Mogy Joel R Investment Counsel Inc. Raises Stake in AutoZone, Inc. (NYSE:AZO)

Mogy Joel R Investment Counsel Inc. raised its position in AutoZone, Inc. (NYSE:AZO) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,969 shares of the company’s stock after acquiring an additional 338 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in AutoZone were worth $5,091,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AZO. Private Trust Co. NA lifted its stake in AutoZone by 2.9% in the third quarter. Private Trust Co. NA now owns 142 shares of the company’s stock worth $361,000 after acquiring an additional 4 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of AutoZone by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 7,958 shares of the company’s stock worth $20,213,000 after buying an additional 40 shares during the last quarter. Aaron Wealth Advisors LLC purchased a new stake in shares of AutoZone during the 3rd quarter worth approximately $201,000. Handelsbanken Fonder AB lifted its position in shares of AutoZone by 1.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 6,978 shares of the company’s stock worth $17,724,000 after buying an additional 78 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of AutoZone by 1.1% during the 3rd quarter. Ballentine Partners LLC now owns 557 shares of the company’s stock worth $1,414,000 after buying an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

AZO traded up $0.73 during trading on Friday, hitting $2,945.98. The stock had a trading volume of 115,841 shares, compared to its average volume of 128,387. The firm has a market capitalization of $51.02 billion, a P/E ratio of 20.76, a PEG ratio of 1.46 and a beta of 0.70. The company’s 50-day moving average price is $3,029.04 and its 200 day moving average price is $2,772.66. AutoZone, Inc. has a twelve month low of $2,277.88 and a twelve month high of $3,256.37.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $26.08 by $2.81. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.32 billion. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. AutoZone’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $24.64 EPS. As a group, equities analysts expect that AutoZone, Inc. will post 152.4 earnings per share for the current fiscal year.

Insider Buying and Selling at AutoZone

In other news, CEO Philip B. Daniele sold 4,190 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $3,161.68, for a total transaction of $13,247,439.20. Following the transaction, the chief executive officer now directly owns 900 shares of the company’s stock, valued at approximately $2,845,512. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Richard Craig Smith sold 3,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the transaction, the vice president now directly owns 2,921 shares of the company’s stock, valued at approximately $8,756,456.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Philip B. Daniele sold 4,190 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $3,161.68, for a total transaction of $13,247,439.20. Following the transaction, the chief executive officer now directly owns 900 shares in the company, valued at $2,845,512. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,990 shares of company stock valued at $50,335,193. 2.50% of the stock is owned by company insiders.

Analyst Ratings Changes

AZO has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of AutoZone from $3,363.00 to $3,523.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Mizuho initiated coverage on shares of AutoZone in a research report on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 price objective for the company. UBS Group boosted their price objective on shares of AutoZone from $3,100.00 to $3,425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, DA Davidson upped their price target on shares of AutoZone from $2,770.00 to $3,025.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3,086.61.

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.