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

Wellington Management Group LLP cut its position in AutoZone, Inc. (NYSE:AZO) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,136 shares of the company’s stock after selling 1,035 shares during the quarter. Wellington Management Group LLP owned approximately 0.45% of AutoZone worth $243,787,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AZO. Geode Capital Management LLC increased its stake in shares of AutoZone by 1.8% in the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock worth $1,326,545,000 after purchasing an additional 7,365 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of AutoZone by 482,040.2% during the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock worth $1,343,117,000 after buying an additional 419,375 shares during the last quarter. Norges Bank bought a new stake in shares of AutoZone in the fourth quarter valued at approximately $834,556,000. PineStone Asset Management Inc. grew its stake in shares of AutoZone by 6.9% in the fourth quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company’s stock worth $683,867,000 after acquiring an additional 13,771 shares during the last quarter. Finally, Marshfield Associates increased its position in AutoZone by 0.5% during the third quarter. Marshfield Associates now owns 169,586 shares of the company’s stock worth $534,204,000 after acquiring an additional 796 shares during the period. Institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

AZO has been the topic of several research analyst reports. Roth Mkm raised their price target on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Mizuho increased their price objective on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Argus downgraded AutoZone from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. UBS Group lifted their price objective on AutoZone from $3,875.00 to $4,025.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group raised shares of AutoZone from a “sell” rating to a “neutral” rating and upped their target price for the stock from $3,044.00 to $3,811.00 in a report on Tuesday. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and an average price target of $3,724.00.

Insider Transactions at AutoZone

In other AutoZone news, CEO Philip B. Daniele sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was 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 owns 163 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the transaction, the senior vice president now owns 50 shares of the company’s stock, valued at $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,721 shares of company stock worth $24,609,331 in the last three months. Insiders own 2.10% of the company’s stock.

AutoZone Stock Down 0.0 %

Shares of AZO stock opened at $3,812.19 on Wednesday. The firm has a market cap of $63.98 billion, a price-to-earnings ratio of 25.47, a PEG 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 stock has a 50-day moving average price of $3,506.05 and a 200 day moving average price of $3,290.64.

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

About AutoZone

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.