Cigna Investments Inc. New Sells 8 Shares of AutoZone, Inc. (NYSE:AZO)

Cigna Investments Inc. New lessened its position in AutoZone, Inc. (NYSE:AZOFree Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 189 shares of the company’s stock after selling 8 shares during the period. Cigna Investments Inc. New’s holdings in AutoZone were worth $488,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC bought a new stake in AutoZone in the 3rd quarter worth $25,000. Rock Creek Group LP bought a new stake in shares of AutoZone during the 3rd quarter valued at about $25,000. First Capital Advisors Group LLC. bought a new stake in shares of AutoZone during the 2nd quarter valued at about $32,000. MUFG Americas Holdings Corp boosted its stake in shares of AutoZone by 166.7% during the 3rd quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock valued at $34,000 after purchasing an additional 10 shares in the last quarter. Finally, Mascoma Wealth Management LLC bought a new stake in shares of AutoZone during the 3rd quarter valued at about $38,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of AutoZone stock opened at $3,151.65 on Monday. The stock has a market capitalization of $54.52 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70. AutoZone, Inc. has a 52-week low of $2,277.88 and a 52-week high of $3,256.37. The company has a 50-day simple moving average of $2,929.55 and a two-hundred day simple moving average of $2,707.69.

AutoZone (NYSE:AZOGet Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $26.08 by $2.81. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.32 billion. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $24.64 earnings per share. As a group, equities research analysts forecast that AutoZone, Inc. will post 151.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other AutoZone news, Director George R. Mrkonic, Jr. sold 414 shares of AutoZone stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $2,541.85, for a total value of $1,052,325.90. Following the completion of the transaction, the director now directly owns 3,470 shares of the company’s stock, valued at $8,820,219.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Thomas B. Newbern sold 7,800 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $2,551.62, for a total transaction of $19,902,636.00. Following the completion of the transaction, the chief operating officer now directly owns 2,519 shares of the company’s stock, valued at $6,427,530.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George R. Mrkonic, Jr. sold 414 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $2,541.85, for a total transaction of $1,052,325.90. Following the transaction, the director now directly owns 3,470 shares of the company’s stock, valued at $8,820,219.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,797 shares of company stock valued at $81,010,974. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

AZO has been the topic of a number of research reports. Raymond James raised shares of AutoZone from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $2,850.00 to $3,100.00 in a research note on Wednesday, December 6th. Morgan Stanley lifted their target price on shares of AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Wedbush lifted their target price on shares of AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. TheStreet lowered shares of AutoZone from a “c” rating to a “d+” rating in a research note on Wednesday, December 20th. Finally, Stephens lifted their price target on shares of AutoZone from $3,000.00 to $3,070.00 and gave the company an “overweight” rating in a research report on Wednesday, December 6th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,080.72.

Get Our Latest Analysis on AutoZone

About AutoZone

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.