Hancock Whitney Corp Sells 5 Shares of AutoZone, Inc. (NYSE:AZO)

Hancock Whitney Corp cut its position in shares of AutoZone, Inc. (NYSE:AZO) by 0.1% during the 2nd quarter, Holdings Channel reports. The firm owned 4,785 shares of the company’s stock after selling 5 shares during the quarter. Hancock Whitney Corp’s holdings in AutoZone were worth $14,183,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC increased its holdings in AutoZone by 4.8% during the 1st quarter. Quent Capital LLC now owns 88 shares of the company’s stock worth $277,000 after acquiring an additional 4 shares during the period. Mather Group LLC. grew its position in shares of AutoZone by 1.8% during the 2nd quarter. Mather Group LLC. now owns 224 shares of the company’s stock valued at $706,000 after purchasing an additional 4 shares in the last quarter. Conning Inc. increased its holdings in shares of AutoZone by 4.3% in the second quarter. Conning Inc. now owns 98 shares of the company’s stock worth $290,000 after purchasing an additional 4 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of AutoZone by 14.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock worth $95,000 after buying an additional 4 shares in the last quarter. Finally, Brighton Jones LLC boosted its stake in AutoZone by 4.1% during the second quarter. Brighton Jones LLC now owns 101 shares of the company’s stock valued at $299,000 after buying an additional 4 shares during the period. 92.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AZO shares. Oppenheimer restated a “market perform” rating and issued a $2,600.00 price objective on shares of AutoZone in a research report on Wednesday, June 26th. 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 report on Wednesday, June 26th. Wedbush reiterated an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a research report on Thursday. Evercore ISI reduced their target price on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and an average price target of $3,117.12.

AutoZone Trading Down 0.8 %

Shares of AZO stock opened at $3,016.89 on Friday. The stock has a market capitalization of $51.54 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 1.45 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.37. The stock’s 50-day moving average price is $3,105.66 and its 200-day moving average price is $3,011.39.

AutoZone 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.