Vontobel Holding Ltd. Sells 47 Shares of AutoZone, Inc. (NYSE:AZO)

Vontobel Holding Ltd. cut its stake in shares of AutoZone, Inc. (NYSE:AZO) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 522 shares of the company’s stock after selling 47 shares during the quarter. Vontobel Holding Ltd.’s holdings in AutoZone were worth $1,671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Avestar Capital LLC boosted its stake in AutoZone by 1.3% during the fourth quarter. Avestar Capital LLC now owns 452 shares of the company’s stock worth $1,447,000 after acquiring an additional 6 shares in the last quarter. Hemington Wealth Management lifted its stake in shares of AutoZone by 25.0% in the fourth quarter. Hemington Wealth Management now owns 30 shares of the company’s stock valued at $96,000 after buying an additional 6 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of AutoZone by 11.4% in the fourth quarter. Van ECK Associates Corp now owns 2,638 shares of the company’s stock valued at $8,447,000 after buying an additional 270 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its stake in shares of AutoZone by 6.3% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 135 shares of the company’s stock valued at $432,000 after buying an additional 8 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its stake in shares of AutoZone by 3.2% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 194 shares of the company’s stock valued at $621,000 after buying an additional 6 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AZO has been the topic of a number of recent research reports. Mizuho raised their price objective on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Citigroup increased their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. TD Cowen increased their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. Truist Financial increased their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, BMO Capital Markets assumed coverage on shares of AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Trading Down 0.2 %

AZO stock opened at $3,461.94 on Tuesday. The firm has a 50 day moving average of $3,315.89 and a 200-day moving average of $3,198.06. AutoZone, Inc. has a 12 month low of $2,680.96 and a 12 month high of $3,484.42. The firm has a market capitalization of $58.09 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70.

AutoZone (NYSE:AZO) last announced 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 net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the firm earned $32.55 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

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.