth about $67,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AZO. Truist Financial increased their price objective on shares of AutoZone from $3,753.00 to $3,841.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Argus lowered AutoZone from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Mizuho upped their price objective on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Evercore ISI increased their target price on AutoZone from $3,525.00 to $3,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Finally, DA Davidson raised shares of AutoZone from a “neutral” rating to a “buy” rating and boosted their target price for the company from $3,500.00 to $4,192.00 in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $3,683.36.

Insider Transactions at AutoZone

In related news, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now directly owns 50 shares in the company, valued at $177,500. The trade was a 76.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Richard Craig Smith sold 2,850 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the completion of the sale, the vice president now owns 2,924 shares of the company’s stock, valued at approximately $10,555,640. This trade represents a 49.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,721 shares of company stock valued at $17,009,311. Corporate insiders own 2.10% of the company’s stock.

AutoZone Stock Performance

Shares of AutoZone stock opened at $3,675.49 on Wednesday. The company has a market capitalization of $61.68 billion, a PE ratio of 24.56, a P/E/G ratio of 1.86 and a beta of 0.71. The company has a 50-day simple moving average of $3,450.75 and a two-hundred day simple moving average of $3,267.24. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,704.43.

AutoZone (NYSE:AZO) last posted 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). The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. On average, equities analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

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.