Duncan Williams Asset Management LLC Has $4.14 Million Stake in AutoZone, Inc. (NYSE:AZO)

Duncan Williams Asset Management LLC grew its position in AutoZone, Inc. (NYSE:AZO) by 27.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,294 shares of the company’s stock after buying an additional 277 shares during the quarter. AutoZone accounts for about 1.6% of Duncan Williams Asset Management LLC’s portfolio, making the stock its 13th largest holding. Duncan Williams Asset Management LLC’s holdings in AutoZone were worth $4,143,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AZO. Thrivent Financial for Lutherans increased its holdings in shares of AutoZone by 5.1% during the second quarter. Thrivent Financial for Lutherans now owns 1,248 shares of the company’s stock worth $3,699,000 after buying an additional 61 shares in the last quarter. Public Sector Pension Investment Board raised its position in AutoZone by 67.0% in the second quarter. Public Sector Pension Investment Board now owns 643 shares of the company’s stock valued at $1,906,000 after purchasing an additional 258 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in shares of AutoZone during the second quarter valued at about $3,649,000. Mackenzie Financial Corp grew its holdings in shares of AutoZone by 1.5% during the second quarter. Mackenzie Financial Corp now owns 42,311 shares of the company’s stock worth $125,414,000 after purchasing an additional 615 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of AutoZone by 2.3% in the second quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock valued at $446,684,000 after buying an additional 3,382 shares during the period. Institutional investors own 92.74% of the company’s stock.

AutoZone Trading Down 1.3 %

AutoZone stock opened at $3,328.28 on Friday. AutoZone, Inc. has a 12 month low of $2,672.31 and a 12 month high of $3,416.71. The business’s fifty day simple moving average is $3,238.73 and its two-hundred day simple moving average is $3,149.01. The company has a market capitalization of $55.85 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the firm posted $32.55 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Roth Mkm reaffirmed a “buy” rating and issued a $3,634.00 price objective on shares of AutoZone in a research note on Wednesday, October 16th. Wells Fargo & Company upped their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Redburn Atlantic raised shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group cut shares of AutoZone from a “buy” rating to a “sell” rating and cut their price target for the company from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. Finally, Mizuho lifted their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and a consensus target price of $3,429.84.

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.