Wellington Management Group LLP Has $243.79 Million Position in AutoZone, Inc. (NYSE:AZO)

Wellington Management Group LLP cut its holdings in AutoZone, Inc. (NYSE:AZO) by 1.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 76,136 shares of the company’s stock after selling 1,035 shares during the quarter. Wellington Management Group LLP’s holdings in AutoZone were worth $243,787,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. O Shaughnessy Asset Management LLC boosted its holdings in shares of AutoZone by 0.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,912 shares of the company’s stock valued at $12,526,000 after buying an additional 33 shares during the period. Brandywine Global Investment Management LLC increased its holdings in AutoZone by 3.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 10,158 shares of the company’s stock worth $32,526,000 after purchasing an additional 383 shares in the last quarter. Physician Wealth Advisors Inc. bought a new position in AutoZone during the 4th quarter worth about $122,000. RWA Wealth Partners LLC raised its stake in shares of AutoZone by 17.3% in the 4th quarter. RWA Wealth Partners LLC now owns 597 shares of the company’s stock valued at $1,912,000 after purchasing an additional 88 shares during the period. Finally, Schroder Investment Management Group boosted its position in shares of AutoZone by 5.9% during the fourth quarter. Schroder Investment Management Group now owns 84,176 shares of the company’s stock worth $268,160,000 after buying an additional 4,654 shares during the period. 92.74% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Philip B. Daniele sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the transaction, the chief executive officer now directly owns 163 shares of the company’s stock, valued at approximately $619,401.63. This trade represents a 92.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Richard Craig Smith sold 2,850 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the completion of the sale, the vice president now owns 2,924 shares of the company’s stock, valued at approximately $10,555,640. This trade represents a 49.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,721 shares of company stock valued at $24,609,331. 2.10% of the stock is owned by company insiders.

AutoZone Stock Down 0.0 %

Shares of NYSE:AZO opened at $3,812.19 on Wednesday. The stock has a market cap of $63.98 billion, a PE ratio of 25.47, a P/E/G ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,842.82. The business has a 50 day moving average of $3,506.05 and a 200-day moving average of $3,290.64.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. Equities research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America lifted their target price on AutoZone from $3,600.00 to $3,700.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Wells Fargo & Company raised their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. UBS Group upped their target price on AutoZone from $3,875.00 to $4,025.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Barclays raised their price target on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, JPMorgan Chase & Co. increased their price objective on AutoZone from $3,775.00 to $3,830.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,724.00.

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.