Mogy Joel R Investment Counsel Inc. Grows Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Mogy Joel R Investment Counsel Inc. lifted its position in AutoZone, Inc. (NYSE:AZO) by 35.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,930 shares of the company’s stock after buying an additional 1,299 shares during the period. AutoZone makes up about 1.0% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 28th largest position. Mogy Joel R Investment Counsel Inc.’s holdings in AutoZone were worth $15,530,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AZO. SG Americas Securities LLC boosted its position in shares of AutoZone by 35.3% in the 1st quarter. SG Americas Securities LLC now owns 3,534 shares of the company’s stock worth $11,138,000 after purchasing an additional 922 shares in the last quarter. Sei Investments Co. raised its stake in AutoZone by 60.7% in the 1st quarter. Sei Investments Co. now owns 22,315 shares of the company’s stock worth $70,326,000 after acquiring an additional 8,427 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in AutoZone by 12.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 3,509 shares of the company’s stock worth $11,059,000 after acquiring an additional 401 shares during the last quarter. Peak Financial Advisors LLC acquired a new stake in AutoZone during the 2nd quarter worth about $2,816,000. Finally, Nomura Holdings Inc. purchased a new stake in AutoZone during the 4th quarter valued at about $879,000. 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 commented on AZO. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. Citigroup decreased their price objective on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a research note on Tuesday. Wedbush reaffirmed an “outperform” rating and issued a $3,200.00 price target on shares of AutoZone in a report on Thursday, September 19th. Finally, The Goldman Sachs Group lowered AutoZone from a “buy” rating to a “sell” rating and reduced their price objective for the company from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $3,202.71.

Insider Buying and Selling at AutoZone

In related news, Chairman William C. Rhodes III sold 300 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total value of $922,560.00. Following the transaction, the chairman now owns 13,857 shares of the company’s stock, valued at $42,613,046.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Chairman William C. Rhodes III sold 13,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the completion of the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman William C. Rhodes III sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total value of $922,560.00. Following the transaction, the chairman now owns 13,857 shares in the company, valued at $42,613,046.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,880 shares of company stock valued at $46,225,660. Insiders own 2.50% of the company’s stock.

AutoZone Price Performance

Shares of NYSE AZO opened at $3,182.07 on Friday. The company has a market cap of $54.36 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70. The stock’s 50-day moving average is $3,133.09 and its two-hundred day moving average is $3,008.48. AutoZone, Inc. has a 1-year low of $2,375.35 and a 1-year high of $3,256.37.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The company had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same period in the prior year, the firm posted $46.46 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts anticipate that AutoZone, Inc. will post 157.99 earnings per share for the current fiscal year.

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.