AutoZone, Inc. (NYSE:AZO) Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 4.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 386 shares of the company’s stock after acquiring an additional 18 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in AutoZone were worth $1,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of AutoZone during the first quarter valued at about $32,000. Riverview Trust Co acquired a new stake in shares of AutoZone during the first quarter valued at about $41,000. Meeder Asset Management Inc. increased its position in shares of AutoZone by 50.0% during the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after acquiring an additional 5 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of AutoZone during the second quarter valued at about $50,000. Finally, ORG Partners LLC acquired a new stake in shares of AutoZone during the second quarter valued at about $50,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Stock Performance

AZO opened at $3,040.09 on Friday. The firm has a 50 day moving average price of $3,103.78 and a 200 day moving average price of $3,011.83. The company has a market cap of $51.93 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.45 and a beta of 0.71. AutoZone, Inc. has a 1 year low of $2,375.35 and a 1 year high of $3,256.37.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AZO shares. StockNews.com raised shares of AutoZone from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Guggenheim raised their price objective on shares of AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Wedbush reissued an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a research note on Thursday. Barclays lowered their price objective on shares of AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating for the company in a research note on Thursday, May 23rd. Finally, Oppenheimer reissued a “market perform” rating and issued a $2,600.00 price objective on shares of AutoZone in a research note on Wednesday, June 26th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,112.71.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.