High Note Wealth LLC Purchases 18 Shares of AutoZone, Inc. $AZO

High Note Wealth LLC boosted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,052 shares of the company’s stock after acquiring an additional 18 shares during the quarter. AutoZone accounts for about 1.7% of High Note Wealth LLC’s portfolio, making the stock its 19th largest position. High Note Wealth LLC’s holdings in AutoZone were worth $7,617,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AZO. Wealthcare Advisory Partners LLC lifted its holdings in AutoZone by 2.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 141 shares of the company’s stock worth $538,000 after purchasing an additional 3 shares in the last quarter. Focus Financial Network Inc. increased its position in shares of AutoZone by 2.9% during the first quarter. Focus Financial Network Inc. now owns 105 shares of the company’s stock valued at $400,000 after buying an additional 3 shares during the period. Blue Trust Inc. increased its position in shares of AutoZone by 3.5% during the first quarter. Blue Trust Inc. now owns 89 shares of the company’s stock valued at $339,000 after buying an additional 3 shares during the period. Rappaport Reiches Capital Management LLC lifted its holdings in shares of AutoZone by 4.8% in the first quarter. Rappaport Reiches Capital Management LLC now owns 66 shares of the company’s stock worth $252,000 after buying an additional 3 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in shares of AutoZone by 30.0% in the first quarter. Tradewinds Capital Management LLC now owns 13 shares of the company’s stock valued at $50,000 after acquiring an additional 3 shares during the period. Institutional investors own 92.74% of the company’s stock.

AutoZone Trading Down 1.0%

Shares of NYSE AZO opened at $4,173.92 on Tuesday. The stock’s 50-day moving average is $4,133.69 and its 200 day moving average is $3,848.42. The stock has a market cap of $70.04 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 1.98 and a beta of 0.40. AutoZone, Inc. has a 1-year low of $2,980.10 and a 1-year high of $4,388.11.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, September 23rd. The company reported $48.71 EPS for the quarter, missing analysts’ consensus estimates of $50.52 by ($1.81). The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.26 billion. AutoZone had a net margin of 13.19% and a negative return on equity of 60.49%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $51.58 earnings per share. On average, analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insider Buying and Selling at AutoZone

In other news, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $3,875.90, for a total transaction of $11,627,700.00. Following the transaction, the vice president directly owned 2,925 shares of the company’s stock, valued at approximately $11,337,007.50. This trade represents a 50.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John Scott Murphy sold 2,860 shares of the business’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $4,175.70, for a total value of $11,942,502.00. Following the completion of the sale, the vice president directly owned 1,244 shares of the company’s stock, valued at approximately $5,194,570.80. This trade represents a 69.69% decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AZO. Wolfe Research assumed coverage on shares of AutoZone in a report on Thursday, September 18th. They set an “outperform” rating and a $4,741.00 target price on the stock. Raymond James Financial decreased their price target on shares of AutoZone from $4,900.00 to $4,800.00 and set a “strong-buy” rating on the stock in a report on Wednesday, September 24th. Jefferies Financial Group lifted their price objective on AutoZone from $4,255.00 to $4,750.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Cowen restated a “buy” rating on shares of AutoZone in a research note on Thursday, September 18th. Finally, Mizuho lifted their price target on AutoZone from $3,740.00 to $4,050.00 and gave the company an “outperform” rating in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,538.21.

About AutoZone

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.