BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 2,657 Shares of AutoZone, Inc. (NYSE:AZO)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in AutoZone, Inc. (NYSE:AZO) by 22.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,214 shares of the company’s stock after selling 2,657 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.05% of AutoZone worth $27,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AZO. PineStone Asset Management Inc. raised its stake in shares of AutoZone by 137.6% in the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock worth $918,998,000 after buying an additional 179,543 shares during the period. Strategic Financial Concepts LLC bought a new stake in AutoZone during the 2nd quarter valued at approximately $424,000. Captrust Financial Advisors raised its stake in AutoZone by 564.2% during the 1st quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock valued at $479,338,000 after purchasing an additional 129,193 shares during the period. Baillie Gifford & Co. raised its stake in AutoZone by 2,714.8% during the 2nd quarter. Baillie Gifford & Co. now owns 120,194 shares of the company’s stock valued at $356,267,000 after purchasing an additional 115,924 shares during the period. Finally, Bessemer Group Inc. raised its stake in AutoZone by 106.7% during the 1st quarter. Bessemer Group Inc. now owns 117,891 shares of the company’s stock valued at $371,552,000 after purchasing an additional 60,852 shares during the period. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Down 0.1 %

Shares of AutoZone stock opened at $3,046.64 on Wednesday. The stock’s fifty day moving average is $3,109.08 and its two-hundred day moving average is $3,009.36. The company has a market capitalization of $52.05 billion, a PE ratio of 21.07, a price-to-earnings-growth 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.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AZO. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday. Oppenheimer reaffirmed a “market perform” rating and set a $2,600.00 price objective on shares of AutoZone in a report on Wednesday, June 26th. Evercore ISI decreased their price objective on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Guggenheim upped their price objective on AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Wedbush reaffirmed an “outperform” rating and set a $3,200.00 price objective on shares of AutoZone in a report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,129.44.

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.