Citizens National Bank Trust Department Grows Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Citizens National Bank Trust Department raised its position in AutoZone, Inc. (NYSE:AZO) by 5.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 382 shares of the company’s stock after acquiring an additional 21 shares during the quarter. Citizens National Bank Trust Department’s holdings in AutoZone were worth $1,203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AZO. International Assets Investment Management LLC increased its position in shares of AutoZone by 354,692.5% during the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after buying an additional 993,139 shares during the period. PineStone Asset Management Inc. increased its position in shares of AutoZone by 137.6% during the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock valued at $918,998,000 after buying an additional 179,543 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of AutoZone during the second quarter valued at about $424,000. Captrust Financial Advisors increased its position in shares of AutoZone by 564.2% during the first quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock valued at $479,338,000 after buying an additional 129,193 shares during the period. Finally, Baillie Gifford & Co. increased its position in shares of AutoZone by 2,714.8% during the second quarter. Baillie Gifford & Co. now owns 120,194 shares of the company’s stock valued at $356,267,000 after buying an additional 115,924 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Down 0.9 %

Shares of AutoZone stock opened at $2,981.19 on Monday. The company has a market cap of $50.38 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.52 and a beta of 0.71. The company’s 50 day moving average is $3,119.23 and its 200 day moving average is $3,013.44. AutoZone, Inc. has a twelve month low of $2,491.50 and a twelve month high of $3,256.37.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). The company had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.25 billion. AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $46.46 EPS. Sell-side analysts expect that AutoZone, Inc. will post 158.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AZO shares. Mizuho boosted their price target on shares of AutoZone from $3,280.00 to $3,350.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Wedbush reissued an “outperform” rating and set a $3,200.00 price objective on shares of AutoZone in a research note on Thursday, September 19th. DA Davidson reissued a “neutral” rating and set a $3,025.00 price objective on shares of AutoZone in a research note on Monday, September 30th. 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. Finally, Truist Financial boosted their price objective on shares of AutoZone from $3,341.00 to $3,501.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $3,202.71.

Insider Activity at AutoZone

In related news, Chairman William C. Rhodes III sold 300 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the transaction, the chairman now owns 13,857 shares in the company, valued at $42,613,046.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other AutoZone news, Chairman William C. Rhodes III sold 300 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the completion of the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $42,613,046.40. This represents a 0.00 % 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, VP John Scott Murphy sold 1,580 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the sale, the vice president now directly owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,880 shares of company stock worth $46,225,660 over the last quarter. Company insiders own 2.50% of the company’s stock.

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.