Hennessy Advisors Inc. reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,600 shares of the company’s stock after selling 200 shares during the quarter. Hennessy Advisors Inc.’s holdings in AutoZone were worth $1,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of AutoZone by 2,993.2% during the first quarter. BlackRock Inc. now owns 2,029,985 shares of the company’s stock valued at $1,467,778,000 after purchasing an additional 1,964,358 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of AutoZone by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,867,216 shares of the company’s stock valued at $1,350,091,000 after purchasing an additional 29,681 shares during the last quarter. State Street Corp grew its stake in shares of AutoZone by 3.2% during the first quarter. State Street Corp now owns 1,296,527 shares of the company’s stock valued at $937,455,000 after purchasing an additional 40,358 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of AutoZone by 59.7% during the second quarter. JPMorgan Chase & Co. now owns 1,018,416 shares of the company’s stock valued at $580,966,000 after purchasing an additional 380,824 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of AutoZone by 7.7% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 856,113 shares of the company’s stock valued at $619,686,000 after purchasing an additional 61,400 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors and hedge funds.

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

Several analysts have recently commented on the stock. Deutsche Bank AG decreased their price target on shares of AutoZone from $800.00 to $650.00 and set a “hold” rating on the stock in a research note on Thursday, May 25th. BTIG Research reissued a “buy” rating and set a $825.00 price target on shares of AutoZone in a research note on Wednesday, May 24th. CIBC reissued a “buy” rating and set a $900.00 price target on shares of AutoZone in a research note on Wednesday, May 24th. Oppenheimer Holdings, Inc. set a $900.00 price target on shares of AutoZone and gave the company a “buy” rating in a research note on Tuesday, May 23rd. Finally, Bank of America Corporation cut shares of AutoZone from a “buy” rating to a “neutral” rating and decreased their price target for the company from $750.00 to $575.00 in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $776.64.

Shares of AutoZone, Inc. (NYSE:AZO) opened at 540.51 on Monday. The firm has a 50-day moving average of $526.96 and a 200 day moving average of $622.23. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of 12.49 and a beta of 0.62. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $813.70.

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AutoZone 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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