Tobam purchased a new stake in AutoZone, Inc. (NYSE:AZO) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,857 shares of the company’s stock, valued at approximately $3,912,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AZO. BlackRock Inc. raised its position in AutoZone by 2,993.2% in the first quarter. BlackRock Inc. now owns 2,029,985 shares of the company’s stock worth $1,467,778,000 after buying an additional 1,964,358 shares in the last quarter. OppenheimerFunds Inc. raised its position in AutoZone by 103.6% in the first quarter. OppenheimerFunds Inc. now owns 693,624 shares of the company’s stock worth $501,525,000 after buying an additional 352,990 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in AutoZone during the first quarter worth approximately $114,285,000. JPMorgan Chase & Co. raised its position in AutoZone by 24.5% in the first quarter. JPMorgan Chase & Co. now owns 637,592 shares of the company’s stock worth $461,012,000 after buying an additional 125,566 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its position in AutoZone by 35.8% in the first quarter. Burgundy Asset Management Ltd. now owns 401,278 shares of the company’s stock worth $290,144,000 after buying an additional 105,796 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Shares of AutoZone, Inc. (NYSE:AZO) opened at 525.40 on Tuesday. The company has a market cap of $14.73 billion, a PE ratio of 12.14 and a beta of 0.61. AutoZone, Inc. has a 1-year low of $491.13 and a 1-year high of $813.70. The company has a 50-day moving average of $517.97 and a 200-day moving average of $635.31.

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A number of equities research analysts have issued reports on AZO shares. Barclays PLC decreased their target price on shares of AutoZone from $870.00 to $710.00 and set an “overweight” rating for the company in a research note on Thursday, July 6th. Wolfe Research lowered shares of AutoZone from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. BidaskClub raised shares of AutoZone from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Goldman Sachs Group, Inc. (The) raised shares of AutoZone from a “neutral” rating to a “buy” rating and lifted their target price for the company from $615.62 to $662.00 in a research note on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of AutoZone in a research note on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $774.36.

In other news, VP William T. Giles sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the sale, the vice president now directly owns 18,500 shares in the company, valued at $10,750,350. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William Andrew Mckenna purchased 300 shares of the firm’s stock in a transaction dated Thursday, July 13th. The shares were bought at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the completion of the transaction, the director now owns 5,131 shares of the company’s stock, valued at $2,601,417. The disclosure for this purchase can be found here. 2.60% of the stock is owned by corporate insiders.

About AutoZone

Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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