Tobam Takes Position in AutoZone, Inc. (AZO)
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.
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.
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.
Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO).
Receive News & Stock Ratings for AutoZone Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone Inc. and related stocks with our FREE daily email newsletter.