Private Management Group Inc. bought a new stake in AutoZone, Inc. (NYSE:AZO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 37,755 shares of the company’s stock, valued at approximately $21,538,000. Private Management Group Inc. owned 0.13% of AutoZone at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of AutoZone by 2,993.2% in the first quarter. BlackRock Inc. now owns 2,029,985 shares of the company’s stock valued at $1,467,778,000 after buying an additional 1,964,358 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of AutoZone by 103.6% in the first quarter. OppenheimerFunds Inc. now owns 693,624 shares of the company’s stock valued at $501,525,000 after buying an additional 352,990 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of AutoZone during the first quarter valued at approximately $114,285,000. JPMorgan Chase & Co. boosted its stake in shares of AutoZone by 24.5% in the first quarter. JPMorgan Chase & Co. now owns 637,592 shares of the company’s stock valued at $461,012,000 after buying an additional 125,566 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its stake in shares of AutoZone by 35.8% in the first quarter. Burgundy Asset Management Ltd. now owns 401,278 shares of the company’s stock valued at $290,144,000 after buying an additional 105,796 shares during the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone, Inc. (AZO) traded up 1.7600% on Friday, reaching $537.7405. 45,483 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $520.86 and its 200-day moving average is $629.29. The firm has a market cap of $15.07 billion, a PE ratio of 12.4215 and a beta of 0.61. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $813.70.

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AZO has been the topic of several recent analyst reports. Oppenheimer Holdings, Inc. dropped their target price on AutoZone and set an “outperform” rating on the stock in a report on Thursday, July 20th. ValuEngine raised AutoZone from a “hold” rating to a “buy” rating in a report on Wednesday, May 24th. Deutsche Bank AG dropped their target price on AutoZone from $800.00 to $650.00 and set a “hold” rating on the stock in a report on Thursday, May 25th. Citigroup Inc. dropped their target price on AutoZone from $920.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Finally, Morgan Stanley lowered shares of AutoZone from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $774.36.

In other AutoZone news, VP William T. Giles sold 10,000 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total value of $5,811,000.00. Following the completion of the sale, the vice president now owns 18,500 shares in the company, valued at $10,750,350. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Earl G. Graves, Jr. sold 1,000 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $602.50, for a total transaction of $602,500.00. Following the completion of the sale, the director now owns 4,431 shares of the company’s stock, valued at approximately $2,669,677.50. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

AutoZone Company Profile

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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