Westpac Banking Corp Purchases 14 Shares of AutoZone, Inc. (NYSE:AZO)

Share on StockTwits

Westpac Banking Corp lifted its position in shares of AutoZone, Inc. (NYSE:AZO) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,839 shares of the company’s stock after purchasing an additional 14 shares during the period. Westpac Banking Corp’s holdings in AutoZone were worth $3,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meridian Wealth Management LLC acquired a new stake in AutoZone during the first quarter worth approximately $26,000. Legacy Bridge LLC acquired a new stake in AutoZone during the first quarter worth approximately $38,000. Advantage Investment Management LLC grew its position in AutoZone by 46.4% during the second quarter. Advantage Investment Management LLC now owns 41 shares of the company’s stock worth $45,000 after buying an additional 13 shares in the last quarter. Berman Capital Advisors LLC grew its position in AutoZone by 30.3% during the first quarter. Berman Capital Advisors LLC now owns 43 shares of the company’s stock worth $44,000 after buying an additional 10 shares in the last quarter. Finally, Private Capital Group LLC grew its position in AutoZone by 252.4% during the first quarter. Private Capital Group LLC now owns 74 shares of the company’s stock worth $76,000 after buying an additional 53 shares in the last quarter. Institutional investors own 95.92% of the company’s stock.

In other news, insider William R. Hackney sold 2,497 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $1,038.47, for a total value of $2,593,059.59. Following the completion of the transaction, the insider now directly owns 3,279 shares in the company, valued at approximately $3,405,143.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark A. Finestone sold 9,400 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $1,052.92, for a total value of $9,897,448.00. Following the completion of the transaction, the insider now owns 11,697 shares of the company’s stock, valued at $12,316,005.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,407 shares of company stock worth $35,831,748. Company insiders own 2.80% of the company’s stock.

A number of equities research analysts recently issued reports on AZO shares. Wells Fargo & Co reissued a “buy” rating and set a $1,140.00 price target on shares of AutoZone in a research report on Tuesday, May 21st. Credit Suisse Group set a $1,131.00 price target on AutoZone and gave the stock a “positive” rating in a research report on Tuesday, April 23rd. They noted that the move was a valuation call. Citigroup increased their price target on AutoZone from $1,206.00 to $1,234.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. CIBC raised AutoZone from a “market perform” rating to an “outperform” rating in a research report on Friday, June 28th. Finally, Goldman Sachs Group started coverage on AutoZone in a research report on Thursday, July 11th. They set a “neutral” rating and a $1,183.00 price target on the stock. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,061.25.

Shares of AZO stock opened at $1,091.74 on Friday. The stock’s fifty day moving average price is $1,125.97 and its two-hundred day moving average price is $1,033.93. The company has a market cap of $26.78 billion, a PE ratio of 21.69, a P/E/G ratio of 1.39 and a beta of 0.65. AutoZone, Inc. has a fifty-two week low of $705.01 and a fifty-two week high of $1,186.60.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, May 21st. The company reported $15.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $15.23 by $0.76. The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.77 billion. AutoZone had a negative return on equity of 97.19% and a net margin of 12.70%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $13.42 EPS. Analysts expect that AutoZone, Inc. will post 62.51 EPS for the current fiscal year.

AutoZone Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

Featured Article: What is a Reverse Stock Split?

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Family Management Corp Acquires 431 Shares of Mcdonald’s Corp
Family Management Corp Acquires 431 Shares of Mcdonald’s Corp
Family Management Corp Increases Stock Holdings in Nuveen Arizona Premium Income Mun Fd
Family Management Corp Increases Stock Holdings in Nuveen Arizona Premium Income Mun Fd
Family Management Corp Has $383,000 Stock Holdings in Invesco Variable Rate Preferred ETF
Family Management Corp Has $383,000 Stock Holdings in Invesco Variable Rate Preferred ETF
Family Management Corp Sells 850 Shares of Bristol-Myers Squibb Co
Family Management Corp Sells 850 Shares of Bristol-Myers Squibb Co
CPV Partners LLC Buys New Holdings in Laureate Education Inc
CPV Partners LLC Buys New Holdings in Laureate Education Inc
Family Management Corp Increases Stake in Blackrock Muniholdings New York Qulty Fd
Family Management Corp Increases Stake in Blackrock Muniholdings New York Qulty Fd


© 2006-2019 Ticker Report