Strategic Global Advisors LLC cut its position in AutoZone, Inc. (NYSE:AZO) by 53.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,278 shares of the company’s stock after selling 1,492 shares during the period. Strategic Global Advisors LLC’s holdings in AutoZone were worth $729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AZO. American Beacon Advisors Inc. acquired a new stake in shares of AutoZone in the 1st quarter valued at about $104,000. Alpha Windward LLC grew its stake in shares of AutoZone by 3.2% in the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after buying an additional 8 shares during the period. Global X Management Co. LLC grew its stake in shares of AutoZone by 12.9% in the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock valued at $184,000 after buying an additional 37 shares during the period. Colony Group LLC acquired a new stake in shares of AutoZone in the 1st quarter valued at about $205,000. Finally, Wesbanco Bank Inc. grew its stake in shares of AutoZone by 17.7% in the 2nd quarter. Wesbanco Bank Inc. now owns 365 shares of the company’s stock valued at $208,000 after buying an additional 55 shares during the period. Institutional investors own 96.06% of the company’s stock.

AutoZone, Inc. (AZO) traded up 1.12% during trading on Friday, hitting $569.89. 693,599 shares of the company’s stock traded hands. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $813.70. The stock has a market cap of $15.97 billion, a P/E ratio of 13.16 and a beta of 0.62. The company’s 50 day moving average is $533.51 and its 200-day moving average is $615.92.

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

In other news, Director William Andrew Mckenna purchased 300 shares of the business’s stock in a transaction dated Thursday, July 13th. The shares were purchased at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the completion of the acquisition, the director now directly owns 5,131 shares in the company, valued at approximately $2,601,417. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP William T. Giles sold 10,000 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 18,500 shares in the company, valued at approximately $10,750,350. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

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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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