Tokio Marine Asset Management Co. Ltd. Has $1.54 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 490 shares of the company’s stock after purchasing an additional 10 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in AutoZone were worth $1,544,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone in the third quarter worth $36,000. Meeder Asset Management Inc. increased its holdings in shares of AutoZone by 50.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock worth $44,000 after purchasing an additional 5 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of AutoZone during the third quarter valued at about $47,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of AutoZone in the second quarter valued at about $50,000. Finally, ORG Partners LLC acquired a new stake in AutoZone during the second quarter worth about $50,000. 92.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on AZO shares. UBS Group raised their price objective on AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Truist Financial lifted their price target 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. Citigroup dropped their price objective on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Roth Capital raised shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, DA Davidson restated a “neutral” rating and set a $3,025.00 price target on shares of AutoZone in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $3,202.71.

AutoZone Trading Down 0.8 %

Shares of NYSE AZO opened at $3,137.38 on Friday. The company has a fifty day moving average price of $3,112.51 and a 200 day moving average price of $3,022.53. AutoZone, Inc. has a 1-year low of $2,510.00 and a 1-year high of $3,256.37. The firm has a market cap of $53.03 billion, a PE ratio of 20.96, a PEG ratio of 1.61 and a beta of 0.71.

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

Insider Buying and Selling at AutoZone

In related news, Chairman William C. Rhodes III sold 300 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the transaction, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $42,613,046.40. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the sale, the vice president now directly owns 1,218 shares of the company’s stock, valued at $3,785,166.42. This represents a 56.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,880 shares of company stock worth $46,225,660. Insiders own 2.10% of the company’s stock.

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.