Blair William & Co. IL Sells 83 Shares of AutoZone, Inc. (NYSE:AZO)

Blair William & Co. IL reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 5.0% in the second quarter, HoldingsChannel.com reports. The fund owned 1,566 shares of the company’s stock after selling 83 shares during the quarter. Blair William & Co. IL’s holdings in AutoZone were worth $4,642,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PineStone Asset Management Inc. lifted its stake in AutoZone by 137.6% during the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock worth $918,998,000 after purchasing an additional 179,543 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in AutoZone in the 2nd quarter worth approximately $424,000. Captrust Financial Advisors boosted its stake in AutoZone by 564.2% in the first quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock worth $479,338,000 after buying an additional 129,193 shares in the last quarter. Baillie Gifford & Co. grew its position in AutoZone by 2,714.8% during the second quarter. Baillie Gifford & Co. now owns 120,194 shares of the company’s stock valued at $356,267,000 after acquiring an additional 115,924 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of AutoZone by 106.7% during the first quarter. Bessemer Group Inc. now owns 117,891 shares of the company’s stock worth $371,552,000 after acquiring an additional 60,852 shares in the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AZO. Wedbush reaffirmed an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a research note on Thursday. StockNews.com cut AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday. Oppenheimer reiterated a “market perform” rating and issued a $2,600.00 price objective on shares of AutoZone in a report on Wednesday, June 26th. Guggenheim increased their target price on AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Evercore ISI decreased their price target on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,129.44.

AutoZone Stock Down 0.6 %

Shares of AZO stock opened at $3,020.66 on Friday. The stock has a fifty day moving average of $3,105.66 and a 200 day moving average of $3,010.75. The firm has a market capitalization of $51.60 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 1.45 and a beta of 0.71. AutoZone, Inc. has a 52 week low of $2,375.35 and a 52 week high of $3,256.37.

About AutoZone

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.