Mogy Joel R Investment Counsel Inc. Acquires 338 Shares of AutoZone, Inc. (NYSE:AZO)

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

A number of other large investors have also recently made changes to their positions in AZO. Private Trust Co. NA increased its holdings in shares of AutoZone by 2.9% in the 3rd quarter. Private Trust Co. NA now owns 142 shares of the company’s stock worth $361,000 after buying an additional 4 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in AutoZone by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 7,958 shares of the company’s stock valued at $20,213,000 after purchasing an additional 40 shares during the last quarter. Aaron Wealth Advisors LLC bought a new position in AutoZone during the 3rd quarter valued at about $201,000. Handelsbanken Fonder AB grew its holdings in AutoZone by 1.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 6,978 shares of the company’s stock valued at $17,724,000 after purchasing an additional 78 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in AutoZone by 1.1% during the 3rd quarter. Ballentine Partners LLC now owns 557 shares of the company’s stock valued at $1,414,000 after purchasing an additional 6 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AZO has been the topic of several analyst reports. Morgan Stanley upped their price target on shares of AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. 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 report on Wednesday, February 28th. Evercore ISI lowered their price objective on shares of AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Barclays boosted their price objective on shares of AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and a consensus target price of $3,086.61.

Insider Activity at AutoZone

In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the transaction, the chairman now owns 15,357 shares in the company, valued at approximately $48,992,208.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other AutoZone news, VP Eric S. Gould sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the transaction, the vice president now owns 910 shares in the company, valued at approximately $2,912,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the transaction, the chairman now owns 15,357 shares in the company, valued at approximately $48,992,208.54. The disclosure for this sale can be found here. Insiders sold 15,990 shares of company stock valued at $50,335,193 over the last 90 days. Insiders own 2.50% of the company’s stock.

AutoZone Stock Performance

NYSE:AZO traded up $0.73 during midday trading on Friday, reaching $2,945.98. 115,841 shares of the stock traded hands, compared to its average volume of 128,387. AutoZone, Inc. has a 12-month low of $2,277.88 and a 12-month high of $3,256.37. The business has a 50-day moving average of $3,029.04 and a two-hundred day moving average of $2,772.66. The stock has a market capitalization of $51.02 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.46 and a beta of 0.70.

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