KBC Group NV Sells 57 Shares of AutoZone, Inc. (NYSE:AZO)

KBC Group NV decreased its stake in AutoZone, Inc. (NYSE:AZO) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,995 shares of the company’s stock after selling 57 shares during the period. KBC Group NV owned about 0.09% of AutoZone worth $23,083,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AZO. Dupont Capital Management Corp increased its position in AutoZone by 23.6% in the 2nd quarter. Dupont Capital Management Corp now owns 14,093 shares of the company’s stock valued at $15,495,000 after acquiring an additional 2,689 shares during the period. Investec Asset Management LTD increased its position in AutoZone by 157.0% in the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the company’s stock valued at $271,780,000 after acquiring an additional 396,216 shares during the period. Investec Asset Management North America Inc. increased its position in AutoZone by 12.3% in the 2nd quarter. Investec Asset Management North America Inc. now owns 26,525 shares of the company’s stock valued at $29,163,000 after acquiring an additional 2,899 shares during the period. Advantage Investment Management LLC increased its position in AutoZone by 46.4% in the 2nd quarter. Advantage Investment Management LLC now owns 41 shares of the company’s stock valued at $45,000 after acquiring an additional 13 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in AutoZone by 9.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,386 shares of the company’s stock valued at $1,524,000 after acquiring an additional 116 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

AZO has been the subject of a number of research reports. Wedbush restated an “outperform” rating and issued a $1,100.00 price target (up from $1,030.00) on shares of AutoZone in a report on Wednesday, May 22nd. Goldman Sachs Group started coverage on shares of AutoZone in a research note on Thursday, July 11th. They set a “neutral” rating and a $1,183.00 price objective for the company. CIBC raised shares of AutoZone from a “market perform” rating to an “outperform” rating in a research note on Friday, June 28th. Oppenheimer upgraded shares of AutoZone from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $900.00 to $1,225.00 in a research report on Friday, June 28th. Finally, Citigroup lifted their target price on shares of AutoZone from $1,206.00 to $1,234.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $1,061.25.

Shares of AutoZone stock opened at $1,097.69 on Thursday. AutoZone, Inc. has a 1 year low of $705.01 and a 1 year high of $1,186.60. The firm has a market cap of $26.17 billion, a PE ratio of 21.81, a PEG ratio of 1.40 and a beta of 0.65. The company has a 50 day simple moving average of $1,117.39 and a two-hundred day simple moving average of $1,044.67.

In other news, VP Ronald B. Griffin sold 4,570 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $1,124.37, for a total value of $5,138,370.90. Following the completion of the sale, the vice president now directly owns 4,974 shares in the company, valued at approximately $5,592,616.38. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Earl G. Graves, Jr. sold 250 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $1,021.86, for a total transaction of $255,465.00. Following the completion of the sale, the director now owns 4,357 shares of the company’s stock, valued at $4,452,244.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,970 shares of company stock valued at $12,262,864. Company insiders own 2.80% of the company’s stock.

AutoZone Company Profile

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, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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