AutoZone, Inc. (NYSE:AZO) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in AutoZone, Inc. (NYSE:AZOGet Rating) by 0.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,948,354 shares of the company’s stock after selling 169 shares during the quarter. Vanguard Group Inc. owned about 9.82% of AutoZone worth $3,983,567,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ellevest Inc. acquired a new stake in shares of AutoZone in the 1st quarter worth $55,000. Harbor Investment Advisory LLC boosted its position in shares of AutoZone by 11.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 106 shares of the company’s stock worth $217,000 after purchasing an additional 11 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of AutoZone by 71.5% in the 4th quarter. Mackenzie Financial Corp now owns 16,993 shares of the company’s stock worth $35,624,000 after purchasing an additional 7,084 shares in the last quarter. Quent Capital LLC boosted its position in shares of AutoZone by 10.7% in the 1st quarter. Quent Capital LLC now owns 83 shares of the company’s stock worth $170,000 after purchasing an additional 8 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of AutoZone by 5.4% in the 1st quarter. Principal Financial Group Inc. now owns 27,644 shares of the company’s stock worth $56,521,000 after purchasing an additional 1,423 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

AutoZone Stock Performance

NYSE AZO opened at $2,193.25 on Friday. The stock has a 50-day simple moving average of $2,190.56 and a two-hundred day simple moving average of $2,075.96. The firm has a market capitalization of $42.74 billion, a P/E ratio of 19.45, a PEG ratio of 1.52 and a beta of 0.78. AutoZone, Inc. has a fifty-two week low of $1,540.98 and a fifty-two week high of $2,362.24.

Insider Buying and Selling at AutoZone

In related news, VP Domingo Hurtado sold 395 shares of AutoZone stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $2,217.53, for a total value of $875,924.35. Following the completion of the transaction, the vice president now owns 362 shares in the company, valued at approximately $802,745.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO William C. Rhodes III sold 2,958 shares of AutoZone stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $2,206.33, for a total value of $6,526,324.14. Following the completion of the transaction, the chief executive officer now owns 15,935 shares in the company, valued at approximately $35,157,868.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Domingo Hurtado sold 395 shares of AutoZone stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $2,217.53, for a total value of $875,924.35. Following the completion of the transaction, the vice president now owns 362 shares of the company’s stock, valued at approximately $802,745.86. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley raised AutoZone from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $2,125.00 to $2,420.00 in a research report on Thursday, June 16th. DA Davidson lifted their price target on AutoZone from $1,900.00 to $1,920.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 25th. Citigroup lifted their price target on AutoZone from $2,210.00 to $2,250.00 in a research report on Friday, May 13th. Wedbush reaffirmed an “outperform” rating on shares of AutoZone in a research report on Monday, May 23rd. Finally, Truist Financial lowered their price target on AutoZone from $2,215.00 to $2,174.00 and set a “buy” rating for the company in a research report on Wednesday, May 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,169.41.

AutoZone Company Profile

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AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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