Burney Co. Sells 1,363 Shares of AutoZone, Inc. (NYSE:AZO)

Burney Co. decreased its position in shares of AutoZone, Inc. (NYSE:AZO) by 15.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,561 shares of the company’s stock after selling 1,363 shares during the period. AutoZone comprises 0.9% of Burney Co.’s holdings, making the stock its 23rd largest holding. Burney Co.’s holdings in AutoZone were worth $24,211,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in shares of AutoZone by 18.1% during the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock worth $141,717,000 after buying an additional 6,898 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in AutoZone by 186.8% during the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after acquiring an additional 60,483 shares in the last quarter. Silverleafe Capital Partners LLC raised its stake in AutoZone by 1.0% during the fourth quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock worth $8,460,000 after acquiring an additional 26 shares in the last quarter. Verde Capital Management bought a new position in AutoZone in the 3rd quarter valued at approximately $1,137,000. Finally, Mizuho Securities USA LLC lifted its stake in shares of AutoZone by 592.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock valued at $29,012,000 after acquiring an additional 7,879 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Stock Up 0.6 %

Shares of AutoZone stock opened at $3,247.49 on Wednesday. The company has a market cap of $54.50 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a 52 week low of $2,575.00 and a 52 week high of $3,416.71. The business has a 50 day moving average price of $3,219.74 and a 200-day moving average price of $3,129.05.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share 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 last year, the business posted $32.55 earnings per share. AutoZone’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts anticipate that AutoZone, Inc. will post 154.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AZO. Evercore ISI lifted their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Wedbush reaffirmed an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a research note on Thursday, September 19th. Morgan Stanley boosted their price objective on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. BNP Paribas raised AutoZone to a “strong-buy” rating in a research report on Wednesday, September 25th. Finally, Argus increased their price target on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

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.